The City of Sulphur Springs is requesting sealed bids for 50 acres of property located at County Road 4738, Hopkins County, Texas, (https://maps.google.com/?q=33.202966,-95.752240) being described as follows:
All the right, title and interest of the City of Sulphur Springs in that certain tract or parcel of land situated in Hopkins county, Texas, about 9 miles Northwest from Sulphur Springs and being 50 acres of the East side of 107 acres being part of the Wm. Irwin Survey, the 107 acres described as follows:
Beginning on the South line of a 320 acre survey in the name of Henry Russell 136 varas
West from the S.E. corner of said Russell Survey;
Thence East passing said Russell Survey and tracing the South line of a tract of 31 acres of the said Irwin survey heretofore conveyed by J.G. Wellborn and S.H. Wellborn to R. Carpenter in all 686 varas
Carpenter’s S.E. corner a bois d’arc stake in prairie;
Thence South 882 varas a bois d’arc stake in prairie;
Thence West 686 varas a bois d’arc stake in prairie;
Thence North 882 varas to the place of beginning.
Being the same 50 acre tract conveyed by deed from J.M. Springer to L.D. Hamm dated December 20th, 1912, of record at Vol. 99, Page 540, Deed Records of Hopkins County, Texas;
SUBJECT TO THE FOLLOWING:
Subject to the following reservation in Deed from Floyd D. Hamm et al to James Virgil Teaver and wife, Kay Teaver, dated February 5, 1983, filed for record February 10, 1983, under Clerk’s file No. 722: “Save and Except, and there is hereby ·reserved unto Grantors, their heirs and assigns, an undivided one-half (1/2) of all of the oil, gas and other minerals in and under and that may be produced from the above described property, together with the right of ingress and egress at all times for the purpose of mining, drilling exploring, operating and developing said lands for oil, gas and other minerals and removing the same therefrom.”
Bids must be submitted on Bid Pack forms provided by the City of Sulphur Springs, Texas. Bid packets may be picked up at City Hall, 201 N. Davis Street, Sulphur Springs, Texas or at the City business office at the City of Sulphur Springs, 125 S. Davis St., Sulphur Springs, Texas 75482. You may also download a bid packet from the City Website, at https://tinyurl.com/yato7scd. Bids not properly marked and opened by mistake will not be considered. Bids received after due time fixed for the bid will be returned unopened. Alternate bids will not be considered.
Successful bidder shall be required to pay, in addition to the purchase price of the property, all costs of closing, including preparation of closing documents, seller’s policy of title insurance, any costs for surveying or appraisals, and any other closing cost.
The offered property is sold in an “AS IS” condition and no representations or warranties are made as to the suitability of said property for any purpose. The successful bidder shall have no claims against the City of Sulphur Springs for any loss or damage incurred as a result of any latent condition of the property. The acreage reference is a reference only, and no warranty is made as to the actual number of acres contained within the boundaries of said property. The bid submitted shall be a lump sum bid only and shall not be adjusted for any shortfall in actual area of said property upon survey.
The City of Sulphur Springs is exempt from state and federal excise taxes. An exemption certificate will be issued upon request of the successful bidder.
The City of Sulphur Springs reserves the right to reject any and all bids and to waive informalities in bidding. In case of lack of clarity in stating prices, the City reserves the right to consider the most advantageous bid thereof, or reject the bid.
Bids shall be submitted to Jody Price at the business office at 125 South Davis Street by 10a.m. November 1, 2018. Please contact Marc Maxwell at 903.885.7541 for additional information. Bids will be publicly opened and read aloud at 10:15 a.m. November 1, 2018, at City Hall located at 201 North Davis Street.