City of Bridgeport TERMS OF SALE
TERMS OF SALES ARE SUBJECT TO MODIFICATION
BY SUBMITTING A BID, YOU AGREE TO THE TERMS OF THE SALE SET FORTH HEREIN AND AS POSTED AT THE TIME THE BID IS SUBMITTED
Auction
City of Bridgeport will make all sales by auction to the highest bidder. The City will conduct the auction via the Public Surplus Internet website only. A bidder is legally and financially responsible for all properties they bid upon whether acting for themselves or acting as an agent. All bidders must represent one person or entity and be 18 years of age or older.
A 5% Buyer Premium ($1.00 minimum) will be added to the final sale price for each parcel won at the auction.
ALL SALES ARE FINAL. THERE ARE ABSOLUTELY NO REFUNDS.
Payment
Payment must receive payment, in US Dollars, for an awarded item by 5:00 p.m. Pacific within 7 calendar days after the date that the auctioneer issues a notice of award of the successful bid. If the seventh day is a holiday, the deadline will be the next non-holiday calendar day. PayMac, a third-party payment processing company, will process the payment. Public Surplus or the City will notify the successful bidder via email that it or the City has received payment. Failure to meet the payment deadline may result in the winning bidder not receiving title to the property. The City will not extend any deadlines for any reason.
If you are the successful bidder, and you fail to submit any balance due on your auction purchase pursuant to these Terms of Sale, you will not become the owner of the subject property. The City and company the City uses to conduct the auction may ban you from future sales. Public Surplus will post pre-registration instructions on the City's Public Surplus Storefront. Contact Public Surplus for instructions and questions pertaining to registration.
The City will NOT allow or accept partial payments. A successful bidder must fully pay for all parcels that they won in the auction. If a party is the successful bidder on multiple parcels, the City will only accept payment in full for all parcels. The City will not allow a successful bidder on multiple parcels to make payments on less than all parcels and the City will deem all such transactions in default and the City may sell the property at a later time or date as allowed by law.
Bidders/buyers can only make a payment by wire transfer in US dollars. NO CASH, CHECKS, OR MONEY ORDERS WILL BE ACCEPTED. There may be additional charges from the financial institutions to complete a wire transfer. The successful bidder is responsible for all fees for making the payment or transferring funds to consummate their bid timely. The City is not responsible or liable for any problems or delays in the bidder/buyer's ability to transfer the funds before any deadline.
Payment/Wire Information
Recipient Business Name: PayMac
2520 Saint Rose Parkway Ste 214
Henderson, NV 89053
Bank Information: Chase Bank
1115 S 800 E
Orem, UT 94097
ABA (Routing Number): 124001545
Account Number: 102908156
When you pay for any property you won, in the Memo section, you MUST put the auction number(s) of the property you are remitting payment for first, then your name or user ID (Example: Auction #654321, 123456789). Write out the word "Auction" and not "Auc" because Auc will cause the bank to hold the wire. Your failure to follow these instructions can result in delays or having the wire sent back to your bank. Please be sure to double-check the payment amount before you send the wire transfer because the wrong amount will cause significant delay or the payment to be returned.
Wire requests are received Monday through Friday, 9 am to 5 pm. Once your payment has been posted you will receive a payment receipt by email. If you have any additional questions or need assistance, please use the live chat, or email support at buyersupport@publicsurplus.com.
Other Terms
The City is not liable for the failure of any device, website, or service which prevents a person from participating in any sale. "Device" includes but is not limited to: computers, cell phones, or other equipment used to access the internet, hardware, networks, software applications, and web sites.
The City retains the right to reject all bids for any reason, withdraw any property from the sale at any time prior to issuing title, or close the auction at any time.
The City may require a bid deposit to ensure fairness to all bidders. The City may return or credit the deposit if the bidder wins and does not default, or the bidder does not win the auction. The City will retain the deposit if the winning bidder defaults.
A bid is an irrevocable offer to purchase property. The City reserves the right to pursue all available legal remedies against a non-paying bidder. The City and the auctioneer may ban any non-paying bidder from future auctions.
Terms Involving Property
Properties are sold "AS IS" and bidder/buyers have a pre-sale obligation to research and inspect the parcel(s) thoroughly.
The City offers all properties for sale on a "buyer beware", "where is", and "as is" basis without any representation or warranty, expressed or implied. Bidder/buyers must conduct all due diligence on the property(s) prior to submitting a bid. Bidder/buyers shall rely solely on their own investigation of the property(s) they wish to bid on and shall not rely on any information provided to or by the City or Public Surplus. By submitting a bid, bidders approve and accept the condition of the property for which they bid and agree to purchase the property and accept the condition of the property "AS IS, WHERE IS" with all faults and patent or latent defects.
Bidder/buyers must do their own research as to whether the property may be subject to liens, encumbrances, or restrictions and whether the property is suitable for their intended use. The City urges bidder/buyers to examine the title, location, and desirability of the properties available to their own satisfaction prior to the sale. The City makes no warranty, either expressed or implied, relative to the usability, location, condition, or livability (occupied or vacant), of any real property for sale, including those with any structures or homes.
The City has not made, does not make, and specifically negates and disclaims any representations, warranties, promises, covenants, contracts, or guarantees of any kind or character whatsoever, whether express or implied, oral or written, past, present, or future, of, as to, concerning, or with respect to any property's value, nature, quality, or condition, the property's compliance with any applicable laws, or any other matter concerning the properties, including without limitation, matters related to Hazardous Substance or Environmental Laws. Under these Terms of Sale, the term "Environmental Law" shall mean: any federal, state, or local statue, regulation, code, rule, ordinance, order, judgement, decree, injunction, or common law pertaining in any way to the protection of human health, safety, or the environment, including without limitation, the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. § 9602 et. seq. (CERCLA); the Resource Conservation and Recovery Act of 1976, 42 U.S.C. § 6901 et seq. (RCRA); the Washington State Model Toxics Control Act, RCW Ch. 70.105; the Federal Water Pollution Control Act, 33 U.S.C. § 1251 et seq., the Washington Water Pollution Control Act, RCW Ch. 90.48, and any laws concerning above ground or underground storage tanks. The term "Hazardous Substance" shall mean: any waste, pollutant, contaminant, or other material that now or in the future becomes regulated or defined under any Environmental Law.
Bidder/buyers shall have no recourse against City of Bridgeport and its employees, elected officials, and departments, and, by submitting a bid, shall waive, release, and discharge forever City of Bridgeport and its employees, elected officials, and departments from any and all past, present, or future claims or demands, and any and all past, present, or future damages, losses, injuries, liabilities, causes of actions (including, without limitation, causes of action in tort), or costs and expenses (including, without limitations fines, penalties, judgments, and attorney's fees) of any and every kind or character, known or unknown, which the bidder/buyer might have asserted or alleged against City of Bridgeport and its employees, elected officials, and departments arising from or in any way related to the condition of the property, including without limitation, matters related to Hazardous Substances or Environmental Laws.
By submitting a bid, to the maximum extent permitted by RCW 64.06 et seq., bidders expressly waive the right to receive from the City a seller disclosure statement ("Seller Disclosure Statement"). If the City provides a Seller Disclosure Statement, it does not create a representation or warranty by the City, nor does it create any rights or obligations on any party.
The City sells properties subject to federal liens, if any, and any other liens in place when the City puts the properties up for bid.
Property photographs are for general representation purposes only. The City will not assume any liability for alleged loss or damages which may result from a bidder/buyer relying on a photograph to purchase a property.
The City has posted the Notice of Sale on a public board and local newspaper. To the best of its knowledge, the City has accurately identified those properties subject to the sale. The City is not responsible for identifying or locating, for prospective buyers, properties that it is auctioning.
Title
City of Bridgeport shall convey to the successful bidder/buyer the title to the property by Quitclaim Deed to only that bidder/buyer. In conveying the property by Quitclaim Deed, City of Bridgeport makes no title warranties whatsoever and the successful bidder/buyer takes subject to all easements, leases, licenses, conditions, encroachments, restrictions, liens, taxes, assessments, fees, charges, interests, and other encumbrances (together "Encumbrances") whether such Encumbrances are of record or not. If someone occupies the property, the bidder/buyer is responsible for removing any occupants.
The City will send the successful bidder the Quitclaim Deed after it or the auctioneer receives the payment, and the appropriate paperwork has been completed through the City Auditor's Office. The City will be unable to complete this process until the bidder/buyer completes and submits all appropriate payment, information, and paperwork to the City.
Exemptions
Per State law, the City will recalculate the taxes due the remainder of the tax year, and the taxes are due to the City.
STANDARD DISCLAIMER
All sales are final-no refunds. The City offers properties for sale, where is, as is, without any representation of warranty, expressed or implied. The bidder/buyer has sole responsibility to determine a property's condition, function, and perceived or assumed value.
Washington State law prohibits certain City officers and employees and their spouses from directly, indirectly, or through an agent purchasing property at this sale. City employees/officers may not bid as an agent of someone else.
All sale property is subject to any easements and assessment liens of other taxing districts and federal liens extinguished by this sale, whether known or unknown. This means that any bidder/buyer is purchasing the property subject to 1) easements of record including public utility easements and public right-of-way easements; 2) the State's reservation of mineral rights or mineral rights which may otherwise by reserved of record; 3) Local Improvements District (LID) Liens as provided by law; 4) abatement to "special assessment liens"; and 5) other interests preserved as a matter of law.