Office of Citizen
Rest in Peace,
AMERITRUST BREUER TOWER SALE - $5000++ LESS, BUT REAL MONEY DOWN
Submitted by Jeff Buster on Wed, 04/02/2008 - 15:50.
Robert Carrick, County Purchasing Department, holds a half million dollar bank check which was submitted as part of the K & D Group bid package. The half million dollars are non-refundable to K & D should they not complete the purchase of the Ameritrust property. There are two 6 month periods during which K & D can close the deal with the County. But if K & D fails to close during the next 12 months, they forfeit the $500,000.00 to the County.
This non-refundable bid deposit means that the K & D bid is serious, even if they did reduce by $5,000.00 today's bid from their prior bid two months ago. K & D had to be certain there were no other bidders for today, because by reducing their bid to the County specified minimum bid of $35,000,000.00, K & D left no room for any bid below them.
The present sale price will end up probably 5 (or more) million less than the January sale because in January the asbestos removal was stopped. Today DeGeronimo's Precision Environmental was back in the Breuer - as they have been for about a month. By directing that the asbestos work to be re-started, the County Commissioners are reducing the price of the property for K & D.
More to come.
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