Request for Proposals to Purchase Webster and Bancroft Properties
The Red Oak Community School District is requesting bids from individuals interested in purchasing the real property locally known as the Bancroft Building and the Webster Building. The Bancroft Building is located at 209 E. Prospect Street, in Red Oak, Iowa. The Webster Building is located at 904 Broad Street, in Red Oak, Iowa.
The properties, including any improvements, will be sold only “as is,” with no warranties or representations as to condition, zoning, or appropriateness for any use. The property will be conveyed by deed without warranty. The successful bidder will be required to demolish the building currently located on the property no later than 18 months following closing.
Prospective bidders may view the properties prior to submitting a bid by arrangement with the Superintendent. Viewings will be scheduled between December 18, 2024 and January 8, 2025. Viewings may be scheduled by calling the District Office at 712-623-6600 and referencing the building the bidder would like to view.
All offers to buy the property must be made using the Offer to Purchase Real Estate form available upon request at the District Office, without modification except to insert the price, proposed closing date, and buyer information. By submitting an offer, the offeror is warranting it has sufficient funds or pre-approved financing for the purchase price offered, which representation is subject to confirmation by the District.
Each offer must be enclosed and sealed in an envelope plainly marked with the words: “OFFER TO BUY REAL ESTATE.” Offers must be received by Superintendent Ron Lorenz at the District at 604 S. Broadway, Red Oak, Iowa, before 4:00 p.m. on January 10, 2025.
In determining the successful bidder, consideration will be given to the bidders proposed use of the property. Therefore, along with its offer to purchase the applicable property, each bidder should provide:
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- A detailed written description detailing its proposed use in light of current zoning (or proposed change in zoning);
- An explanation of the benefit(s) the proposed plan will have on the community;
- Plans for renovation and/or demolition taking into account environmental factors (e.g., asbestos abatement, etc.)
- A timeline for implementation of its plans;
- A summary of project financing;
- Prior experience relating to projects similar to the proposed project, if any;
- Maintenance plans for the property; and
- Other factors the bidder deems important.
Each offeror must be available to explain their bid and answer questions during a public hearing to be held by the Board on January 29, 2025.
No offeror may withdraw its offer after the scheduled time for receipt of offers.
If you require any other information prior to submitting a bid, please contact the District at: 712-623-6600.
The District reserves the right to request additional information for the evaluation of the offers received. The District reserves the right to reject any or all offers and to waive irregularities in any offer and to enter into an agreement, with or without modification, as shall be deemed to be in the best interests of the District.