Features and Specifications
Details:
There is a lease in place that the purchaser will have to assume, as well as a Rail Siding Agreement or a Track Access Agreement that the potential purchaser will have to arrange with CP Rail. These agreements will be made available to qualified interested purchasers upon request, and will be considered confidential and non-transferable.
Formerly a Cargill Elevator, this facility was sold to a private company (Pipeline Foods) in 2017 and refurbished and used for several years, until the company closed in 2021.
This Facility consists of two buildings, all the following are included in the sale of the Elevator,
Formerly a Cargill Elevator, this facility was sold to a private company (Pipeline Foods) in 2017 and refurbished and used for several years, until the company closed in 2021.
This Facility consists of two buildings, all the following are included in the sale of the Elevator,
-Main Elevator Building with Offices & Testing Rooms (3060 Metric Tons or 112,400 Bushels)
-Annex #1 (Cleaning Annex with Fractioning Aspirator & Screening Bin)
-Dust Collector (Non-Functioning)
Elevator Complex: Made up of the Offices, Testing Facilities, Truck Scale and Unload Area, and Bin Area. Facility has 24 bins divided by size (4 – 165 Metric Tons, 4 – 80 Metric Tons, 16 – 130 Metric Tons). All Bins are hoppered but require new tin sheeting installed. Using both legs to load resulted in an average capacity of 100 Metric Tons in 25 minutes if run properly. Or one leg could load one truck in 15 minutes. The Truck Scale had a weight limit of 66,000 kg. All blue exterior pipes were installed between 2017 & 2018.
Cleaning Annex: Built between 2019 and 2020, Cleaner is a fractionating Aspirator Cleaner, and capable of cleaning a variety of crops. Different Rollers for different product, spare rollers are visible in the Elevator Control Room Pictures.
Truck Probe: Gamet Apollo Model 610A Truck Probe Sampler was installed in 2018, and was operating at time of shutdown.
Damages of Note: East & West Truck doors were damaged and torn down during a windstorm in Summer 2022. Temporary Fence Panels are not included in the purchase of the Elevator Lease.
Obligations & Details: There were two agreements between Pipeline and CP in respect of Wapella. The purchaser of this facility would assume the existing Lease that Pipeline Foods had and would enter into a new Track Access Agreement. Both agreements are provided below under supportive documents.
a) Lease Agreement The rent under the Lease Agreement was $2653 per year due on September 1 in each year of the term of the Lease. The Lease term expires on August 1, 2023 but can be renewed for an additional 5 year term (and thereafter for another 5 year term – for a total of ten years to 2033). After the first 5 year term, the Lease can be terminated by either party on 90 days written notice. There is a 3% increase applicable in each year after 2017.
b) Track Access Agreement This Agreement gives the user (formerly Pipeline Foods) access to certain trackage of the CP Wapella rail track to facilitate the user’s approved Operations. CP has provided the form that it would expect for this Agreement with a new user. The annual fee for the use of the Access Area will be $90,000 for the one-year term. There is a provision for 3% increase in that fee for each successive one-year term (understood to be the effect of clause 10.1 and clause 9.1). The agreement continues from year to year after the first anniversary until terminated by either party on 90 days written notice.
