Sealed bids will be received by Huntingdon Borough for the purchase of parcel of ground consisting a 25′ by 193′ lot with a two story framed dwelling erected thereon and having and address of 407 Moore Street, Huntingdon, Pennsylvania 16652. The tax assessment identification number is 18-03-140. The parcel has public sewer and water and was previously used for residential purposes.
Each bid shall be no less than Two Thousand Five Hundred Dollars ($2,500.00) and must clearly identify the bidder, the bidder’s name and address and telephone number. The bid must contain the purchase price, and, must be accompanied by a non-refundable down payment which shall be in the form of a certified or cashier’s check payable to Huntingdon Borough in the amount of 10% of the bid. The bid and down payment must be in a sealed envelope and marked “Huntingdon Borough Real Estate Bid”. Bids must be received by the Borough at the Borough Office on 530 Washington Street, P.O. Box 592, Huntingdon, PA 16652, before 4:30PM on Tuesday, September 19, 2017. The bids will be opened and read at the regularly scheduled Borough Council Meeting on Tuesday, September 19, 2017 at 7:30PM. The bidder who is awarded the property shall close within thirty (30) days from the date of the award or shall forfeit the down payment.
The property is being sold as-is. The buyer shall be responsible for replacing the roof on the property and shall insure that the property is in full compliance with the Huntingdon Borough Code within one (1) year of date of settlement.
Huntingdon Borough shall provide the buyer with a deed of special warranty at the time of settlement. The real estate taxes shall be prorated to the date of settlement. Realty transfer taxes shall be split equally between Huntingdon Borough and the buyer. Huntingdon Borough shall be responsible for preparation of the deed, and, the buyer shall be responsible for all recording fees.
The contract sell for the property shall be awarded to the highest responsible bidder as is in the best interest of the Borough. Borough Council reserves the right to reject any and all bids and to waive any informalities in the Bidding.