City Owned Property For Sale
CITY AND BOROUGH OF WRANGELL
City Owned Property
FOR SALE
In conformance with WMC 16.12 and approved by Resolution No. 06-21-1592, the Borough is offering for sale, the City Owned Property (Building and Land), listed below, on the Public Surplus Website:https://www.publicsurplus.com/sms/wrangell,ak/browse/cataucs?catid=15
Property Description: Lot 5, Block 59A, Industrial Subdivision (Amended Plat), Plat No. 85-8, Wrangell Recording District (more commonly known as the Armory Property)
The building with property shall be available for bidding on the Public Surplus Site for not less than 30 days, specifically starting on June 25, 2021, and closing on July 30, 2021, ADT at 3:00pm.
Bidders’ registration and fee required in advance of the online auction on the Public Surplus Website.
Bidders’ registration and fee required in advance of the online auction on the Public Surplus Website.
On the Public Surplus Site, please be sure to read through the Terms & Conditions thoroughly. You will be required to accept those Terms & Conditions before bidding.
Payment explanation:
To bid, you will be required to pay a $500.00 pre-bid deposit to Public Surplus, using your credit card.
If you are the successful bidder, a 5% buyers premium will be added to the final bid price. You will be required to:
- Pay a 20% down payment and sign a Purchase Agreement within 3 (three) days of receiving your notice of winning bid; and
- Pay the remaining 80% within 60 (sixty) days of receiving your notice of winning bid.
Once you have paid the full amount, your $500.00 pre-bid deposit will be refunded to you.
