ITB-COT 14-46 - Sale of City of Troy Property SW Corner Paragon/Livernois Sec. 16

Summary of Specifications:
Sealed proposals FOR THE SALE OF CITY OF TROY OWNED PROPERTY LOCATED AT THE SOUTHWEST CORNER OF PARAGON AT LIVERNOIS ROAD, SECTION 16, will be received by the City of Troy at the office of the City Clerk, 500 W. Big Beaver Road, Troy, MI 48084 until Thursday December 18, 2014 at 10:00 AM, EST; after which time they will be publicly opened and read in the Troy City Offices. Late bid submittals will not be accepted. The City does NOT accept bid responses via fax transmission. ----------------------------------------------------------- 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.