Case BLS Doc 241 Filed 02/21/13 Page 1 of 10 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

Transcription

1 Case BLS Doc 241 Filed 02/21/13 Page 1 of 10 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: ) Chapter 11 REVSTONE INDUSTRIES, LLC, et al., ) Case No Debtors. ) ) (Jointly Administered) MOTION OF US TOOL & ENGINEERING, LLC PURSUANT TO SECTIONS 105(a) AND 363 OF THE BANKRUPTCY CODE FOR AUTHORITY TO (A) CONDUCT AN AUCTION FOR PERSONAL PROPERTY ASSETS, AND (B) SELL ASSETS TO THE SUCCESSFUL BIDDERS AT AN AUCTION FREE AND CLEAR OF ALL ENCUMBRANCES US Tool & Engineering, LLC, one of the above-captioned debtors and debtors in possession (the "Debtor"), files this motion (the "Motion") for entry of an order, in the form attached hereto as Exhibit A, pursuant to sections 105(a) and 363 of title 11 of the United States Code (the "Bankruptcy Code"), authorizing the Debtor to (a) conduct an auction for substantially all of its personal property assets primarily consisting of the equipment described on Exhibit B hereto, as such exhibit may be amended or supplemented (the "Equipment"), and (b) sell the Equipment to the successful bidder(s) at an auction free and clear of all encumbrances in accordance with the auction procedures described herein. The Debtor further requests authority to (a) use the proceeds of the auction to satisfy expenses specifically relating to the sale of the Equipment, including utilities, rent, taxes and insurance, pursuant to sections 363 and 506 of the Bankruptcy Code, and (b) abandon any of the Equipment that cannot be sold at auction pursuant The Debtors in these Chapter 11 Cases and the last four digits of each Debtor s federal tax identification numbers are: Revstone Industries, LLC (7222); Spara, LLC (6613); Greenwood Forgings, LLC (9285); and US Tool & Engineering, LLC (6450). The location of the Debtors headquarters and the service address for each of the Debtors is 2250 Thunderstick Dr., Suite 1203, Lexington, KY DOCSDE: /001

2 Case BLS Doc 241 Filed 02/21/13 Page 2 of 10 to section 554 of the Bankruptcy Code. In support of the Motion, the Debtor respectfully represents as follows: Jiiricdh finn 1. This Court has jurisdiction over this Motion pursuant to 28 U.S.C. 157 and This is a core proceeding pursuant to 28 U.S.C. 1 57(b)(2). Venue is proper before this Court pursuant to 28 U.S.C and The statutory bases for the relief sought herein are sections 105(a), 363, 506 and 554 of the Bankruptcy Code, Rules 6004(h) and 6005 of the Federal Rules of Bankruptcy Procedure (the "Bankruptcy Rules") and Rule of the Local Rules for the United States Bankruptcy Court for the District of Delaware (the "Local Rules") Background 3. On January 7, 2013, the Debtor filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code. The Debtor continues to manage its property as a debtor in possession. No trustee, examiner or committee has been appointed in the Debtor s chapter 11 case. 4. The Debtor has terminated operations and its principal remaining asset is the Equipment. The Debtor estimates that the Equipment may be worth in the range of $750,000 to $1.25 million. Boston Finance Group, LLC ("BFG") asserts a lien against the Equipment and a claim against the Debtor in an amount exceeding $4.5 million. BFG also asserts an unsecured guarantee claim against Revstone Industries, LLC ("Revstone") for any deficiency in BFG s claim against the Debtor. DOCSDE: /001 1

3 Case BLS Doc 241 Filed 02/21/13 Page 3 of The Equipment is located in the Debtor s leasehold facility in Lansing, Michigan (the "Facility"), which is currently under the management of a court-appointed receiver (the "Receiver"). The Equipment is properly safeguarded within the Facility under the supervision of the Receiver. The Equipment is also covered under a property insurance policy. The Debtor s representatives have been granted access to the Facility by the Receiver in order to inspect the Equipment and solicit bids from liquidators. 6. The Debtor believes, in the exercise of its sound business judgment, that the best mechanism to maximize the value of the Equipment is to conduct a public auction (the "Auction") 7. Concurrently herewith, the Debtor has filed an application to retain and employ Myron Bowling Auctioneers, Inc., Utica Leaseco, LLC, PPL Group LLC, and Maynard Industries (199 1) Inc. (collectively, the "Auctioneer") as auctioneer for the Debtor in connection with the sale of the Equipment. Relief Requested 8. By this Motion, the Debtor seeks entry of an order (a) authorizing the Debtor to conduct the Auction for the Equipment; (b) authorizing the Debtor to sell the Equipment to the successful bidders at the Auction free and clear of all encumbrances; and (c) approving the procedures for the auction as summarized below. The Debtor further requests authority to (a) use the proceeds of the Auction to satisfy expenses specifically relating to the sale of the Equipment, including utilities, rent, taxes and insurance, pursuant to sections 363 and 506 of the Bankruptcy Code and (b) abandon any of the Equipment that cannot be sold at the Auction pursuant to section 554 of the Bankruptcy Code. DOCSDE: /001 2

4 Case BLS Doc 241 Filed 02/21/13 Page 4 of 10 Proposed Procedures for Auction 9. To facilitate the Auction, the Debtor proposes the implementation and approval of the following procedures: (a) The Auctioneer shall guarantee the Debtor the sum of $600, (the "Guarantee Price"). The Auctioneer shall pay the Debtor a deposit of 10% upon execution of the agreement with the Auctioneer, which shall be credited to the Guarantee Price. The balance of the Guarantee Price shall be paid to the Debtor the day before the Auction. (b) The Auctioneer shall conduct a public auction of the Equipment, free and clear of any liens, claims, interests and encumbrances, on location at the Facility approximately six (6) weeks following Court approval, on a date to be determined. The Equipment shall be sold "as is, where is," with all faults, and without any representation or warranty whatsoever. The Auctioneer shall be granted access to the Facility to conduct the Auction. (c) The Auctioneer shall retain the first $600, of Auction proceeds as reimbursement of the Guarantee Price and the next $50, of Auction proceeds to offset Auction expenses advanced by the Auctioneer. All Auction proceeds in excess of $650, (exclusive of buyer s premium and sales tax) shall be split 90% to the Debtor and 10% to Auctioneer. The Debtor s share shall be paid 14 business days following the Auction. (d) The Auctioneer shall charge and collect sales and use taxes to Auction buyers, where applicable, unless Auction buyers present a tax exempt DOCSDE: /001 3

5 Case BLS Doc 241 Filed 02/21/13 Page 5 of 10 certificate. The Auctioneer will be authorized to file all applicable sales and use tax and to remit the funds collected at the sale for such taxes to the appropriate taxing authority. (e) Buyer s Premium is compensation for the services provided under this Agreement. The Auctioneer shall charge and retain a 15% buyer s premium for each item sold onsite and an 18% buyer s premium for each item sold online. Basis for Relief A. Applicable Legal Standards for Auction and Sale Procedures 10. Section 363(b)(1) of the Bankruptcy Code provides, in relevant part, that a debtor in possession, "after notice and a hearing, may use, sell, or lease, other than in the ordinary course of business, property of the estate." 11 U.S.C. 363(b)(1). Section 363(b) does not set forth a standard for determining when it is appropriate for a court to authorize the disposition of a debtor s assets prior to confirmation of a plan. However, courts in this Circuit and others have required that the decision to sell assets outside the ordinary course of business be based upon a debtor s sound business judgment. See In re Martin, 911 F.3d 389, 395 (3d Cir. 1996); In re Lionel Corp., 722 F.2d 1063, 1071 (2d Cir. 1983); In re Delaware & Hudson Ry. Co., 124 B.R. 169, (D. Del, 1991); In re Trans World Airlines Inc., No, , 2001 Bankr. LEXIS 980, at *29 (Bankr. D. Del. Apr, 2, 2001). 11. In structuring bidding procedures, auctions and sales pursuant to section 363(b) of the Bankruptcy Code, a debtor has broad discretion to construct a transaction that, in its business judgment, will deliver the most value to the entire estate, including its creditors and DOCSDE: /001

6 Case BLS Doc 241 Filed 02/21/13 Page 6 of 10 all stakeholders. See In re Quality Stores, Inc., 272 B.R. 643, 647 (Bankr. W.D. Mich. 2002) (noting that debtors have "wide business discretion" in selling assets under section 363); In re Wilson Freight Co., 30 B.R. 971, 975 (Bankr. S.D.N.Y. 1983) (in approving a debtor s right to set a minimum price threshold at an auction conducted pursuant to section 363(b), the court noted that "the Code grants the debtor substantial discretion as to the method of conducting the sale and as to negotiating and obtaining bids."); see also In re Williams, 152 B.R. 123, 127 (Banks. N.D. Tex. 1992) (holding that a debtor in possession has fiduciary obligations to the entire estate). 12. Section 105(a) of the Bankruptcy Code provides a bankruptcy court with broad powers in the administration of a case under title 11. Section 105(a) provides that "[t]he court may issue any order, process, or judgment that is necessary or appropriate to carry out the provisions of [title 11]." 11 U.S.C. 105(a). Provided that a bankruptcy court does not employ its equitable powers to achieve a result not contemplated by the Bankruptcy Code, the exercise of its section 105(a) power is proper. See In re Fesco Plastics Corp., 996 F.2d 152, 154 (7th Cir. 1993); In re Pincus, 280 B.R. 303, 312 (Bank. S.D.N.Y. 2002). Pursuant to section 105(a), a court may fashion an order or decree that helps preserve or protect the value of a debtor s assets. See, e.g., In re Chinichian, 784 F. 2d 1440, 1443 (9th Cir. 1986) ("Section 105 sets out the power of the bankruptcy court to fashion orders as necessary pursuant to the purposes of the Bankruptcy Code."); In re Cooper Props. Liquidating Trust, Inc., 61 B.R. 531, 537 (Bankr. W.D. Tenn. 1986) (noting that bankruptcy court is "one of equity and as such it has a duty to protect whatever equities a debtor may have in property for the benefit of its creditors as long as that protection is implemented in a manner consistent with the bankruptcy laws."). DOCSDE: /001

7 Case BLS Doc 241 Filed 02/21/13 Page 7 of Section 506(c) of the Bankruptcy Code contemplates that a debtor in possession may recover from property securing an allowed secured claim the reasonable, necessary costs of preserving, or disposing of such property to the extent of any benefit to the holder of the claim. 14. Section 554(a) of the Bankruptcy Code provides that a debtor in possession may abandon any property of the estate that is burdensome to the estate or that is of inconsequential value and benefit to the estate. B. The Auction and Sale Procedures Should Be Approved: A "Sound Business Purpose" Justifies the Auction and the Sale of the Equipment 15. The Debtor submits that the Auction and sale procedures set forth herein are a sound exercise of its business judgment, which is in the best interests of its estate and all parties in interest. The Debtor has terminated operations and believes that the best mechanism for maximizing the value of the Equipment is through a public auction. The procedures for the Auction summarized herein would allow the Debtor, with the assistance of the Auctioneer, to expeditiously liquidate the Equipment in the most efficient and cost-effective manner. The proposed Auction also will minimize risk to the estate given that the Auctioneer has guaranteed a return of at least $600,000 to the Debtor. Accordingly, the Debtor submits that the Auction is a sound exercise of its business judgment. 16. Further, the Debtor seeks to use the proceeds of the auction to satisfy expenses specifically relating to the sale of the Equipment, including utilities, rent, taxes and insurance. Such expenses are necessary costs that will have the effect of maximizing value from the Auction for the benefit of BFG, which asserts a lien in the Equipment. DOCSDE: /001

8 Case BLS Doc 241 Filed 02/21/13 Page 8 of To the extent that any of the Equipment is not sold at the Auction, the Debtor requests authority to abandon it. Any such Equipment would be a continuing burden on the estate and of inconsequential value of benefit to the estate because such Equipment cannot be sold and would require the estate to incur costs associated with moving, storing, and potentially insuring such Equipment. C. The Sale of the Equipment on a Free and Clear Basis Satisfies the Requirements of Section 363(f) of the Bankruptcy Code 18. Under section 363(f) of the Bankruptcy Code, a debtor in possession may sell all or any part of its property free and clear of any and all liens, claims or interests in such property if- (i) (ii) (iii) (iv) (v) such a sale is permitted under applicable non-bankruptcy law; the party asserting such a lien, claim or interest consents to such sale; the interest is a lien and the purchase price for the property is greater than the aggregate amount of all liens on the property; the interest is the subject of a bonafide dispute; or the party asserting the lien, claim or interest could be compelled, in a legal or equitable proceeding, to accept a money satisfaction for such interest. See 11 U.S.C. 363(1); Citicorp Homeowners Services, Inc. v. Elliot (In re Elliot), 94 B.R. 343, 345 (ED. Pa. 1988) (noting that section 363(f) is written in the disjunctive; therefore, a court may approve a sale "free and clear" provided at least one of the subsections is met). 19. Any secured creditor, including BFG, that fails to object to the Auction procedures proposed herein can be deemed by the Court to have consented thereto. Further, DOCSDE: /001 7

9 Case BLS Doc 241 Filed 02/21/13 Page 9 of 10 BFG s interests in the Equipment are adequately protected because such interests will attach with the same priority, enforceability and validity to any proceeds of sale. D. Relief From the Fourteen Day Waiting Period Under Bankruptcy Rule 6004(h) is Appropriate 20. Bankruptcy Rule 6004(h) provides that an "order authorizing the use, sale, or lease of property is stayed until the expiration of 14 days after entry of the order, unless the court orders otherwise." The Debtor requests that the order approving this Motion be effective immediately by providing that the fourteen day stay under Bankruptcy Rule 6004(h) is waived. any other Court. 21. No previous request for the relief sought herein has been made to this or Notice 22. Notice of this Motion has been or will be given to the following parties or, in lieu thereof, to their counsel, if known: (a) the Office of the United States Trustee; (b) the Debtor s prepetition secured lenders; (c) the Official Committee of Unsecured Creditors of Revstone; and (d) all parties who have timely filed requests for notice under Rule 2002 of the Federal Rules of Bankruptcy Procedure. The Debtor submits that, in light of the nature of the relief requested, no other or further notice need be given. DOCSDE: /001

10 Case BLS Doc 241 Filed 02/21/13 Page 10 of 10 WHEREFORE, the Debtor respectfully requests that the Court enter an order, substantially in the form annexed hereto as Exhibit A, (a) authorizing the Debtor to conduct the Auction for the Equipment pursuant to the procedures summarized herein; (b) authorizing the sale of the Equipment to the successful bidder(s) at the Auction free and clear of all encumbrances; and (c) granting such other and further relief as the Court deems just and proper. Dated: February 7,1, 2013 PACHU).8K1 STANG ZIEHL & JONES LLP Jil Laura Davis Jones (Bar No. 2436) Alan J. Kornfeld (CA Bar No ) Maxim B. Litvak (CA Bar No ) Timothy Cairns (Bar No. 4228) 919 North Market Street, 17 th Floor P.O. Box 8705 Wilmington, DE (Courier 19801) Telephone: (302) Facsimile: (302) [Proposed] Counsel for US Tool & Engineering, LLC DOCSDE: /001

11 Case BLS Doc Filed 02/21/13 Page 1 of 4 EXHIBIT A

12 Case BLS Doc Filed 02/21/13 Page 2 of 4 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: ) Chapter 11 ) REVSTONE INDUSTRIES, LLC, et al., ) Case No Debtors. ) ) (Jointly Administered) ORDER GRANTING MOTION OF US TOOL & ENGINEERING, LLC PURSUANT TO SECTIONS 105(a) AND 363 OF THE BANKRUPTCY CODE AND AUTHORIZING DEBTOR TO (A) CONDUCT AUCTION FOR PERSONAL PROPERTY ASSETS, AND (B) SELL SUCH ASSETS TO THE SUCCESSFUL BIDDERS AT AN AUCTION FREE AND CLEAR OF ALL ENCUMBRANCES This matter having come before the Court on the Motion of US Tool & Engineering, LLC Pursuant to Sections 105(a) and 363 of the Bankruptcy Code For Authority to (A) Conduct an Auction for Personal Property Assets, and (B) Sell Assets to the Successful Bidders at an Auction Free and Clear ofall Encumbrances (the "Motion"), 2 filed by the Debtor; the Court having reviewed the Motion; the Court finding that (a) the Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and 1334, (b) this is a core proceeding pursuant to 28 U.S.C. 157(b)(2), (c) notice of the Motion was sufficient under the circumstances, (d) the Auction and the procedures for the sale of the Equipment pursuant to the terms of the Motion are in the best interests of the Debtor and its estate and creditors, and (e) any objections to the Motion or the relief requested therein having been withdrawn, resolved or overruled; and the Court having determined that the legal and factual bases set forth in the Motion establish just The Debtors in these Chapter 11 Cases and the last four digits of each Debtor s federal tax identification numbers are: Revstone Industries, LLC (7222); Spara, LLC (6613); Greenwood Forgings, LLC (9285); and US Tool & Engineering, LLC (6450). The location of the Debtors headquarters and the service address for each of the Debtors is 2250 Thunderstick Dr., Suite 1203, Lexington, KY Unless otherwise noted, capitalized terms used herein have the meanings ascribed in the Motion. DOCS_DE: /001

13 Case BLS Doc Filed 02/21/13 Page 3 of 4 cause for the relief granted herein; and after due deliberation and sufficient cause appearing therefor, NOW, THEREFORE, IT IS HEREBY ORDERED THAT: 1. The relief requested in the Motion is GRANTED. 2. To facilitate the Auction, the following procedures are approved: (a) The Auctioneer shall guarantee the Debtor the sum of $600, (the "Guarantee Price"). The Auctioneer shall pay the Debtor a deposit of 10% upon execution of the agreement with the Auctioneer, which shall be credited to the Guarantee Price. The balance of the Guarantee Price shall be paid to the Debtor the day before the Auction. (b) The Auctioneer shall conduct a public auction of the Equipment, free and clear of any liens, claims, interests and encumbrances, on location at the Facility approximately six (6) weeks following Court approval, on a date to be determined. The Equipment shall be sold "as is, where is," with all faults, and without any representation or warranty whatsoever. The Auctioneer shall be granted access to the Facility to conduct the Auction. (c) The Auctioneer shall retain the first $600, of Auction proceeds as reimbursement of the Guarantee Price and the next $50, of Auction proceeds to offset Auction expenses advanced by the Auctioneer. All Auction proceeds in excess of $650, (exclusive of buyer s premium and sales tax) shall be split 90% to the Debtor and 10% to Auctioneer. The Debtor s share shall be paid 14 business days following the Auction. DOCSDE: /001 2

14 Case BLS Doc Filed 02/21/13 Page 4 of 4 (d) The Auctioneer shall charge and collect sales and use taxes to Auction buyers, where applicable, unless Auction buyers present a tax exempt certificate. The Auctioneer will be authorized to file all applicable sales and use tax and to remit the funds collected at the sale for such taxes to the appropriate taxing authority. (e) Buyer s Premium is compensation for the services provided under this Agreement. The Auctioneer shall charge and retain a 15% buyer s premium for each item sold onsite and an 18% buyer s premium for each item sold online. 3. The Debtor is authorized use the proceeds of the Auction to satisfy expenses specifically relating to the sale of the Equipment, including utilities, rent, taxes and insurance, pursuant to sections 363 and 506 of the Bankruptcy Code. 4. The Debtor is authorized to abandon any of the Equipment that cannot be sold at the Auction pursuant to section 554 of the Bankruptcy Code. 5. Notwithstanding the possible applicability of Bankruptcy Rules 6004(h), 7062, 9014 or otherwise, the terms and conditions of this order shall be immediately effective and enforceable upon its entry. 6. This Court shall retain jurisdiction over any and all issues arising from or related to the implementation and interpretation of this Order. Dated: Honorable Brendan L. Shannon United States Bankruptcy Judge DOCSDE: /001 3

15 Case BLS Doc Filed 02/21/13 Page 1 of 4 EXHIBIT B I\DOCS_LA:

16 Case BLS Doc Filed 02/21/13 Page 2 of 4 US TOOL & ENGINEERING, LLC EQUIPMENT LIST EXHIBIT "A" 1. OKK MODEL VM-7 CNC VERTICAL MACHINING CENTER, SIN 225 (MA64270), (2002) 2. OKK MODEL VMS-2 CNC VERTICAL MACHINING CENTER, SIN 861 (MA60806), (2002) 3. AWEA MODEL SP2016 CNC BRIDGE TYPE VERTICAL MACHINING CENTER, SIN 5744, (2005) 4. SHARPE VERTICAL MILLING MACHINE, SIN STERLING DRILL POINTER, SIN DC40579, (1996) 6. ACER MODEL AGS-618 6" X 18" HAND FEED SURFACE GRINDER, SIN , (1997) 7. REID MODEL " X 18" HAND FEED SURFACE GRINDER, SIN 20350, (1975) 8 GRAND RAPIDS MODEL 556 HYDRAULIC SURFACE GRINDER, SIN BLANCHARD MODEL NO. 18 ROTARY SURFACE GRINDER, SIN DOALL MODEL C-57 HORIZONTAL BAND SAW, SIN N/A 11. ROLL-IN BAND SAW, SIN N/A 12. CARLTON RADIAL ARM DRILL, SIN 3A FOSDICK DRILL PRESS, SIN N/A 14. FLOOR STANDING DRILL PRESS 15. TOLEDO 350-TON STRAIGHT SIDE DOUBLE CRANK PRESS 16. HAMILTON MODEL TON STRAIGHT SIDE DOUBLE CRANK PRESS 17. BLISS MODEL TON STRAIGHT SIDE DOUBLE CRANK PRESS 18. MILLER MODEL CP-200 MIG WELDER Page lof3 2114/2013

17 Case BLS Doc Filed 02/21/13 Page 3 of 4 US TOOL & ENGINEERING, LLC EQUIPMENT LIST EXHIBIT "A" 19. HYSTER MODEL SI5OA 15,000# FORKLIFT, SIN A P 20. MILLER MODEL SPECTRUM 625 PLASMA CUTTER 21. MILLER MODEL 330 AMP WELDER 22. MILLER MODEL CP-250-TS WELDER 23.MITSUBISHI MODEL FA-IOM WIRE EDM, SIN 51A1M MITSUBISHI MODEL FA-10A WIRE EDM, SIN 03A1M ZEISS MODEL WMM850 CNC CMM, SIN WILSON MODLE 4JRBB ROCKWELL HARDNESS 1,000 1,250 TESTER, SIN 4JRBB MANUFACTURER UNKNOWN 5-TON DOUBLE GIRDER UNDERSLUNG BRIDGE CRANE 28. MICHIGAN CRANE & CONVEYOR 15-TON DOUBLE GIRDER TOP RUNNING BRIDGE CRANE 29. MANUFACTURER UNKNOWN 15-TON DOUBLE GIRDER TOP RUNNING BRIDGE CRANE 30.ROBBINS & MEYERS 5-TON SINGLE GIRDER UNDERSLUNG BRIDGE CRANE 31.(7) BUDGET 2-TON SINGLE GIRDER UNDERSLUNG ELECTRIC CHAIN HOISTS 32.(4) BUDGET 1-TON SINGLE GIRDER UNDERSLUNG ELECTRIC CHAIN HOISTS 33. KALAMAZOO COMBINATION 12" DISC/6" BELT SANDER, SIN UNKNOWN 34. (LOT) MISCELLANEOUS, TO INCLUDE: WORKBENCHES, TABLES, STANDS, SAW HORSES, CARTS, STEEL SHELVES, DESKS, CHAIRS, STOOLS, MACHINE VISES, BENCH VISES, PRECISION VISES, PARALLELS, SET-UP BLOCKS, V-BLOCKS, ANGLE PLATES, SURFACE PLATES, TOOL HOLDERS, CHUCKS, COLLETS, CLAMPS, 6" BELT SANDER, HAND TOOLS, ELECTRIC HAND TOOLS, Page 2 of 3 2/14/2013

18 Case BLS Doc Filed 02/21/13 Page 4 of 4 US TOOL & ENGINEERING, LLC EQUIPMENT LIST EXHIBIT "A" PNEUMATIC HAND TOOLS, INSPECTION GAGES AND TOOLS, HEIGHT GAUGES, CALIPERS, CHAINS, SLINGS, HOOKS, ARBOR PRESSES, BARRELS, HOPPERS, ETC. 35.GROB MODEL NS VERTICAL BAND SAW 36.QUINCY MODEL QSB40AOA32SR 40-HP ROTARY SCREW AIR COMPRESSOR, SIN 92244J, W/ HANKISON C0170 AIR DRYER, SIN 0322A LOT OF OFFICE FURNITUREDESKS, TABLES, CHAIRS, SAFE, BUSINESS MACHINES, MISCELLANEOUS CONTENTS OF OFFICE AREA 38. KIA MODEL #KV25P CNC PALLET TYPE MACHINING CENTER, SIN KV KIWA KH-45, SIN JB4721, (2005) 40.FADAL VMC 6030, SIN 11929, (2001) 41.DAKE DRILL PRESS 42. BELT SANDER 43. GLASS BEAD CABINET 44. LEBLOND ENGINE LATHE 45. WELLS BAND SAW, SIN MITSUBISHI WATERJET SUPREMA, SIN 29012, (2009) 47.K&TMILL 48.ACER MILLING MACHINE (1998) 49.MIKUNI HOLE POPPER EDM S1100, SIN 1088, (2005) 50. HARDING TURRET LATHE Page 3 of 3 2/14/2013