The City will sell by auction a 12.69-acre property located off Eileen Road on August 23,2023 at city Hall at 5:30pm. All those interested in this property can view the auction information below or may contact City Hall with any questions.
NOTICE OF PUBLIC AUCTION
NOTICE IS HEREBY GIVEN: Pursuant to Idaho Code §50-1403, the City Council intends to sell at public auction to the highest bidder, a 12.69-acre tract of land which is approximately ¾ of a mile north of Highway 2, off Eileen Road, and can be more specifically described as:
A 12.69-acre tract of land located in Section 11, Township 62N, Range 2E, located west of the Burlington Northern Sante Fe railroad right-of-way and East of Eileen Road. Also known as a 12.69-acre tract of Assessor parcel number RP62N02E112410A.
The public auction will be held on August 23, 2023, at 5:30, within Council Chambers at 7232 Main Street, Bonners Ferry.
Any member of the public who wishes to bid on said property is required to be present on the date of the auction.
The Council reserves the right to reject any bid which may be made for a lesser amount than the total amount of the minimum bid, as determined and set by the City Council at the May 16, 2023, public meeting. The minimum bid for this sale of land is $250,000.00.
Payment in full is required within three business days along with a $1,000.00 non-refundable deposit in the form of a cash or a cashier’s check to secure the bid. Failure to fund in full within the time frame provided may result in the city moving to the next highest bidder.
The property is sold “as-is, where-is” and no guarantees, expressed or implied, are made as to the condition of the property. It is incumbent upon prospective buyers to research on their own all matters and issues regarding the given property.
TERMS OF SALE:
ALL MONIES PAID SHALL BE IN ANY OF THE FOLLOWING FORMS: CASH, CERTIFIED CHECK, CASHIER’S CHECK OR MONEY ORDER.
