THE CITY OF WEST JORDAN, UTAH PUBLIC NOTICE ADVERTISEMENT FOR BID OF REAL PROP...

THE CITY OF WEST JORDAN, UTAH PUBLIC NOTICE ADVERTISEMENT FOR BID OF REAL PROPERTY (SYCAMORE PROPERTY) The City of West Jordan, Utah (the "City"), hereby offers for sale to the highest bidder its surplus vacant real property located at 7049 West 7800 South, West Jordan City, Salt Lake County, State of Utah, located in Section 33 and 34, Township 2 South, Range 2 West of the Salt Lake Base and Meridian (the "Property"), which can be found under the following Salt Lake County Parcel Number: 20-34-101-001, with conceptual legal description as follows: Beginning at a point on the Westerly Right of Way Line of New Sycamore Drive, said point being South 01°03'02" East 392.40 along the East line of the Northeast quarter of Section 33, and North 88°56'58" East 1134.01 feet from the Northeast corner of said Section 33; Township 2 South, Range 2 West, Salt Lake Base & Meridian and running thence North 89°59'38" West 197.84 feet, thence South 86°53'42" West 151.97 feet, thence South 59°40'29" West 336.70 feet, thence North 88°49'28" West 246.49 feet, thence North 224.84 feet, thence North 59°40'29" East 514.22 feet, thence North 89°59'48" East 420.46 feet, thence South 89°56'09" East 35.16 feet, thence South 00°08'05" East 31.20 feet, thence South 00°07'59 East 162.46 feet to a point of curvature on a 419.97 foot radius curve to the right, thence Southwesterly along arc of said curve 118. 74 feet; (Note: Chord to said curve bears South 06°26'25" West 118.34 feet) to point of beginning. Contains 293,048 Square feet or 6.73 acres more or less The City is selling the Property "where is" and "as is," with no representations, warranties or guarantees of any kind, including but not limited to the suitability for the successful bidder's intended use. Title to the Property shall be transferred to the successful bidder by Quit Claim Deed, free and clear of all liens, but shall be subject to the following: 1) All zoning regulations, restrictions, rules and ordinances, land use laws, building restrictions, and other laws and regulations now in effect or hereafter adopted by any governmental authority having jurisdiction; 2) Any state of facts that an accurate and complete ALTA/ASCM survey (with all Table A items) and physical inspection of the property might disclose; 3) Any and all recorded reservations, easements, rights-of-ways, declarations, covenants, conditions, restrictions, encroachments and encumbrances, and all other matters of record or enforceable at law or in equity. No water rights are included in the sale or transfer of the Property. The City has no intention of using any title or escrow service company during the course of this transaction. If the winning bidder desires such services, all costs and fees associated with said services shall be at the winning bidder's sole cost and expense. In no event shall the City pay for title or escrow services, or other professional services, nor shall the City pay for any costs or fees associated with this transaction. The City has not used any third party agents, brokers or finders during the course of this transaction; therefore, no commissions will be paid by the City. If the winning bidder uses any attorneys, third party agents, brokers or finders, then all costs and fees associated with said services shall be at the winning bidder's sole cost and expense. Sealed bids will be received by the City of West Jordan, City Clerk's Office, City Hall Third Floor, 3rd Floor, 8000 South Redwood Road, West Jordan, Utah 84088, until 2:00 P.M. on Tuesday, May 2, 2017, at which time the sealed bids shall be publicly opened and read aloud. Any bids, modifications, or corrections received after 2:00 P.M. on Tuesday, May 2, 2017, will be considered late and will not be opened. Any bids submitted by facsimile or email will not be considered. The Property is currently zoned R-1-10-F. After purchase of the Property, the successful bidder may petition the City for a zoning change, however the City makes no guarantee that such zoning change will be approved. The fair market value of the Property has been determined to be $196,000 per acre. If two or more of the highest bids are equal, then the winning bid shall be the earliest of the highest bids received. However, the City reserves the right to reject any or all bids. The winning bidder shall provide a non-refundable payment of $50,000 to the City by cash or check within ten (10) calendar days from the effective date of a fully-executed real estate contract. The balance of the bid price shall be paid within ninety (90) calendar days from the effective date of a fully-executed real estate contract. If payment is provided by check, the City shall hold the Quit Claim Deed in the West Jordan City Attorney's office until the check clears. Upon the City's delivery of the Quit Claim Deed, the winning bidder shall take possession of the Property. The winning bid is subject to review and approval by the West Jordan City Council. Please contact the West Jordan City Real Estate Services Manager, Matt Williams, at (801) 569-5132, or at mattheww@wjordan.com, for any questions about this advertisement or to make an appointment to inspect the Property. Published this 21st day of April 2017 Melanie S. Briggs, MMC City Clerk 1148164 UPAXLP


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