Wednesday, January 20 10:00 am
Keokuk, IA



NEW AUCTION DATE: Wednesday, January 20, 2010

Former Tri-City Energy
Plant Constructed in 2006-2007! Auction will be held On-Site!
Operated for only 17 Months
Produced 1,000,000 Gallons of Biodiesel
17,396 Sq. Ft. Building on 24,521 Sq. Ft. Lot
Zoned M-2 Heavy Industrial
15,296 Sq. Ft. Processing/Production Building
2,100 Sq. Ft. Mezzanine overlooking Production
Eleven (11) 12,000 Gallon Tank Farm
City Utilities
Fire Sprinkler System

Complete Laboratory Equipment and Supplies Selling as One Tract
Spectrometer • Baths • Chromatograph • Fuel Analyzer • Viscometer • Scales • Centrifuges • Flash Tester • Titrator • Coulometer • Oven • Carbon Residue Apparatus • Furnace • Laboratory Hood • Emergency Station • Supplies: Flasks, Beakers, Graduated Columns • Chemical Supplies • Touch Mixer • Analyzer • pH Meter • Handheld Organic Compound Monitor

Also Selling: A 51% membership interest in Keokuk Glycerin LLC,
an Iowa Code 490A limited liability company with a principal office located at 410 Johnson Street, Keokuk, Iowa 52632. Management of the company is vested in managers. At the time of its organization on December 19, 2007, the company had four managers; John Rothgeb, Gerald Moughler, Guy Rose and Glen Meyers. First Midwest Bank has no information related to the financial status of the company and has not reviewed the operating agreement governing its internal operations. No information is presently available as to indebtedness, income or loss. Bidders must accept the risk that they may be purchasing the right to share income or loss only and may not be admitted as a member of the Company unless approved by the other members. For further information about this auction item, bidders should contact attorney Michael L. Noyes or Catherine E. Hult of Lane & Waterman LLP, 220 N Main St., Ste 600, Davenport Iowa 52801, phone 563-324-3246, fax 563-324-1616.

Auction is in conjunction with Iowa District Court in and for Lee County, Equity No. EQEQ 4974(s).

Property will be sold as follows:
Tract 1: the Real Estate
Tract 2: Biodiesel Equipment
Tract 3: Real Estate and Biodiesel Equipment
Tract 4: Laboratory Equipment
Tract 5: 51% Glycerin Plant Interest

Wednesday, November 18 • 11 am - 4 pm
Thursday, November 19 • 11 am - 4 pm
Tuesday, December 15 • 11 am - 4 pm
Tuesday, January 5 • 10 am - 2 pm
Tuesday, January 19 • 10 am - 2 pm
Wednesday, January 20 • 9 am – 10 am
Other times available by appointment.

Payment Information

See Full Terms.

Full Terms

10% Buyer Premium, 13% Internet Buyer Premium. Real Estate property must sell for 2/3 of appraised value. $50,000 Certified Deposit due on Day of Sale Entirety Purchase; $25,000 Certified Deposit due on Day of Sale for each Tract: Real Estate, Biodiesel Equipment, Lab Equipment and Glycerin Interest. Biodiesel Equipment, Laboratory and Glycerin Plant Interest funds are due in full within 24 hours of the auction. Real Estate Balance due at Closing on or before 30 days as determined by the Court. Funds payable to Lee County Sheriff. Selling subject to Sheriff approval. Attorney Cathy Hult, Lane & Waterman LLP (563) 333-6694 is the agent for the secured creditor. Everything is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. See Bidder Kit for complete terms. In all transactions, auctioneer is acting as an Agent for the Seller. All information received from reliable sources believed to be correct but not guaranteed by auction company. Any announcement made at the auction takes precedence over any material published about this event. Removal, packaging and transportation costs are the responsibility of buyer. Items left longer than 30 days are subject to forfeiture. Sales tax may apply. Buyers are urged to inspect equipment prior to purchase. Seller and Auctioneer are not responsible for items. In the event of a dispute, Auctioneer has the final decision. Subject to prior sale. Valid Government ID required to obtain a bidding number.

In Conjunction with Iowa District Court in and for Lee County, Equity No. EQEQ 4974(s).