NOTICE OF SALE BY BIDS AND BID FORM

St. Michael’s Roman Catholic Church intends to sell the real property located at 1902 1^st Ave. North, Grand Forks, ND by sealed bids.   All bids should be delivered to the law office of Shaft, Reis & Shaft, Ltd., 2850 24^th Ave. South, Suite 302, Grand Forks, ND (Gate City Bank building) no later than 5:00 p.m. on Monday, May 21, 2012. This bid form must be submitted in a sealed envelope with the following completed information and the bidder’s signature below:

Bidder’s Name: _____________________________________________________________

Bidder’s Address: ___________________________________________________________

Bidder’s Phone and Fax: _____________________________________________________

Amount of Bid: $____________________ (Minimum Bid $44,900)

The Terms & Conditions of Sale are as follows:

The real estate listed above is being sold “as is” without warranties of any kind. 

The top four (4) bidders will be notified on or before 5:00 pm on Tuesday, May 22, 2012, and invited to raise their bid at an oral bid-off.  The top four (4) bidders will be advised of the date, time and location of the bid-off at the time of the notification.  At closing of bid-off, highest bidder will execute a Purchase Agreement and submit a Deposit of $2,000.  In addition to the highest bid price, the purchaser will be responsible for one half of the cost of closing in the amount of $350.00.  Purchaser will be responsible for all 2012 real estate taxes and any installments of special assessments.  The Purchaser will assume the uncertified balance of special assessments. The property will be conveyed by Special Warranty Deed and an owner’s title insurance policy will be issued to the purchaser.  Closing will take place as soon as purchaser is ready to close, but in no event later than June 21, 2012.

St. Michael’s Roman Catholic Church reserves the right to reject any and all bids, to waive irregularities in bids, and to modify the manner of the sale in any particular whatsoever.

By signing below bidder acknowledges receipt of the above terms and conditions.

Date Submitted: _______________________________, 2012

________________________________________________

Bidder Signature/Title

The property will be available for inspection the following dates:

• Monday, May 7, 6:30-7:30 pm
• Wednesday, May 9, 6:30-7:30 pm
• Monday, May 14, 6:30-7:30 pm
• Tuesday, May 15, 3:00-4:00 pm

http://stmichaelsgf.com/files/pdf/parish/St._Michael's_NOTICE_OF_SALE_BY_BIDS_AND_BID.pdf