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HomeMy WebLinkAboutBPW-09-21-94 PUBLIC AUCTIONBOARD OF PUBLIC WORKS PUBLIC HEARING/AUCTION OF CITY REAL ESTATE SEPTEMBER 21, 1994 4:30 P.M. CITY HALL/ONE CIVIC SQUARE/C OUNCIL CHAMBERS The meeting of the Carmel Board of Public Works was called to order by Mayor Ted Johnson. Member present was Steve Brown. Clerk- Treasurer Susan Jones and City Attorney Gordon Byers was also in attendance. Rick McKinney arrived late for the meeting and participated in the vote for the acceptance of the high bid for 11- 15 1st. Avenue. OPEN BIDS FOR CITY PROPERTIES AT 40 EAST MAIN STREET AND 11-15 The following bids were received, opened and FIRST AVENUE N.E.: read out loud: 40 East Main 11-15 1st Ave NE Frederick Vollrath $62,300 Kaiser Real Estate $61,000 $56,100 Keltner & Associates $56,071 Donn Gardner $56,100 Jim Burch $56,070 Mike Keen $70,000 Scott Culpepper $60,750 Stamp-Altman Associates $61,000 Jon Ogle $70,000 AUCTION FOR 40 EAST MAIN STREET: Gordon Byers then began the open auction. Each person or company that had submitted a written bid was given an opportunity to raise their bid through the auction process. Byers began with the 40 East Main property at the price of $70,000. After 6 rounds of biding the final bid taken was $105,000 with no contingencies from Stamp-Altman Associates. Byers stated Altman's written proposal was in compliance and that a certified check or cashiers check in the amount of 10% needed to be submitted to the clerk's office and would be held until the City Council gave their final approval. Steve Brown moved to accept the final bid of $105,000 from Stamp- Altman Associates with no contingencies and to accept the final sale of the property provided the City Council also approves the bid price. Mayor Johnson seconded the motion. All members voted aye. Motion carried. Byers warned Stamp-Altman Associates that the Council could reject the bid or could make certain stipulations and/or contingencies on the final sale. Altman stated they would consider any changes or stipulations as a counter offer and would then have the right to counter the Council's offer. Byers stated the final price could not be changed regardless of any contingencies the Council may place on the building. Byers stated to the bidders there AUCTION FOR 11-15 1ST AVENUE NE: were tenant's rights involved with this building and the building would have to be made available for election purposes on November 8th. Byers then began the open auction. Each person or company that had submitted a written bid was given an opportunity to raise their bid through the auction process. Byers began with the base auction price of $71,000. After 43 rounds of biding the final bid taken was $125,500 with no contingencies from Mike Keen. Byers stated Keen's written proposal was in compliance and that a certified check or cashiers check in the amount of 10% needed to be submitted to the clerk's office by the close of tomorrow's business and would be held until the City Council gave their final approval. Steve Brown moved to accept the final bid of $125,500 from Mike Keen with no contingencies and to accept the final sale of the property provided the City Council also approves the bid price. Mayor Johnson seconded the motion. All members voted aye. Motion carried. Byers again warned Keen that the Council could reject the bid or could make certain stipulations and/or contingencies on the final sale. Keen said he understood. Byers stated the final price could not be changed regardless of any changes or contingencies the Council may place on the building. A copy of the original bid proposals is attached to these minutes as a part of the permanent record. There being no further business before the Board the meeting was duly adjourned. Respectfully submitted, _________________________________ Approved, __________________________________ ATTEST: _____________________________