Benner Nawman Letter of Interest
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Letter of Intent THIS LETTER OF INTENT (the "Document") made as of this 22nd day of December, 2023 (the "Execution Date"), BETWEEN: Benner-Nawman Inc of 3450 N Sabin Brown Rd, Wickenburg, AZ 85390 (the "Purchaser") - AND - Town of Wickenburg of 155 N Tegner St., Ste A Wickenburg, AZ 85390 (the "Seller") BACKGROUND: A. The Seller is the owner of industrial property. B. The Purchaser wishes to purchase industrial property from the Seller. This Document will establish the basic terms to be used in a future real estate contract for sale (the "Contract") between the Seller and the Purchaser. The terms contained in this Document are not comprehensive and it is expected that additional terms may be added, and existing terms may be changed or deleted. The basic terms are as follows: 1. Non-Binding 1. This Document does not create a binding agreement between the Purchaser and the Seller and will not be enforceable. Only the Contract, duly executed by the Purchaser and the Seller, will be enforceable. The terms and conditions of the Contract will supersede any terms and conditions contained in this Document. The Purchaser and the Seller are not prevented from entering into negotiations with third parties with regard to the subject matter of this Document. 2. Transaction Description 2. The property (the "Property") that is the subject of this Document is located at: o A triangle shape portion of property located in the NW corner of cross streets N.Industrial Dr and Sabin Brown Rd. Bordering a property located at 3450 N Sabin Brown Rd. Wickenburg, AZ 85390. APN# 505-41-152 o This triangle section is part of APN# 505-41-008R 33.966816, -112.806282 3. Purchase Price 3. The Purchaser will pay to the Seller the amount of $ (Fair market value as appraised) on or before the closing date as final payment in full for the Property. 4. The Purchaser will take possession of the Property on the agreed closing date. 5. Real Property Disclosure 5. The Seller does not know of any material facts that would affect the value of the Property, except those observable by the Purchaser or known to the Seller and stated in this Document. 6. Representations 6. The Seller represents and warrants that the Property is free and clear of any liens, charges, encumbrances or rights of third parties which will not be satisfied out of the sales proceeds. If the representations of the Seller are untrue upon the Closing Date, the Purchaser may terminate any future agreement without penalty and any deposits must be refunded. 7. Terms and Conditions 7. The Purchaser will accept the Property in its current state and condition without any further work, repairs, treatments, or improvements. The Purchaser (Benner-Nawman) wishes to acquire the listed property to facilitate future growth. Some examples of future growth include: • Constructing a building or buildings similar in shape and size to the existing metal buildings in the area and within compliance of existing zoning and building codes. This additional building could become warehouse space for storage or could create office space. Both would help facilitate employment growth. • Additional parking. Covered or uncovered. This space could be a site for employee parking. • Adding a 1000 gallon propane tank to upgrade our facilities heating system • Use for raw material storage. This would expand our footprint and allow us to store raw materials covered or uncovered. These would be materials needed for the assembly or shipping of products that we may already produce or potential new products . Benner-Nawman has been an employer in the Wickenburg community since 1968. In the years since, this company has expanded and adjusted with change many times to create the thriving business it is today. The family owned company is currently under management by the 4th generation since its inception in 1925. This new management has set goals for growth in both employment and community reach. 241'-3" 90'-1" 266'-11" 399'-3" 389'-10" 660'-0" 450'-2" 53'-4" 262'-7" 660'-0" 660'-0" 660'-0" 660'-0" 389'-10" 399'-3" 266'-11" Current Property Dimensions Proposed Property Dimensions 5/16" = .3125 3450 Boundary dimensions REL 1/2" = .50 N/A M MAKE OR BUY: 13/16" = .8125 BN Products USA, LLC DRAWN FINISH UNLESS OTHERWISE SPECIFIED: CHECKED DIMENSIONS ARE IN INCHES TOLERANCES: FRACTIONAL 1/32 ANGULAR: MACH 1.0 BEND TWO PLACE DECIMAL .02 THREE PLACE DECIMAL .003 3/4" = .750 7/16" = .4375 WEIGHT: 3/16" = .1875 1/8" = .125 DO NOT SCALE DRAWING 9/16" = .5625 SHEET 1 OF 1 INTERPRET GEOMETRIC TOLERANCING PER: ANSI DWG. NO. TITLE: THE INFORMATION CONTAINED IN THIS DRAWING IS THE SOLE PROPERTY OF BN PRODUCTS USA, LLC. ANY REPRODUCTION IN PART OR AS A WHOLE WITHOUT THE WRITTEN PERMISSION OF BN PRODUCTS USA, LLC IS PROHIBITED. 5/8" = .625 CONVERSION CHART ENG APPR. 7/8" = .875 SCALE: NAME 1/4" = .250 1" = 1.00 MATERIAL REV SIZE PROPRIETARY AND CONFIDENTIAL 15/16" = .9375 11/16" = .6875 3/8" = .375 1/16" = .0625 DATE A To Whom It May Concern: My name is Heidi Ross, and I am the Co-President of Benner-Nawman, Inc. Together with my brother Erik Kientz we are the fourth generation to lead our family business. My great grandfather R. B. Nawman founded our company along with Gus Benner in 1925 in Northern California. Our company has been a staple in the Wickenburg community for over 50 years, but many reading this letter may not know the history of how we came to Arizona. In 1968 we began looking for a location outside of California to move our manufacturing facility to. When we reached out to the Arizona Development Board, Wickenburg was one of the towns suggested. The timing was perfect as the Wickenburg Economic Enterprises, Inc. (WEE) and the Arizona State Employment Services had just concluded an Arizona Area Resource Study in regard to the effect the Brenda Cutoff would have on Wickenburg. The study confirmed the town’s concerns that the bypass was going to have a negative effect on the tourist traffic and therefore the economic future of Wickenburg. *See insert In November 1968, my great uncle Robert Nawman (R.L. Nawman) and Jack Hansell flew to Phoenix for their first meetings with Shelby Dill, Chief of Industrial Development Section with the Arizona Development Board. They spent 2 very busy days meeting with officials in Florence, Coolidge, Casa Grande, Arizona City and Wickenburg. On the second trip to Arizona one month later, Robert and Jack met with George Wellik, Ben Pollman, and Sabin Brown (all from the W.E.E. board) and Reg Craig and Lou Flowers from the Chamber of Commerce. A lease-purchase agreement for 10 acres and a 15,000 square foot building at the newly developed Industrial Airpark was proposed. On Valentines Day, 1969, Robert Nawman called Sabin Brown to let him know the lease agreement was signed and they were relocating to Wickenburg. The property of the industrial site and airport was annexed to the town on March 3rd, 1969. Site preparations began immediately, and the foundation was poured on March 10th. As you can see from the photo, only our foundation and the initial runway were present at the time. On May 17, 1969, a Ground Breaking ceremony took place. Photo (L to R) Reg Craig, Shelby Dill, R. B. Nawman, Roger Kirshman, Arizona Governor Jack Williams, and Wickenburg Mayor Sam Hammerstrom. Construction was completed in a few short months and on July 1, 1969, the first completed phone booths came off the line. At the time we had about 12 employees, but that was just the beginning. Our business continued to grow so much that we needed to double our warehouse space only a year after opening. During the highest point of our manufacturing period, we were one of the largest employers in town with about 120 employees on two shifts. With changes to the telephone industry in the late 1990s we had to close our manufacturing facility in Illinois and moved the corporate headquarters which was still in California to Wickenburg. The last phone booths went off the line in 2005. Over time we have expanded our physical size multiple times on our land, including an additional 17,500 square foot warehouse to the north that just opened last year. Photo shows our current footprint outlined in orange. Over the years our business has evolved as we have weathered changing industries and economic ups and downs. Through it all we have continued to support this wonderful town and the residents who call it home. It has always been a top priority to provide as many job opportunities to our community as we could. Beyond supporting through jobs, we also give back to our community in many ways such as donating classroom supplies to every teacher in Wickenburg at the beginning of each school year. One of our favorite ways we support local families in need is through our annual food boxes we do just prior to the December holiday. Just this week our staff and student volunteers helped pack over 150 food boxes to be delivered to students on the subsidized lunch program in Wickenburg, Morristown, Congress, Aguila. Together with an additional 109 donated food boxes, our staff helped deliver 259 boxes to help support these kids and their families during the two weeks the schools are closed. Although we don’t have hundreds of employees as we once did, we are growing. We currently have over 30 employees, with 80% of those living in Wickenburg or the immediate surrounding small communities. As our business expands so do opportunities for Wickenburg and its residents. I will end with one last picture from the last page of the scrapbook that outlines the history I have shared. It is signed by some of the gentlemen who believed in Wickenburg and helped bring our business and my family to this town. I love George Welik’s simple sentiment, “Sometimes dreams do come true”. Thank you for your time and consideration, Heidi Ross Co-President Benner-Nawman Inc. To whom it may concern, Town of Wickenburg My name Is Brian Young. I am writing this letter of interest on behalf of my employer Benner-Nawman Inc. I would like to request negotiations regarding property owned by the Town of Wickenburg that borders property owned by Benner-Nawman. The property in question is a triangle shaped portion of property located roughly in the SE corner of a property at address 3450 N Sabin Brown Rd. Wickenburg AZ 85390. Our records indicate this triangle shaped section was originally owned by Benner-Nawman and was donated to the Town of Wickenburg in the late 60’s to allow a town owned well to be dug. This well has long since been decommissioned and run its course. Only a few parts of the existing structure remain on site. Our intent is to purchase this triangle section and have it available to us for future use. Please see, • Exhibit 1 dimensions for the current and proposed property boundary dimensions. • Exhibit 2 Map overview for an aerial view of the properties in question. • Letter of intent outlining what this acquisition could mean for our business and community. • Impact statement outlining the benefits to our community and our employees. Thank you for your consideration. Brian Young Director of operations & Product development. BN Products USA. Benner-Nawman Inc. PH: 928-684-2813 b.young@bnproducts.com 3450 N. Sabin Brown Rd Wickenburg, AZ 85390