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 Hundred Corp
District of Wetzel County, West Virginia, parcel numbers
06-3-57, 58, 59, 76, 78, 89 approximately 0.97 net
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: September 29, 2025 at 1:30 PM
*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:
September 9, 2025.
THE BOARD OF EDUCATION OF THE COUNTY OF
WETZEL
16430