Advertisement

Ad promo image large
  • Published Date

    November 7, 2019
    This ad was originally published on this date and may contain an offer that is no longer valid. To learn more about this business and its most recent offers, click here.

Ad Text

The City of Hillsboro, IA is accepting closed bids on the property located at 104 N. Benbow St., Hillsboro, IA. Legal description is: Parcel ID: 480103015400100 Alternate ID: 101239000 Sec/Twp/Rng: 0-0-0 Brief Legal Description: COX 1ST LOTS 6-7-8 BLK 4 Closed bids may be submitted in writing by mail or in person at the office of City Clerk: Hillsboro City Hall Attn: Benbow Property PO Box 133 Hillsboro, lowa 52630 before 5:00 on Monday, November 11, 2019. Conditions that are included in the sale of said real property are: Buyer must provide a bank letter of credit with bid. Buyer will enter into a development agreement with the City of Hillsboro that the property will be developed within two (2) years from purchase date. A $500 per day penalty will be assessed against buyer for violation of development agreement. Buyer will make a 10% earmest money payment within three (3) business days from date offer is accepted. Funds will be held by Becker Law Office until date of closing. Buyer will pay to have abstract updated and will pay all costs of closing including publication fees and costs associated with sale by a public entity. Seller to provide a Quit Claim Deed to the buyer upon payment of purchase price and fees at closing. City reserves the right to reject all offers on said property. Please contact Hillsboro City Hall with questions: 319-253-4465 The City of Hillsboro, IA is accepting closed bids on the property located at 104 N. Benbow St., Hillsboro, IA. Legal description is: Parcel ID: 480103015400100 Alternate ID: 101239000 Sec/Twp/Rng: 0-0-0 Brief Legal Description: COX 1ST LOTS 6-7-8 BLK 4 Closed bids may be submitted in writing by mail or in person at the office of City Clerk: Hillsboro City Hall Attn: Benbow Property PO Box 133 Hillsboro, lowa 52630 before 5:00 on Monday, November 11, 2019. Conditions that are included in the sale of said real property are: Buyer must provide a bank letter of credit with bid. Buyer will enter into a development agreement with the City of Hillsboro that the property will be developed within two (2) years from purchase date. A $500 per day penalty will be assessed against buyer for violation of development agreement. Buyer will make a 10% earmest money payment within three (3) business days from date offer is accepted. Funds will be held by Becker Law Office until date of closing. Buyer will pay to have abstract updated and will pay all costs of closing including publication fees and costs associated with sale by a public entity. Seller to provide a Quit Claim Deed to the buyer upon payment of purchase price and fees at closing. City reserves the right to reject all offers on said property. Please contact Hillsboro City Hall with questions: 319-253-4465