Summary of Specifications:
Sealed proposals FOR THE SALE OF CITY OF TROY OWNED PROPERTY LOCATED AT THE NORTHWEST CORNER OF SQUARE LAKE RD & DEQUINDRE RD will be received by the City of Troy at the office of the City Clerk, 500 W. Big Beaver Road, Troy, MI 48084.
BID (SALE) SURETY: A cashier’s check, certified check, or money order in the amount of 10% of the sale price must accompany the bid document to insure the sale offer. The check shall be made payable to the City of Troy. If the successful bidder does not consummate the purchase, the sale surety check tendered by the successful bidder will become the property of the City of Troy upon acceptance of the bid (offer) by resolution of the Troy City Council. If the purchase is consummated, the check will be applied to the balance due.
The bid (sale) surety from the three (3) highest bidders will be held until sale award by the Troy City Council. All other bidders will have their bid deposits returned within 72 hours after the bid has been opened.
For additional information, information concerning a site visit, or questions concerning this sale, please contact: Patti Gross, at (248) 524-3498. For questions concerning the bid documents, contact the purchasing department at (248) 524-3576. Dennis C. Stephens, & Larysa Figol, of the City of Troy Real Estate and Development Department at (248) 524-3374 are the designated City representatives for this sale.
