Denton Ionwave #9130-005 Addendum 1

Sale of Surplus Property at 702 S. Locust St, Denton, TX

This opportunity involves the sale of surplus real property by the City of Denton, Texas. - Government Buyer: - City of Denton, Purchasing Department, Materials Management - Contact: Christina Dormady - Property Details: - 702 S. Locust St., Denton, TX (DCAD Tract 33416, Blount Blk D Lot 1) - Approximately 0.3766 acres - Zoning: PF (Public Facilities) - Managed by the Drainage department - Sale Terms: - Property sold strictly 'AS IS, WHERE IS' - No title policy provided; buyer receives Special Warranty Deed - Subject to all existing easements, restrictions, and zoning requirements - No guarantees regarding zoning, permitting, or future governmental actions - Bid Submission Requirements: - One bid per property, submitted via Ion Wave system or hard copy - Required documents: Sealed Bid Purchase Offer Agreement, AS-IS acknowledgment, No-Title Policy Statement, Certification of No Debts Owed, Proof of Funds, Closing acknowledgment, Conflict-of-Interest Questionnaire - No faxed or emailed submissions accepted - Award & Payment: - Final award contingent on City Council approval - Successful bidder must remit full purchase price by cashier's check within 14 days of notification - Closing must occur within 30 days of City Council acceptance - Notable Requirements: - Bidders responsible for all due diligence - City reserves the right to reject any or all bids - No OEMs or commercial vendors involved; this is a real property sale.

Description

This solicitation is for the sale of surplus property located at 702 S. Locust St, Denton, Texas. The property is approximately 0.3766 acres and is managed by the Drainage department. Bidders must submit sealed bids through the City's Ion Wave system by the deadline of September 2, 2026, at 2:00 PM CT. The sale is subject to conditions including easements, zoning, and other title matters, and bidders are responsible for their own due diligence. The final award is subject to City Council approval, and the property is sold "AS IS, WHERE IS."

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