City of Fargo
PUBLIC SALE NOTICE
By Resolution of the Fargo City Commission on September 21, 2020, the City of Fargo is accepting sealed bids for the sale of the following property:
501 Main Avenue
Property Description: The property includes land owned by the City and land that is licensed from the railroad. Property excluded is land used for right-of way and will not be included in the purchase.
All bids must include the following:
1.A purchase price for the property. The minimum acceptable bid price will be $500,000.
2.A proposal for development and use of the property meeting the following conditions and limitations:
•Construction of a building of at least four stories in height.
•Commercial or offices on the first floor.
•Floors above the first floor may be offices or housing.
•Be consistent with the character of adjacent properties, especially the property to the east.
Prospective bidders are to obtain a copy of the Request for Offers information from the City Administration Office, Third Floor, Fargo City Hall, 225 4th Street North, Fargo, North Dakota. Mail or deliver sealed bids to the City of Fargo Auditor's Office, Fargo City Hall (address above). The deadline to submit bids is 4 p.m. Monday, November 2, 2020.
Bids meeting the minimum qualifications will be submitted for conditional approval to the Fargo City Commission, subject to establishment of final terms in the form of a Development Agreement. The City of Fargo reserves the right to amend the terms or requirements of this sale at any time prior to the above-stated deadline date, to waive non-conformities of any bid or form of bid and to reject any and all bids. Notice of any amendment of bid sale terms or requirements will be sent by the City to those who have requested this information.
Oct. 14 & 21, 2020)2862583