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Monday, September 15, 2014

News September 15th, 2014

Notice of Auction: 

Ridge Farm Elementary Building 305 State Street, Ridge Farm, Illinois



Notice is hereby given that the Board of Education of Georgetown-Ridge Farm Community Unit School District No. 4, Vermilion County, Illinois, shall sell at public sale at 11:00 o’clock A.M. on the 11th day of October, 2014, at the School District office, 502 W. Mulberry Street Georgetown, IL 61846, the approximate 13 acre tract of certain real estate improved with a school building in Ridge Farm, Illinois, commonly known as “Ridge Farm Elementary School”, located at 305 South State Street, Ridge Farm, Illinois. Sale shall be on the following terms, to-wit:



1. Sale shall be by public auction;
2. A minimum bid acceptable to seller;
3. The highest bid will be accepted by the Board of Education;
4. Terms of payment by the successful bidder for said real estate shall be ten percent (10%) earnest money deposit, payable upon the execution of a Contract for Sale of Real Estate, and the balance in cash at the time of closing, within thirty (30) days of the public sale. A copy of the Contract For Sale that the Buyer shall be required to sign on the date of the public sale is available for inspection at the Superintendent’s Office during normal business hours;
5. Possession will be delivered at closing, upon payment of the balance of the purchase price;
6. Conveyance will be made by Warranty Deed, subject to the lien of current taxes, if any, easements apparent or of record and building and zoning ordinances;
7. Evidence of title shall be by title insurance commitment and policy, subject to the permissible exceptions to title described in the Contract For Sale. A preliminary Commitment For Title Insurance is available for review at the Superintendent’s office during normal business hours;
8. NOTICE IS GIVEN THAT THE SELLER DISCLAIMS ALL WARRANTIES OF CONDITION, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF FITNESS AND HABITABILITY, AND SELLS THE REAL ESTATE AND IMPROVEMENTS IN “AS IS” CONDITION;
9. Seller gives NOTICE that the property may contain asbestos or asbestos containing materials, which the Seller will not be removing;
10. Seller gives NOTICE that the property may contain lead paint. Any interested Buyer may obtain further information from the Unit Office;
11. Seller warrants that to the best of its knowledge, information and belief, all underground storage tanks have been removed; and
12. Announcements at time of sale supersede all prior or conflicting announcements.

BOARD OF EDUCATION

GEORGETOWN-RIDGE FARM

COMMUNITY UNIT SCHOOL DISTRICT NO. 4

VERMILION COUNTY, ILLINOIS

Documents: Formal Notice Of Auction & Official Auction Letter

Other Images of Ridge Farm Building: RF1 RF2 RF3 RF4 RF5


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