INVITATION TO BID
SALE OF REAL PROPERTY
LEGAL NOTICE
WHEREAS the City of Wellman is the owner of that real property (“Property”) situated in the City of Wellman, County of Washington, and State of Iowa, locally know as 818 10th Avenue (Parcel No. 01-13-379-003), the same being legally describe as follows:
LOT NUMBER ONE (1), IN BLOCK NUMBER ONE (1), IN HAMILTON & STRUBLE’S ADDITION TO THE INCORPORATED TOWN OF WELLMAN; IN WASHINGTON COUNTY, IOWA.
The Property is zoned Residential and is being sold “as is”. The winning bidder will be required, at the winning bidder’s sale expense, to (1) rehabilitate the Property be demolishing all structures on the Property within 120 days of taking title; and (2) to rebuild housing on the Property suitable for human habitation and compliant with all applicable ordinances of the City of Wellman, within 24 months of taking title. If the winning bidder does not demolish the structures within 120 days of the winning bidder taking title; or does not rebuild housing on the Property as aforesaid within 24 months of taking title (subject to any mutually agreed extensions), title to the Property shall revert to the City.
No survey has been performed. All inspections must take place prior to bidding. The Property is vacant and available for viewing at bidders’ convenience.
The Property will be sold to the bidder whose bid is deemed by the City Council as most advantageous to the citizens of Wellman, as determined by City Council in its discretion upon reviewing each bid in its entirety, including but not limited to the bid amount, proposed use, and estimated investment. The City reserves the right to reject any or all bids and to waive any irregularities or informalities. All bids must be cash transactions and may not be conditioned on financing. The City Council has established a minimum bid of $20,000.00 for the Property.
Parties interested in bidding on the Property may submit a sealed bid to the City Clerk at City Welman City Hall, 316 8th Avenue, Wellman, Iowa, until 4:00 p.m. on August 22, 2025. Instructions to Bidders and Bid Blanks may be obtained from the City Clerk.
Published in The News, Thursday, May 8, 2025 L-65
