ITB-COT 05-23 Somerton - Sale of City Owned Property at Long Lake & Somerton

Summary of Specifications:
Sealed proposals FOR THE SALE OF CITY OF TROY OWNED PROPERTY LOCATED AT THE NORTHEAST CORNER OF LONG LAKE RD. & SOMERTON, 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 upon acceptance of the bid (offer) by resolution of the Troy City Council, the sale surety check tendered by the successful bidder will become the property of the City of Troy. If the purchase is consummated, the check will be applied to the balance due. 

For additional information, appointments to inspect the property, or questions concerning this sale contact: Patti Gross, at (248) 524-3498, for questions concerning the bid documents, contact the purchasing department at (248)524-3576. 

SIZE: 132 feet X 238 feet