Sale of Real Property at Tegner and Palm Drive

Property Information: The Town of Wickenburg currently owns vacant property at the corner of Tegner Street and Palm Drive in Wickenburg Arizona (Parcel Numbers 505-09-048F and 505-09-048H). Copies of the Title Report from September 2018 and other property reports are available with the bid documents at www.wickenburgaz.org/bids. The Town of Wickenburg currently owns vacant property at the corner of Tegner Street and Palm Drive in Wickenburg Arizona. This is further described as Maricopa County Assessor’s Parcel Numbers 505-09-048F and 505-09-048H. The Town is interested in bids to sell this real property to the highest bidder. The real property size is 1.2 acres of vacant land. The property is zoned C-3 Commercial. The property has access to municipal water, sewer, and electricity. The minimum bid is $217,210.00. The apparent highest bidder will be expected to sign the Real Estate Purchase Contract and open escrow by Friday, December 13, 2019 with a deposit of earnest money of ten percent (10%) of the Purchase Price. The Close of Escrow shall occur on or before 30 days from the Town of Wickenburg Council approval, estimated to be December 16, 2019. The documents regarding this property include the following: • Appraisal from September 2018 for $203,000 • Environmental – Phase 1 • Legal Description • Title Report from September 2018 The selected bidder shall be required to submit building plans to the Town of Wickenburg and pay building permit and plan review fees. The selected bidder shall pay all fees associated with the transfer of the real property, including, but not limited to, title, closing, and other administrative