PUBLIC AUCTION OF FEE SIMPLE PROPERTY BY THE MARYLAND DEPARTMENT OF TRANSPORTATION OFFICE OF REAL ESTATE AND ECONOMIC DEVELOPMENT IN COOPERATION WITH THE STATE HIGHWAY ADMINISTRATION Under the provisions of Section 8-309 of the Transportation Article of the Annotated Code of Maryland: AUCTION TO BE CONDUCTED: Wednesday, April 20, 2016 at 11:00 a.m. on the premises. The Auction will commence with registration beginning at 10:30 a.m. Please follow directional signage. SUBJECT: The former Wells Fargo Bank, et al property. Auction to be held for a 0.37 +/- acre parcel located in the southeast quadrant of the MD 638 intersection with Holsinger Road, Frostburg, Maryland in Allegany County. The apparent zoning is Residential. For further information on any zoning issue, please contact the County zoning office at 410-777-2199. In responding to this ad or for the purposes of any questions, please refer to MMC #12-1068. TERMS OF SALE: A deposit in the form of a certified or cashiers check in the amount of $2,000.00 shall be required from the successful bidder at the time of the Auction, and shall be payable to the State Highway Administration (SHA). The balance of the purchase price must be paid at time of settlement, or the deposit may be forfeited to the Maryland Department of Transportation (MDOT) or SHA and the property disposed of in whatever manner the MDOT or SHA may determine, without any further obligation or liability to the bidder. Settlement must occur within ninety days of Notice of Acceptance of bid offer by the Administrator, SHA and/or the Board of Public Works. Any extensions must be granted, in writing, by the MDOT. The MDOT reserves the right to reject any and all bids. IMPORTANT NOTICE: All property information contained herein is subject to independent verification by any and all interested parties; whereas it is believed to be accurate it is in no way warranted. A requested bid is only a starting point for the Auction, and may not be accepted by the MDOT if it is not commensurate with the appraised value of the property, or there could be other reasons for the rejection of all bids. This sale is governed by the standard conditions, reservations, restrictions and covenants governing the sale of real property by the MDOT/SHA. Any questions regarding the Auction may be directed to: Mr. Glen Carter Team Leader, Real Estate Services Office of Real Estate and Economic Development Phone: 410-865-1270 Maryland Department of Transportation Toll-free: 1-866-242-9405 P.O. Box 548 Fax: 410-865-1385 7201 Corporate Center Drive, MS 470 Email: gcarter@mdot.state.md.us Hanover, Maryland 21076 Website : www.mdotrealestate.com Adv.: April 3, 10
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