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Bid Title: 405 Early Blvd.
Category: Land For Sale
Status: Open

Description:

MUNICIPAL DEVELOPMENT DISTRICT OF THE CITY OF EARLY, TEXAS

NOTICE OF OFFER OF LAND FOR SALE

Notice is hereby given that the Municipal Development District of the City of Early, Texas (EMDD) is offering for sale the real property located in the City of Early, Texas, containing 1.45 acres, more or less, and being more fully described as follows:

Eastover Hills, Block A, Lot Part 1, Acres 1.45acres (BCAD Property ID 48925).

If in the judgment of the EMDD or the City Council the bids submitted do not represent the best use of the Property or the fair value of the Property, the EMDD or Council may reject all bids. Should any bid be accepted, a contract for sale of the Property shall be executed upon an acceptable form. Any bids shall abide by the following terms:

  1. The minimum bid which will be considered by the EMDD is $400,000.00.
  2. The Property shall be purchased in “as is” condition.
  3. The bid shall provide for a closing date of on or before July 31, 2021.
  4. The purchaser agrees to invest, at a minimum, $650,000 for the construction of a sales tax producing business which will create, at a minimum, 3 full-time and 15 part-time jobs within the first year of business, and will submit plans for construction within 60 days of closing.
  5. Bidder will place into earnest money, either a bid bond or check for $20,000 which will be returned upon issuance of the building permit meeting the requirements of condition #4 above.

Each bidder shall submit a proposed contract for purchase of the Property containing all required provisions. A contract for sale/purchase of the Property will be entered with the successful bidder after bids are approved by the EMDD and the City Council.

By submitting a bid, each bidder agrees to waive and does hereby waive any claim the bidder has or may have against the EMDD or the City of Early, Texas, and the City’s respective employees and representatives for the award of damages or attorney fees, arising out of or in connection with the administration of any requirements under this Notice of Bid Opening, acceptance or rejection of any bids, an award of the bid. By submitting a bid, the bidder specifically waives any right to recover or be paid attorney fees from the EMDD or the City of Early, Texas, or any of the City’s employees and representatives under any of the provisions of the Teas Uniform Declaratory Judgments Act (Texas Civil Practice and Remedies Code, Section 37.001, et. seq., as amended). The bidder acknowledges and agrees that this is the intentional relinquishment of a presently existing known right and that there is no disparity of bargaining power between the bidder and the EMDD or the City of Early, Texas.

By execution and submission of this bid, the bidder hereby represents and warrants to the EMDD or the City of Early that the bidder has read and understands this Notice and that the bid is made in accordance with the terms stated herein. Bidder acknowledges that it understands all terms herein, which include the waiver provisions, and that it had the right to consult with counsel regarding all applicable documents.

The EMDD or the City reserves the right to waive, delete or amend any of the requirements connected with this bid, and further reserves the right to accept or reject any bid submitted for the Property.

Bids shall be delivered using the attached form in writing, signed by the bidder or an authorized representative, and enclosed in a sealed envelope to the City of Early, 960 Early Boulevard, Early, Texas 76802. All bids shall be plainly marked “BID TO PURCHASE REAL PROPERTY – ATTN: LARRY MCCONN.” Bids must be received before 3:00 Friday June 4th, and any bid received after that time will not be considered.

Bidders may contact Larry McConn, Assistant City Administrator at 325-643-5451 for additional bid requirements, clarifications, and questions.


Bid Submission Form

Bids shall be delivered using this form in writing, signed by the bidder or an authorized representative, and enclosed in a sealed envelope to the City of Early, 960 Early Boulevard Early, Texas 76802. All bids shall be plainly marked “BID TO PURCHASE REAL PROPERTY – ATTN: LARRY MCCONN.” Bids must be received before 3:00 PM Friday June 4th, and any bid received after that time will not be considered. 

The minimum bid amount accepted for this offering is $400,000

Property Address: ______405 Early Blvd._________________________

Bid Amount: ________________________________________________

Bidder Name: _______________________________________________

Bidder Contact Information:

Name: ___________________________________

Address: _________________________________

City, State, Zip: ____________________________

Phone Number: ____________________________

Email: ___________________________________

Intended use of the property:

______________________________________________________________________________

______________________________________________________________________________

______________________________________________________________________________


Publication Date/Time:
5/12/2021 8:30 AM
Closing Date/Time:
Open Until Contracted

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