Specifications include, but are not limited to: SALE PROCEDURES: Lot 2 and the West 19’ Lot 1 in Block 5 of Brogan’s Additional to the City of Muscatine in Muscatine County, Iowa The North Half (N ½) of Lots Three (3), and Four (4), in Block Five (5), of Brogan’s Addition to the City of Muscatine, Iowa, except part thereof conveyed to the City of Muscatine, Iowa, by Warranty Deed recorded in Book 40 of Lots, page 389 of the records of Muscatine, County, Iowa. Sealed Bids. On or before 9:59 a.m. on March 19, 2024, each bidder shall submit a written bid a sealed envelope containing a certified check or a cashier’s check in the amount of $1,000 payable to the City of Muscatine, Iowa, and the name of the bidder identified on the outside of the envelope. No minimum bid price will be set. However, the parcel will sell to the highest bidder able to initiate construction of a residential dwelling within 180 days. The bidder shall also include a plan and schedule for the development of the property, including the intended use in much detail as is possible. If the plans don’t include building a residential dwelling the minimum bid will the market value. The assessed market value for this property is $16,000. Live Auction. Starting at 10:00 A.M. March 19, 2024, the bids will be opened. Each bidder will be given the opportunity to successively raise his/her/its bid in an amount which is higher than the current highest bid in increments of not less than $100.00, starting with the lowest bidder. This procedure will continue until the highest bid is obtained. Failure to bid in any given round will not prevent re-entering the bidding process at a later time. Unsuccessful bidder’s checks will be returned when the auction has been completed.
