1999-10-26 CC Workshop Meeting - Laserfiche WebLink

Home Browse Search

Oct 26 9 9 11:15a City of Wyom ing 612- 462 -0576 p.3 • SALE OF OLD WYOMING SCHOOL Request for Proposals School District 831, in collaboration with the City of Wyoming Economic Development Authority, is seeking proposals for the sale of a tract of land In the City of Wyoming, lots 1- 16 inclusive, Block 8, Rodger's addition, parcel identification number 21 -0024340, known as the "Old Wyoming School." The site is currently zoned for a school, and therefore, must be rezoned for other uses. 1. 120420.1a/Dladling Proposals must be placed in first class or expedited mail postmarked or received at City of Wyoming Offices, 26885 Forest Boulevard, Wyoming, MN 55092 to the attention of Dennis Coryell, Wyoming EDA Director, no later than January 4, 1999. Late proposals or faxed proposals will not be accepted. Ten (10) copies of the proposal must be provided. II. Minimum tjpgvt Proposals that do not include the minimum requirements will not be accepted. A proposal must include the following: 1. An offer to purchase the Old Wyoming School, with a minimum purchase price of 575,000.00. 2. Any teens or financing contingencies on the purchase price. 3. Representations and warranties tat the proposed purchaser will demolish at their cost the school building on the site within 6 months of closing in compliance with all applicable state and federal laws and city ordinances, including but not limited to, using state qualified or certified (as the case may be) contractors to remove or remedy all environmental hazards identified on the Phase I Enviromnental Worksheet. 4. Assurance of the financial ability of the purchaser to fulfill the representations and warranties set forth in paragraph 3 in the form of performance bond or letter of credit in an amount sufficient to perform the demolition of the building in accordance with paragraph 3 above. The City of Wyoming has received preliminary estimates for the cost of the demolition of the building in the range of $49,200.00 to $65,000.00. 5. Agreement to teens of the sale providing District 831 with choice of remedies in the event the purchaser fails to meet the obligations of the contract including the representations and warranties and the proposed purchaser's development plan. The choice of remedies shall include a right to specific performance and a right of reversion, in addition to damages. 6. The proposed time table for the proposed development/use of the site.