NOTICE

NOTICE OF PUBLIC AUCTION OF REAL ESTATE Notice is hereby given, pursuant to West Virginia Code ? 8-12-18(b), that the City of Bluefield will offer for sale at public auction at the Board of Directors Room of the Municipal Building, 200 Rogers Street, Bluefield, West Virginia, on Wednesday, September 23, 2015 at 1:00 p.m., the following described real estate, together with its improvements, easements and appurtenances thereunto belonging, situate in the City of Bluefield, Mercer County, West Virginia, known as Lot 4 Section 681, 2412 Princeton Avenue, Bluefield, Mercer County, West Virginia, and being more particularly bounded and described as follows: BEGINNING at a point in the southern right-of-way line of Princeton Avenue, being located 150 feet N 76? 15′ E from Dexter Street eastern right-of-way line; thence from said beginning point along Princeton Ave. right-of-way N 76? 15′ E 50 ft. to a point; thence S 13? 45′ E 150 ft. to a point in the northern right-of-way line of a 20 ft. wide alley; thence along the alley right-of-way S 76? 15′ W 50 ft. to the common southern corner of Lot 3; thence N 13? 45′ W 150 ft. to the point of BEGINNING. The area of this lot is 7,500 sq. ft. In order to participate in the auction, prospective bidders are required to submit the following items to legal counsel for the City of Bluefield: (i) a “Notice of Intent to Bid” (the “Notice”); and (ii) a bid deposit in the amount of One Thousand Dollars ($1,000.00), in the form of a cashier’s check, made payable to the City of Bluefield (the “Bid Deposit”). Personal checks will not be accepted. Each Notice and Bid Deposit must be received by Brian K. Cochran, Esq., at Brewster, Morhous, Cameron, Caruth, Moore, Kersey, & Stafford, PLLC, 418 Bland Street, Bluefield, West Virginia, 24701 on or before 4:30 p.m., September 21, 2015. Only bidders who have submitted a Notice and a Bid Deposit prior to this deadline will be allowed to participate in the auction. If you are interested in bidding, the form of the Notice can be obtained and a pre-bid inspection of the real estate can be scheduled by calling Brian K. Cochran at 304-324-0304, or City Clerk Bobbi Kersey at 304-327-2401. The referenced real estate will be conveyed to the successful bidder by special warranty deed subject to (i) all covenants, restrictions, easements, rights of way and reservations of record in the Clerk’s Office of Mercer County, West Virginia, and (ii) liens for real estate taxes not yet due and payable. At the closing, the purchaser shall be responsible for paying the recording costs, any tax on the privilege of transferring real property (the cost of the tax stamp to be affixed to the deeds), and all real estate taxes for periods after the closing. The purchaser will assume all liability for hazards and environmental conditions associated with the referenced real estate. The referenced real estate will be sold in “AS IS” condition. The minimum bid for referenced real estate at the auction shall be Six Thousand Dollars ($6,000.00). All bids must be for cash at the time of closing. The successful bidder will be required to sign a Purchase Agreement with the City within five (5) days of the auction date. A copy of the Purchase Agreement is available for inspection by prospective bidders upon written request. The Bid Deposit of the successful bidder will be held in escrow pending closing pursuant to the Purchase Agreement. The entire balance of the purchase price must be paid in full at the time of closing. The Bid Deposit of each unsuccessful bidder will be returned promptly without interest. The successful bid must be formally accepted and approved by the Board of Directors of the City of Bluefield, which has previously authorized this auction and this minimum bid. Upon acceptance by the City, the Purchase Agreement shall be executed by the City and delivered to the successful bidder. The closing shall occur within forty five (45) days following the acceptance of the successful bid by the City, unless extended by the City. The City may postpone or cancel the auction for any reason by public announcement at the time and place designated or by posting a notice of the same, and may act by agent in the execution of the sale. The City reserves the right to reject any or all bids for any reason.