Print
Reading Mode
Back to Calendar
Return
8.10.
Regular City Council Meeting
Meeting Date:
05/11/2021
Information
Agenda Item
Resolution - Right-of-Way:
Consider a resolution rejecting all bids received for ITB 21-15787-MA, for the sale of property at 1502 Vanham Avenue, Wilson, Texas.
Item Summary
On February 24, 2021, an Invitation to Bid was published for the sale of a City of Lubbock owned real estate located at 1502 Vanham Avenue, Wilson, Texas. The property is consisting of a 2.465-acre tract of land and a 1,442 square foot house located adjacent to the City's Hancock Land Application Site. On March 22, 2021, the following bid was received and opened:
Bidder
Amount
Juvenio Pete Portillo, Wilson Texas
$24,885
The bid received was significantly lower than the appraised market value of $55,000 for the property. Staff recommends that the bid submitted be rejected and the property listed on the Multiple Listing Service (MLS), to obtain as close to fair market value as possible.
Fiscal Impact
None
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Attachments
Resolution -Reject Bids-ITB 21-15787-MA - 1502 Vanham Ave Wilson TX
Bid Form - ITB 21-15787- 1502 Vanham Ave - Wilson TX
Project Summary Sheet - 15787
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.