NOTICE OF PUBLIC LEASE AUCTION
NOTICE is hereby given to all whom it may
concern that
pursuant to the terms of W. Va. Code § 18-5-7, the BOARD OF EDUCATION OF THE
COUNTY OF WETZEL (“Board of Education”), acting by its
duly authorized agent(s), will
lease at public auction the real property described below to the highest responsible bidder
whose bid meets or exceeds
the minimum advertised price herein. NOTE: This lease
auction is subject those certain Surplus Property Public Lease
Auction Rules issued by the
Superintendent of Wetzel
County Schools as duly
authorized agent of the Board
of Education.
It has been ascertained that the real property described below
is no longer needed for school purposes.
REAL PROPERTY TO BE LEASED:
Subsurface of all Board-owned
property beneath the
surface of
the property located 1) in the
Magnolia District of Wetzel
County, West Virginia, Map #3, parcel #135,
approximately
4.77000 acres, 2) in the District of Pine Grove
Corporation of Wetzel County, Map #11, a
portion of parcel 78,
approximately 1.12500 acres, and 3) in the Green District of Wetzel County, Map #5, parcel
20, approximately 0.25000
acres, which has just
recently
been declared surplus school
property no longer needed for
school usage, for the
purposes of drilling and/or extraction of the oil,
natural gas, and other minerals therein.
NOTICE:
THE BOARD WILL NOT
WARRANT GENERALLY THE
PROPERTY TO BE LEASED
and THE BOARD OF
EDUCATION MAKES NO
WARRANTY WHATSOEVER
REGARDING ANY MINERAL
RIGHTS ASSOCIATED WITH
THIS PROPERTY.
DATE/TIME OF LEASE AUCTION:
July 3, at 1:30p.m*
*Note: The date, time and/or
place of lease auction are
subject to change by the Board of Education.
PLACE OF LEASE
AUCTION:
Wetzel County Board of
Education
333 Foundry Street
New Martinsville, WV 26155
MINIMUM LEASE BID: $5000
up-front cash bonus per acre leased and a 20% royalty to the Board of Education
TERMS OF LEASE: The final
lease agreement between the highest responsible bidder and the Board of Education must
comply with the form lease
agreement on file at the central office of the Board of Education located at 333 Foundry Street, New Martinsville, WV 26155.
This form lease agreement
restricts the kinds of
activities
that may be conducted on the
leased land by the lessee.
Interested bidders should
review this form lease
agreement carefully
before
deciding whether to bid at the
lease auction.
The property is being leased AS IS, WHERE IS.
RULES OF LEASE
AUCTION:
The lease auction described
herein shall be conducted in
accordance with and
subject to those certain Surplus Property
Public Lease Auction Rules issued by the
Superintendent
of Wetzel County Schools. A
copy of such rules may be
obtained from the contact
identified below. All bidders are
strongly advised to obtain and
read a copy of these rules prior
to the lease auction.
INSPECTION: Bidders should thoroughly inspect the property and/or
circumstances of the
property prior to the date of the lease auction. Bidder should
check with the appropriate
governmental agencies to
investigate and verify
approved uses for the property. The
Board of Education does not
warrant the property as to
condition and/or the fitness of the property for a particular
purpose or any purpose.
Bidders are solely
responsible
for judging and evaluating the
suitability of the property for
their own protection and
purposes.
FINAL APPROVAL: The
highest responsible bidder and his/her bid is at all times
subject to final approval by the county Superintendent of
schools who is the duly
authorized agent of the Board
of Education.
RIGHT TO REJECT: The
Board of Education reserves
the right to reject any and all bids. The Board of Education
also reserves the right to
cancel or postpone the lease auction without further notice other than by oral proclamation at the time and place set for the auction.
APPROVED BY THE BOARD
OF EDUCATION: June 11, 2024.
THE BOARD OF
EDUCATION
OF THE COUNTY OF
WETZEL
Contact:
Treasurer Jeff Lancaster
333 Foundry Street
New Martinsville, WV 26155
(304) 455-2441 ext. 129
16023