07-10-2013 Additions - Laserfiche WebLink

Home Browse Search

INVITATION TO BID The City of Little Canada will be accepting sealed bids until 4:00 p.m. on Tuesday, August 27, 2013 at Little Canada City Hall (front counter) located at 515 Little Canada Road, East, Little Canada, MN 55117 for the real property (vacant land only) located at 3046 Labore Road and legally described as follows: The north 121 42/100 feet of the south 619 75/100 feet of that Part of the Northeast %a of the NW /< lying easterly of Labore Road, except the xx east feet thereof, in Section 4, Township 29, Range 22, Little Canada, Ramsey County, Minnesota. Prior the bid date, the existing structures on the property will be demolished. Any known wells on the property will be properly sealed. The successful bidder will be purchasing land only in "as is" condition. The lot is approximately x.xa acres in size and has been reduced from the 2.78 acres noted in the Ramsey County tax records as indicated on the sketch attached hereto. The City will be retaining a portion of the wetland area (approximately the east xx feet of the property) for future park/trail purposes. This property is in the R -1 (single family residential) zoning district. Ramsey County has valued the land at $153,100 for pay 2014 property taxes. The total estimated market value for pay 2014 taxes is $183,500. With City ownership, the property has been exempt from real estate taxes. This property is being offered for sale subject to the following conditions: 1.) 10% bid security in the form of a certified check, money order, or cash in the amount of 10% of the bid price. This security deposit is to be submitted with the Bid Form included with this document. The successful bidder will forfeit this amount should he /she not proceed to and complete a closing on the property. 2.) Constructing a new home on the property with an estimated market value of at least $350,000 as determined by the valuation determination process associated with the building permit application process. It is further understood that the new home must be ready for occupancy as evidenced by the City's issuance of a "Certificate of Occupancy" in compliance with the Minnesota Building code and the building permit /construction process by no later than Ju €a,. 1, 2015. The establishment of a yard and the construction of a paved driveway must also be completed by that date. 3.) Upon closing, the successful bidder agrees to maintain the property free of any and all nuisances and to keep the grass mowed below eight inches in height. 4.) Entering into a purchase agreement within five (5) days of award of the property to the successful bidder by the City Council. The form of the purchase agreement is attached hereto.