Seller is offering their rights to CCWCD (GMS) Irrigation Water Allotment Contracts for 250 acre feet of consumptive use. 250 acre feet are located in Zone C in Weld County. May be transferred to A, B, C or D zones within CCWCD (GMS) but buyer needs to verify with CCWCD if their wells qualify. Transfer subject to CCWCD approval. Available for 2025 irrigation season. Live virtual online auction with multiple rounds of bidding. Highest bidder of the round has choice of any or all of the 250 acre feet. Starting bid is $1,000 per acre foot. Participants can bid online on January 28, 2025, at 10:30am MT via reckagri.com.
ONLINE BIDDING PROCEDURE: The CCWCD (GMS) Irrigation Water Allotment (250 AF) Auction will be offered for sale in a live, virtual auction. The auction will be Tuesday, January 28, 2025 beginning at 10:30 am MT.
BIDDING WILL BE ONLINE ONLY with a live auctioneer. The bidding will be per acre foot. The auction will begin and the highest bidder has choice of any or all of the 250 acre feet. A short break will be taken. When the auction resumes, the number of remaining, unpurchased acre feet, if any remaining, will be announced. Bidding will resume and the highest bidder for the remaining acre feet has a choice of any or all of the remaining acre feet. This procedure will continue until all of the 250 acre feet are sold. Total price will be determined by calculating the highest bid/acre foot times the number of acre feet each buyer commits to purchase. Bids will be taken for price per acre foot. Starting bids are $1,000/acre foot.
To bid at the online auction:
1. Download RECK AGRI MOBILE APP through the Apple App Store or Google Play OR visit reckagri.com and click on the CCWCD (GMS) IRRIGATION WATER ALLOTMENT (250 AF) AUCTION property page to register to bid.
2. Your registration must be approved by Reck Agri Realty & Auction before you may bid. See Bidder Requirements below.
3. If you have questions regarding the bidding process and/or registration, call Reck Agri Realty & Auction at 970-522-7770.
BIDDER REQUIREMENTS: Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the full terms and conditions of the Due Diligence Packet; 2.) Verification from CCWCD that the acre feet Bidder(s) purchases will qualify to be transferred; and 3.) Provide Reck Agri Realty & Auction verification of available funds to purchase the contract acres and/or bank loan approval letter with no contingencies. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Due Diligence Packet may be obtained by visiting CCWCD (GMS) IRRIGATION WATER ALLOTMENT (250 AF) AUCTION property page at reckagri.com or by calling Reck Agri Realty & Auction. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date.
SIGNING OF PURCHASE CONTRACT: Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy & Sell Irrigation Water for the amount of the bid. Required earnest money deposit to be in the form of a check or wire for 15% of the purchase price which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Contract to Purchase Irrigation Water will not be contingent upon financing. Terms and conditions of the Due Diligence Packet and announcements shall be incorporated and made a part of the contract. Sample contract is available herein. Buyer(s) to immediately complete and submit the Petition to Transfer Water Allotment Contract with CCWCD on or before February 3, 2025.
CLOSING: Buyer(s) shall pay in good funds, the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before February 21, 2025. Closing to be conducted by Reck Agri Realty & Auction.
TITLE: Seller to transfer their rights to their CCWCD Irrigation Water Allotment Contract by Petition To Transfer Water Allotment Contract free and clear of all liens. Transfer is subject to approval of the CCWCD Board of Directors. Seller to pay the $100 transfer fee.
WATER RIGHTS: The CCWCD (GMS) IRRIGATION WATER ALLOTMENT (250 AF) AUCTION is subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and Central Colorado Water Conservancy District. The Irrigation Water Allotment Contract is being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery. Buyer(s) to pay 2025 assessment and thereafter and to reimburse Seller at closing if 2025 assessments have been paid.
ANNOUNCEMENTS: The information contained herein has either been given to us by the Seller or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assume no responsibility for the omissions, corrections, or withdrawals. The prospective Buyer(s) should verify all information contained herein. CCWCD (GMS) IRRIGATION WATER ALLOTMENT (250 AF) AUCTION acres are being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. Reck Agri Realty & Auction does not offer broker participation for the “CCWCD (GMS) IRRIGATION WATER ALLOTMENT (250 AF) AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.
COPYRIGHT: Photographs, videos, Postcard & Due Diligence Packets are property of Reck Agri Realty & Auction and cannot be reproduced without permission.
NOTICE TO PROSPECTIVE BUYER(S): The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location and aerial maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective buyers are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation, or recourse to Seller.
