Title
Added Starter 7R3-d (as) 120810
Dept/ Agency: Economic & Housing Development
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Public Real Estate Auction
Purpose: Accept bids and execute quit claim deeds for properties sold at public auction on November 18, 2010; and correct a typographical error in Conditions of Sale, item #6.
Entity Name/Address: Refer to Resolution, Exhibit A
Sale Amount: $1,507,190.00
Cost Basis: (X ) $12.00 PSF ( ) Negotiated ( ) N/A (X) Other: 1/4 of Annual Property Tax
Assessed Amount: N/A
Appraised Amount: N/A
Contract Period: N/A
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a
List of Property: Refer to Resolution, Exhibit A
Additional Information: *$12.00/PLF and 1/4 Annual Property Tax amounts are refundable deposits held in escrow to insure purchasers comply with the Conditions of Sale.