Request for offer on Gust Erickson Road property

REQUEST FOR OFFER

DESCRIPTION:

The City of Hibbing is seeking to sell real property located in the City of Hibbing on Gust Erickson Road legally described as follows:

Parcel Code: 141-0040-02320

SW 1/4 of SW 1/4, Section 12, Township 56, Range 21

to the highest bidder. (The City reserves the right to reject all offers.)

DEADLINE AND REQUIREMENTS FOR SUBMITTING OFFERS:

Offers must be received at the address shown below on or before Feb. 28, 2025 at 12:00 p.m.

POINT OF CONTACT:

Betsy Olivanti

Community Development Director

City of Hibbing

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Phone No.: 218-312-1579

REQUEST FOR OFFERS ADDRESS:

Betsy Olivanti

Community Development Director

City of Hibbing

401 East 21st Street

Hibbing, Minnesota 55746

Requests for offers may be submitted by email to

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NUMBER OF OFFERS REQUIRED:

Mail in one (1) original Purchase Agreement with three (3) copies in a sealed envelope.

PROPOSAL FORMAT:

Submit a Purchase Agreement in the proposal signed by the bidder either as an individual or on behalf of an entity.

1) Offer must be a full cash offer (no contracts for deed).

2) Offer must have a closing date within 30 to 60 days of proposal opening.

3) Offer must accept that real property taxes for the year of closing (2025) shall be prorated to the time of closing.

4) Offer must accept that special assessments, if any, shall be prorated to the time of closing.

5) Offer must recognize that possession of the property shall be as of the date of closing.

6) Offer must for no less than Fifty-Five Thousand and No/100ths ($55,000.00)

* City reserves the right to reject all offers.

EVALUATION OF OFFERS AND AWARD:

The contract will be offered to the most qualified, highest, and eligible offer as determined by the selection committee, and the Hibbing City Council. Entities submitting offers may be investigated by the City of Hibbing or its designated representative to determine if they are qualified as an entity. The City of Hibbing reserves the right to reject any offer, if the Purchase Agreement submitted by or the subsequent investigation of said Purchase Agreement finds the offer fails to meet the Seller’s criteria.