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E Dakota Avenue - Former Palm Lakes Golf Course, Fresno, CA
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E Dakota Avenue - Former Palm Lakes Golf Course
Fresno, CA 93727 - Airport Submarket
For Sale Price:
APN # 493-020-28ST
Vacant former golf course property
Planned Land Use: light industrial
This property is being offered through: AUCTION
*** NOTE: Auction will be held at 1:30 PM on Wednesday, September 21, 2016 in Fresno City Hall Meeting Room A (2165). Sealed bids will be due to the Fresno City Clerk no later than 5 pm Tuesday, September 20, 2016.
TERMS: The reserve (minimum bid) price for the Property shall be not less than fair market value established by an appraisal. Purchase price shall be all cash at closing, no seller financing.
GENERAL PROCEDURES: Written bids will be submitted to the City Clerk' s Office no later than 5 pm one business day prior to the auction in a sealed envelope labeled with the Assessor Parcel Number(s) with a certified or cashier' s check in the sum of 5% of the reserve price payable to the Successor Agency.
Upon opening the bids, the City Clerk will call for oral bids. All oral bidders who have not made a deposit must present a certified or cashier' s check in the sum of 5% of the reserve price prior to making a bid. The starting oral bid must be at least 5% over the highest written bid accepted. All unsuccessful bidders will have checks returned by the City Clerk at completion of bidding.
The deposit by the successful bidder is nonrefundable. The successful bidder will pay the entire remaining balance of the purchase amount within 15 days after acceptance of the highest bid. In the event the successful bidder cannot meet the requirements and deadlines of the sale, the bidder forfeits the deposit. This property is being sold AS IS and subject to the execution of a Purchase and Sale Agreement (see attachment).
Bidders who wish to bid on multiple parcels must submit a separate bid for each parcel. See attached PROPERTY DISPOSITION GUIDELINES for more information and visit our website at: <
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Redevelopment Agency of the City of Fresno
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(559) 621-7600 x7603
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