08-28-2013 Council Agenda - Laserfiche WebLink

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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 1/4 of the NW ' lying easterly of Lahore Road, in Section 4, Township 29, Range 22, Little Canada, Ramsey County, Minnesota; subject to a trail easement over the east 50 feet thereof. 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 2.78 acres in size according to Ramsey County Property Records (see aerial photo attached). The City will be retaining an easement of the east 50 feet of this 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.) A 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. All deposits of non- successful bidders will be returned within 10 days of closing on the transaction or rejection of all bids by the City. 2.) Construction a new home on the property with an estimated market value of at least $350,000 (land and building) with the land value determined based on the bid amount and the building valuation done in association with 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 July 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 seven inches in height. 2