January 21, 2010

News Release

For Immediate Release

Group 5 Surplus Properties Offered

The City of Springfield is now accepting sealed bids on the fifth group of surplus properties being offered for sale.

The fifth group is the largest to date with 14 parcels being offered for bid. All of these parcels have previously been offered and have not received any acceptable bids. The next group will be comprised of new offerings and any properties remaining from this group will be offered again at a future date.

Bids will be accepted until 3 p.m., Feb. 17, 2010.

Each of the parcels includes a reserve price to give bidders a better idea of what the City will accept. The reserve price does not necessarily reflect market value of the property. The reserve price will reflect the amount the City needs to receive in order to cover its costs for the property and pay off any expenses associated with offering the parcel for sale, such as getting a clear title on the property.

The properties listed in Group 5 are:

The complete bid document is available on the City Web site – www.springfieldmo.gov -  in a special section on the homepage that also includes a link to the interactive map and other material related to the surplus property sale.

Potential bidders also may contact the Purchasing Department at 864-1620 for additional information.

Anyone without access to the Internet can view maps with locations of the properties at the Busch Building lobby from 7:30 a.m. to 5 p.m., Monday through Friday. Copies of the bid document also are available at the City’s purchasing office, 218 E. Central St., between 7:30 a.m.-5 p.m. weekdays.

Net proceeds from the sale of the properties will be returned to the fund from which each property was purchased, up to the amount of the purchase price. The City Council has stated its intent to put any additional proceeds from the sales into the Police-Fire Pension Fund.

For more information, contact: Louise Whall, Director of Public Information, 864-1010.

city of springfield

Department of Public Information

840 Boonville Avenue • P.O. Box 8368 • Springfield, MO 65801
417-864-1010 • Fax: 417-864-1114 • springfieldmo.gov