Denton Ionwave #9130-006 Addendum 1

Sale of Surplus Real Property at 709 S. Locust St, Denton, TX

This opportunity involves the sale of surplus real property managed by the City of Denton Purchasing Department. - Government Buyer: - City of Denton Purchasing Department - Drainage Department manages the property - Property Details: - 709 S. Locust St, Denton, TX - 0.46 acres, BLOUNT BLK B LOT 5, DCAD Tract 26978 - 2024 appraised value: $240,000 - Zoned PF (Public Facilities) - Sold strictly AS-IS, WHERE-IS - Subject to all existing easements, restrictions, and zoning requirements - City retains underground stormwater drainage easement on part of the tract - Sale Requirements: - Conveyance by Special Warranty Deed - Buyer responsible for due diligence, closing costs, and compliance with regulations - Proof of funds required - Only one bid per property per bidder - Final award subject to City Council approval - Submission Process: - Bids accepted via Ion Wave system or hard copy - Sealed bid purchase offer agreement required - Notable Requirements: - No title policy provided - Buyer must remit full purchase price within 14 days of notification - Closing to occur within 30 days of City Council acceptance - Acceptance period for submissions is 120 days from bid opening - Highest responsive and responsible bid wins - No OEMs or vendors are involved as this is a real property sale, not a product or service procurement.

Description

This solicitation is for the sale of surplus property located at 709 S. Locust St, Denton, TX. The City of Denton is accepting sealed bids for this property through its Ion Wave system or hard copy submissions. Bidders must submit one bid per property, complete all required forms and attachments, and comply with all submission requirements. The property is sold AS-IS, WHERE-IS, subject to all conditions, restrictions, easements, zoning requirements, and other matters affecting title or use. The final award is subject to City Council approval, and the City reserves the right to reject any or all bids.

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