Correctionville City Council
The City of Correctionville shall hold a public hearing concerning the sale of the following described property located at 511 8th Street, Correctionville, Iowa:
E 70’ of Lots 15 and 16 in Block 13, The Railroad Addition to Correctionville in the County of Woodbury and State of Iowa.
The Hearing will be held July 12, 2021, at the City Hall, City of Correctionville at 7:00 P.M. Seller will be accepting sealed bids on the above-described property until July 12, 2021, before 4:30 P.M. The minimum bid must not be any lower than $5,000.00. Any person interested in purchasing the property should submit a bid in writing in total dollars accurately describing the real estate to Carla Mathers, City Clerk, at 312 Driftwood Street, PO Box 46, Correctionville, Iowa 51016 on or before 4:30 P. M., July 12, 2021. The bids on the property will be opened and an auction for the final sale of the property will occur on July 12, 2021, at 7:00 P.M at City Hall, City of Correctionville. The highest bidder on the day of sale will be expected to pay ten percent (10%) of the purchase price on that day and sign a contract for the balance of the purchase price.
A condition of the contract will be that Buyer, within 1 year from July 12, 2021, must demolish and remove the existing structure from the property or rehabilitate the property such that it is compliance with City Code. The sale will be on contract and quit claim deed delivered to the buyer upon fulfillment of the contract. Closing shall be within 45 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 April 1, 2021. Buyer shall pay all real estate taxes thereafter.
Possession shall be given at the time the contract is executed.
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 Correctionville
By: /s/ Nathan Heilman
Nathan Heilman, Mayor
/s/ Carla Mathers
Carla Mathers, City Clerk
Published in The Record
Thursday, July 1, 2021