City of Kingsley
The City of Kingsley shall hold a public hearing concerning the sale of the following described property located at 23 West 2nd Street and 25 West 2nd Street Kingsley, Iowa:
Lots Twenty-seven (27) and Twenty-eight (28) in Block Three (3), in the Town of Kingsley, Plymouth County, Iowa
The Hearing will be held June 8, 2021 at the City Hall, City of Kingsley at 7:15 P.M. Seller will be accepting sealed bids on the above-described property until June 8, 2021, before 4:30 P.M. The minimum bid must not be any lower than $1.00. Any person interested in purchasing the property should submit a bid in writing in total dollars accurately describing the real estate to Vicki Sitzmann, City Clerk, at 222 Main Street, PO Box 309, Kingsley, Iowa 51028 on or before 4:30 P. M., June 8, 2021. The bids on the property will be opened and an auction for the final sale of the property will occur on June 8, 2021, at 7:15 P.M at City Hall, City of Kingsley.
The highest bidder on the day of sale will be expected to pay ten percent (10%) of the purchase price or a minimum of $2,500 on that day and sign a contract for the balance of the purchase price. To the extent that ten percent (10%) of the purchase price is less than $2,500, the difference will be refunded to the Buyer once the terms of the real estate contract are fulfilled.
A condition of the contract will be that Buyer, no later than November 1, 2021, must demolish and remove the existing structures from the property and the property be brought to grade. The demolition of the structures must be performed in accordance with all local, state, and federal laws. The east wall of the structure located at 23 West 2nd Street can only be removed to four foot (4’) below grade.
Buyer shall maintain the sidewalk in good condition or replace the existing sidewalk. The sale will be on contract and warranty deed delivered to the Buyer upon fulfillment of the contract. Closing shall be within 30 days from the date the contract is fulfilled and that is when the unpaid balance shall be paid in full. Seller shall pay all the real estate taxes that become delinquent as of October 1, 2021. Buyer shall pay all real estate taxes thereafter. Any announcements day of sale shall supersede any statements made herein.
Seller reserves the right to reject any and all bids.
Any citizen may file oral or written comments for or against the sale of said property.
City of Kingsley
By: Rick Bohle, Mayor
Vicki Sitzmann, City Clerk
Published in The Record
Thursday, June 3, 2021