Sale of Property (172 Acres) - by Municipal Tenants in Common

Seller, the municipalities of Dayton, Wayne Township, and Rural Valley (Armstrong County PA) are coowners (tenants in common) of parcels of land. Land remains undeveloped, 172 acres (more or less). The land has approximately 40 acres (more or less) of standing timber and existing gas wells. Land will be sold as is with gas and mineral rights. The address of the land is; 732 State Route 1028, Dayton Pa 16222.

As the three tenants in common have no on-going use for these properties, they are soliciting bids from the general public. The tracks of land are registered in the Armstrong County Assessment records as follows:

Tax Map #124.00-01-07, 77.199 acres Tax Map #112.00-01-36, 95.11 acres

The approximate location of the property is: Situated along both sides of Limestone Road

732 Pa-1028, Dayton, Pa 16222

Bidders shall perform any/all necessary research before submitting their bids for this land. Said examinations shall be the burden of the bidder and at the sole expense of the bidder.

Sellers will review at auction closure. All bids are subject to review/acceptance/rejection buy Sellers. Under PA Statutes, 1. Sellers reserve the right to accept or reject any bid. All bids shall be accepted on the condition that payment of this purchase price in full shall be made within sixty (60) day of the acceptance of any bid. Accepted bids must be approved by vote in the respective municipalities holding ownership.

Buyers are responsible for all fees and taxes associated with transfer of land.