NOTICE FOR BIDS TO PURCHASE REAL ESTATE Notice is hereby given pursuant to IC36-1-11-4 by the Board of Public Works and Safety that it will receive bids for the sale and purchase of the following described real property situated in Boggs Industrial park, 420 Little League Drive, Warsaw, Indiana 46580. A tract of land in the southwest quarter of section 7, township 32 north, range 6 east, Wayne Township, Kosciusko County, Indiana, more particularly described as follows: Commencing (as described in the City of Warsaw Parks and Recreation Department, Document #200700007725) at the intersection of the west line of said section and the south line of the Checase Indiana Reserve; thence south along said west line, 778.5 feet; thence east, 2135 feet to a McCrea capped 5/8" pin; thence south 00 degrees 18" 38" east (basis on bearings established by Survey-grade GPS using the GNSS), 150.00 feet to a 1-1/2" pipe; thence south 00 degrees 18'38" east, 150.00 feet to a mag nail; thence south 89 degrees 4'59" west, 150.00 feet to a PK nail; thence north 00 degrees 18'38" west, 150.00 feet to the point of beginning, containing 0.52 acres more or less. Bids will be received from the date of the publication of this notice until 10:30 am local time on the 15th day of June, 2012. The bids will be opened at the time of receipt for public inspection. Bids should be clearly marked "Purchase of Boggs Property", on the outside of the envelope. No late bids will be accepted. Bids must include the proposed purchase price, name of purchaser, address and phone number. Bids may be submitted to the Clerk/Treasurer of the City of Warsaw during normal business hours. All bids will be open for public inspection. Questions regarding inspection of the property can be directed to the Parks Department, 372-9554, ext 221. The sale will be subject to the following conditions: 1. Seller will provide title insurance in the amount of the purchase price. 2. Seller may reject any bid. 3. Purchaser will be responsible for any property taxes assessed against the property for 2012 payable in 2013. 4. Purchaser will be responsible for the costs of any survey or inspections 5. If a Phase 1 environmental inspection is required by Purchaser or Purchaser's lender, the seller may void the contract at its discretion. If a Phase 1 inspection is conducted, the cost will be borne by the Purchaser. 6. Closing will be held within ten (10) days of receipt of title insurance by Purchaser. 7. If any redemption requirement is disclosed by a Phase 1 inspection, either party may void the contract at its discretion. 8. If a bid is accepted the parties will enter into a purchase agreement containing the conditions recited herein. 9. The sale will be concluded at the meeting of the Board of Works on the 15th day of June, 2012. 10. Purchaser must be an eligible bidder as defined by statute. 11. Bids by a tract must have all beneficiaries of the trust as well as the settlor with the power to revoke or modify the contract. Lynn Christiansen, Clerk/Treasurer City of Warsaw j1,8
