Notice of Sale - 210 West Pine Street
The Town of Pinedale will sell the real property described as:
Lots One (1), Two (2), Three (3), Four (4) and Five (5), Block Four (4) of the Original Townsite of Pinedale, Sublette County, Wyoming as set out on the official map or that plat map recorded in the Office of the County Clerk of Sublette County, hereinafter referred to as the Property;
At public auction on the following terms:
A. The auction date and time shall be October 12, 2023, at 3 p.m. at the Pinedale Town Hall located at 205 Entertainment Lane, Pinedale, WY 82941. The auction shall be a descending or reverse auction. An opening price shall be set by the Town’s representative. After a period of one minute, the price shall be reduced by $10,000. The price will continue to be lowered in steps until a Bidder accepts the current price offered or the Town declares the auction ended. The Bidder that accepts the current price offered while the auction is still ongoing wins the auction and the right to purchase the Property at the price offered. Any dispute shall be resolved by the decision of the Town.
B. All persons or entities wishing to participate and bid must register with the Town no later than 4 p.m. on October 10, 2023, by presenting a completed registration form to the Town Clerk. Registration forms will be included in a related Informational Sale Packet which may be acquired at the Town Hall or by contacting the Town Clerk, Amy Sturman at:
205 Entertainment Lane
P.O. Box 709
Pinedale, WY 82941
Phone: (307) 367-4136
C. Bidders must be physically present at the auction or represented by authorized agents. No electronic bids shall be accepted.
D. The successful Bidder must enter into a Contract for Sale within five (5) banking days of the auction date. The general form of the Contract for Sale will be included in the Informational Sale Packet.
E. The successful Bidder must tender a Cashier’s Check in the amount of $5,000 made payable to the Town within five minutes from the time the bid is announced as accepted by the Town. This amount will be applied to the purchase price if the transaction closes or refunded to the successful Bidder if the transaction does not close as allowed by the terms of the Contract for Sale described in Section D above, otherwise the amount shall be non-refundable and retained by the Town. If a successful Bidder does not tender the required Cashier’s Check within the required time limit, such bid shall be declared void and the bidding process shall be resumed.
F. The successful Bidder must deposit 5% of the bid amount, in addition to the $5,000 described in Section E above, with First American Title within ten (10) banking days of the auction date. This amount shall be an earnest money deposit under the terms of the Contract for Sale described in Section D above. If a successful Bidder does not tender the required 5% within the required time limit, the related bid shall be declared void and Town released from all obligations under the bidding process or the Contract for Sale described above.
G. Closing shall be at First American Title - Sublette County, Pinedale, Wyoming on or before 11/2/23.
H. The Town reserves the right to reject any and all bids, to disregard any irregularities in the bidding or sale process, to cancel the proposed sale prior to the sale date and time, to set a reserve minimum price, to terminate the auction at any time once the auction commences, and to resolve all questions of procedure or irregularity at its sole discretion.
I. The Property shall be conveyed subject to various deed restrictions on use. These restrictions are included in the Informational Sale Packet described in Section B above.
Published in the Pinedale Roundup September 14, 21 and 28, 2023.