Real Properties, Real Estate Development Rights and Equipment for Au...

Sale of the seller's assets consist of real estate, real estate development rights and equipment, and more described as follows:

(i) Real Estate: The seller owns three contiguous undeveloped agricultural land tracts (collectively referred to herein as the “Real Estate”) located in Windsor Borough, York County, Pennsylvania. The three tracts are generally described in the tax mapping data generally described in Exhibit “A” on the attached PDF and are described as follows:

• Tract #1. Approximately 54.28 acres located on Schoolhouse Lane, Windsor, York County, Pennsylvania (Parcel No. 89000030001A000000)(herein “the Real Estate”). Deed recorded in deed book 1953-1880;
• Tract #2. Approximately .44 acres is identified as Parcel No. 890000301020000000. The deed is recorded at Book 1953, Page 1880. This parcel contains a single family home on Heindel Avenue;
• Tract #3. Approximately .06 acres and is identified as Parcel ID 89000020228A000000) and borders North Avenue. Deed recorded at Book 1953, Page 1880.

(ii) Real Estate Development Rights: The seller is the owner of certain development rights associated with the Real Estate, specifically, an unrecorded subdivision plan containing 154 individual residential real estate units generally known as “Walnut Creek.” The subdivision plans were prepared by Site Design Concepts Land Development Consultants, 127 West Market Street, Suite 200, York, Pennsylvania 17401 (herein the “Walnut Creek Plan”). The Walnut Creek Plan was conditionally approved by Windsor Borough in 2016, but was not recorded because of the ongoing dispute with the Rutt Family Sonshine Limited Partnership. The seller's rights to the Walnut Creek and all associated subdivision plans, surveys, specifications, drawings, engineering drawings, permits, development and subdivision approvals and entitlements and all other rights
relating to the development of the Real Estate and the approved residential subdivision are generally referred to herein as “Real Estate Development Rights.”

(iii) Equipment: The seller owns three pieces of earth moving equipment, as set forth by its schedules, specifically, a SEC 754 Step up backhoe, a SEC step up skid loader and a SEC 754 Step Up wheel loader (herein “Equipment”).