April 27, 2010

News Release

For Immediate Release

Group 8 Surplus Properties Offered for Bid

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

The eighth group includes 13 parcels being offered for bid. Five of those are newly listed properties. Eight are properties previously listed in one of the first seven groupings.

Bids will be accepted until 3 p.m., May 24, 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 are listed online on the Purchasing section of the City’s website: www.springfieldmo.gov/purchasing/processing.html. Look for the “Sale of Real Property Group 8” under the category “Bid Name.”

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

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: Mike Brothers, Co-Interim Director of Public Information, 864-1010.

city of springfield

Department of Finance

840 Boonville Avenue • P.O. Box 8368 • Springfield, MO 65801
417-864-1625 • Fax: 417-864-1880 • springfieldmo.gov