City of Redding Surplus Property

The City of Redding Surplus Property

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City of Redding Public Parking Lot #2

Currently, the City is accepting sealed bids, to be received no later than 5 pm, February 20, 1997, for the following property:

Description City of Redding Public Parking Lot #2. A 150' X 140' commercial property located in downtown Redding on the northwest corner of East and Butte Streets across from Redding Medical Center. The parcel is level and at the street grade. All parking meters will be removed from the property prior to transfer of ownership. Public Parking Lot #1 adjacent to and west of this property is available under a separate bid announcement.

Date Sealed bids will be accepted until 5 PM, February 20, 1997. Bids should be submitted to Assistant Planner Sue Thompson at the address below. Bids will be opened at 3 PM, February 21, 1997, in Conference Room "B," at City Hall located at 760 Parkview Avenue. After sealed bids are opened, oral bids will be accepted. The initial oral bid must be at least 5% higher than the highest sealed bid. Subsequent bids must be in increments of not less than $500. The successful bidder will be awarded a 30-day option to purchase the property.

Zoning and General Plan The Redding General Plan designation is Retail Commercial and the zoning is C-2, Central Commercial District.

Offer Minimum Bid: $275,000
A deposit equal to 10% of the bid, in the form of a cashier's check, certified check or money order, is required at the time of bid submittal. Personal checks will not be accepted. Immediately after the bid opening and any subsequent oral bidding, deposits shall be returned to the unsuccessful bidders.

For further Information Contact:
Sue Thompson, Assistant Planner
City of Redding - Redevelopment Division
760 Parkview Avenue
Redding, CA 96001
(916) 225-4423

Access Legal and physical access will be from East Street, a city street, which runs along the property's easterly boundary. In addition, there is alley access to the westerly property boundary from both Tehama and Butte Streets.

Utilities City of Redding power, sewer, and water are available to the property. PG&E gas and Pacific Bell telephone are also available.

Title
Exceptions
and
Reservations The sale of this property is subject to all matters of public record and any easement, claim of easements, or reservations not of record. The City of Redding does not assume any liability for any possible encumbrances on this property. Prospective bidders should consult with local title companies if more complete information regarding property title is required. A preliminary title report has been issued to the City and will be made available to prospective bidders upon request.

Legal Description PARCEL 1:
LOT 4, BLOCK 17, ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP RECORDED IN BOOK OF OLD PLATS AT PAGE 65, SHASTA COUNTY RECORDS.
ASSESSOR'S PARCEL NUMBER 101-040-26
PARCEL 2:
LOT 5, BLOCK 17, ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP RECORDED IN BOOK OF OLD PLATS AT PAGE 65, SHASTA COUNTY RECORDS.
ASSESSOR'S PARCEL NUMBER 101-040-27
PARCEL 3:
LOT SIX (6) OF BLOCK SEVENTEEN (17) OF THE ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP OF THE ORIGINAL TOWN OF REDDING ON FILE IN THE OFFICE OF THE COUNTY RECORDER OF SHASTA COUNTY, CALIFORNIA.
ASSESSOR'S PARCEL NUMBER 101-040-28
Assessor's Plat

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For further information contact Sue Thompson at (916) 225-4423 (voice) or (916) 225-4126 (FAX) or e-mail at shaddox@ci.redding.ca.us.

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Description	City of Redding Public Parking Lot #2. A 150' X 140' commercial property located in downtown Redding on the northwest corner of East and Butte Streets across from Redding Medical Center. The parcel is level and at the street grade. All parking meters will be removed from the property prior to transfer of ownership. Public Parking Lot #1 adjacent to and west of this property is available under a separate bid announcement.
Date	Sealed bids will be accepted until 5 PM, February 20, 1997. Bids should be submitted to Assistant Planner Sue Thompson at the address below. Bids will be opened at 3 PM, February 21, 1997, in Conference Room "B," at City Hall located at 760 Parkview Avenue. After sealed bids are opened, oral bids will be accepted. The initial oral bid must be at least 5% higher than the highest sealed bid. Subsequent bids must be in increments of not less than $500. The successful bidder will be awarded a 30-day option to purchase the property.
Zoning and General Plan	The Redding General Plan designation is Retail Commercial and the zoning is C-2, Central Commercial District.
Offer	Minimum Bid: $275,000 A deposit equal to 10% of the bid, in the form of a cashier's check, certified check or money order, is required at the time of bid submittal. Personal checks will not be accepted. Immediately after the bid opening and any subsequent oral bidding, deposits shall be returned to the unsuccessful bidders.
For further Information	Contact: Sue Thompson, Assistant Planner City of Redding - Redevelopment Division 760 Parkview Avenue Redding, CA 96001 (916) 225-4423
Access	Legal and physical access will be from East Street, a city street, which runs along the property's easterly boundary. In addition, there is alley access to the westerly property boundary from both Tehama and Butte Streets.
Utilities	City of Redding power, sewer, and water are available to the property. PG&E gas and Pacific Bell telephone are also available.
Title Exceptions and Reservations	The sale of this property is subject to all matters of public record and any easement, claim of easements, or reservations not of record. The City of Redding does not assume any liability for any possible encumbrances on this property. Prospective bidders should consult with local title companies if more complete information regarding property title is required. A preliminary title report has been issued to the City and will be made available to prospective bidders upon request.
Legal Description	PARCEL 1: LOT 4, BLOCK 17, ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP RECORDED IN BOOK OF OLD PLATS AT PAGE 65, SHASTA COUNTY RECORDS. ASSESSOR'S PARCEL NUMBER 101-040-26 PARCEL 2: LOT 5, BLOCK 17, ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP RECORDED IN BOOK OF OLD PLATS AT PAGE 65, SHASTA COUNTY RECORDS. ASSESSOR'S PARCEL NUMBER 101-040-27 PARCEL 3: LOT SIX (6) OF BLOCK SEVENTEEN (17) OF THE ORIGINAL TOWN (NOW CITY) OF REDDING, AS PER MAP OF THE ORIGINAL TOWN OF REDDING ON FILE IN THE OFFICE OF THE COUNTY RECORDER OF SHASTA COUNTY, CALIFORNIA. ASSESSOR'S PARCEL NUMBER 101-040-28