NOTICE OF PUBLIC AUCTION
WHEREAS, the GOODING CITY COUNCIL has determined that it is in the City’s best interests to sell certain real property located in the NW 1/4 of Section 14, Township 6 South, Range 14 EBM, together with Water Right No. 37-2761A for 1.64 cfs, a 1967 groundwater right, a center pivot located thereon, and rights associated with a Joint Ownership Agreement and Easement regarding a well, pump, panel, penstock and appurtenances thereto and,
WHEREAS, the CITY OF GOODING had a public hearing regarding the above sale and has had the property appraised.
THEREFORE, YOU ARE HEREBY NOTIFIED that the CITY OF GOODING will sell at public auction, on March 18, 2013 at 6:30 p.m. at GOODING CITY HALL, 308 5th Avenue West, Gooding, Idaho, the above described property. The sale will include the pivot currently on the property and the minimum bid, pursuant to the appraisal shall be Seven Hundred Thirty Thousand Dollars ($730,000.00). The successful Bidder must deposit $10,000.00 earnest money with the City prior to 4:30 p.m. Tuesday March 19, 2013. The Sale must close prior to May 10, 2013.
In the event the successful Bidder fails to pay the earnest money by 4:30 p.m March 19, 2013 or fails to close the sale by May 13, 2013, the City reserves the right to either cancel the Sale and reschedule the auction or offer the property to the next highest Bidder.