4-RFO 26-012DE - FBISD Lakeview Auditorium - Sale of Land Bid Package.pdf

RFO 26-012DE

REQUEST FOR SEALED OFFERS FOR THE SALE OF

APPROXIMATELY 1.41 ACRES OF REAL PROPERTY AND IMPROVEMENTS

LOCATED THEREON BY

FORT BEND INDEPENDENT SCHOOL DISTRICT

Introduction:

Fort Bend Independent School District (“FBISD” or the “District”) is soliciting sealed offers to for the purchase of real property owned by FBISD in accordance with Texas Local

Government Code Section 272.001, and pursuant to the terms and conditions set forth in this

Request for Sealed Offers.

Property:

The property to be sold by the District, consists of approximately 1.41 acres located near Lakeview Elementary School, as depicted and described in the attached Exhibit A

(“Property”). Note that the Property would be conveyed subject to all applicable restrictions, including, without limitation, any existing use restrictions, and the conveyance will not include mineral rights.

Instructions:

1. All offers must be submitted on the form of Letter of Intent attached hereto as Exhibit

B (“Letter of Intent”).

2. To submit an offer, the offeror must complete all sections of the Letter of Intent and submit the Letter of Intent, along with any attachments that Offeror may wish to include, through the District’s Bonfire Procurement Portal at https://fortbendisd.bonfirehub.com/portal/.

3. The Letter of Intent must include, by separate attachment, a description of offeror’s proposed land development/utilization plan for the Property.

4. The completed Letter of Intent form and related attachments must be submitted in accordance with these instructions NO LATER THAN WEDNESDAY, NOVEMBER

12, 2025.

FBISD reserves the right to negotiate and execute a backup contract for the Property.

In the event an acceptable offer is not received by the deadline, the Property shall remain for sale, and the offer period shall remain open until an acceptable offer is received, and a sale and purchase agreement is executed by FBISD.

https://fortbendisd.bonfirehub.com/portal/

5. THE ATTACHED LETTER OF INTENT, ONCE EXECUTED BY AN

OFFEROR, CONSTITUTES AN OFFER TO PURCHASE THE PROPERTY, AND

MAY CREATE LEGAL OBLIGATIONS ON THE OFFEROR. AN OFFER MAY

ONLY BE ACCEPTED BY FORMAL ACTION OF THE FORT BEND

INDEPENDENT SCHOOL DISTRICT BOARD OF TRUSTEES. OFFERORS MAY

WISH TO HAVE AN ATTORNEY REVIEW THE LETTER OF INTENT TO ADVISE

THEM AS TO THE EFFECTS THEREOF.

6. FORT BEND INDEPENDENT SCHOOL DISTRICT DOES NOT MAKE AND

SPECIFICALLY DISCLAIMS ANY AND ALL WARRANTIES OR

REPRESENTATIONS OF ANY KIND OR CHARACTER, EXPRESS OR IMPLIED,

WITH RESPECT TO THE PROPERTY, INCLUDING, BUT NOT LIMITED TO,

PHYSICAL OR ENVIRONMENTAL CONDITIONS, THE VALUE, CONDITION,

MERCHANTABILITY, PROFITABILITY, SUITABILITY OR FITNESS FOR A

PARTICULAR USE OR PURPOSE OF THE PROPERTY. POTENTIAL OFFERORS

SHALL ACKNOWLEDGE AND AGREE THAT THE PROPERTY SHALL BE

CONVEYED, AND PURCHASER SHALL ACCEPT THE PROPERTY "AS IS,

WHERE IS," WITH ALL FAULTS. WITHOUT LIMITING THE FOREGOING, THE

FORMAL SALE AND PURCHASE AGREEMENT SHALL CONTAIN PROVISIONS

WHEREBY OFFEROR UNCONDITIONALLY RELEASES FBISD FROM ANY AND

ALL LIABILITY OR OBLIGATION ARISING OUT OF THE CONDITION OF THE

PROPERTY, INCLUDING, WITHOUT LIMITATION, THE PHYSICAL OR

ENVIRONMENTAL CONDITION THEREOF, THE COMPLIANCE OF THE

PROPERTY WITH ANY APPLICABLE LAWS, AND OTHER SIMILAR MATTERS.

7. FORT BEND INDEPENDENT SCHOOL DISTRICT RESERVES THE RIGHT TO

REJECT ANY OR ALL OFFERS FOR THE PURCHASE OF THE PROPERTY, WAIVE

INCONSISTENCIES, OR NEGOTIATE OR MAKE COUNTER-OFFERS. FBISD

RESERVES THE RIGHT TO CONSIDER OTHER FACTORS IN ADDITION TO THE

PURCHASE PRICE OR OTHER TERMS WHEN CONSIDERING WHETHER OR NOT

TO ACCEPT AN OFFER. SUCH FACTORS INCLUDE, BUT ARE NOT LIMITED TO,

AD VALOREM TAXATION AND IMPACT OF AN OFFER ON FORT BEND

INDEPENDENT SCHOOL.

8. THE CONVEYANCE OF THE PROPERTY SHALL NOT INCLUDE

MINERAL INTERESTS, AND SHALL BE SUBJECT TO ALL MATTERS OF

RECORD AND ALL MATTERS THAT A CURRENT SURVEY OF THE PROPERTY

WOULD REVEAL.

9. Property condition documents, to the extent within the District’s possession, can be made available to interested parties upon request, without any representations as to their truth or accuracy of such documents.

10. Questions regarding these procedures or the Property should be addressed in writing through the District’s Bonfire Procurement Portal at https://fortbendisd.bonfirehub.com/portal/.

https://fortbendisd.bonfirehub.com/portal/

EXHIBIT A

[Property Description or Depiction]

EXHIBIT B

[Letter of Intent Form attached]

LETTER OF INTENT

FORT BEND INDEPENDENT SCHOOL DISTRICT

Fort Bend Independent School District

Material Management Office

Attn: Doris Emeka/Purchasing Department

555 Julie Rivers Dr.

Sugar Land, TX 77470

Re: RFO 26-012DE - Letter of Intent to (“Letter of Intent”) purchase an approximately 1.41-acre tract of land located ___________________________, in Fort Bend County, Texas, as generally depicted in Attachment 1 hereto, and improvements located thereon (the “Property”).

Dear Ms. Emeka:

Offeror submits the following offer for the above-described Property. Offeror acknowledges that, if accepted by the Fort Bend Independent District’s (“FBISD” of the

“District”) Board of Trustees, such purchase transaction would be subject to the following material terms, to be finalized by the parties in a Sale and Purchase Agreement (“Contract”) to be approved by Offeror and the District:

1. Offeror’s Legal Name: ____________________________________

2. Offeror’s Contact Information:

3. Purchase Price: The purchase price (“Purchase Price”) for the Property shall be a total cash purchase price of ____________________, or ______ per square foot.

Applicable property taxes will be prorated through the date of closing.

4. Earnest Money: If this offer is selected by the District for negotiation, Offeror shall, within five (5) business days of notification of such selection, deliver to the Title

Company an earnest money check or wire in the amount of no less than $10,000.00 (the

“Earnest Money”) made payable to Stewart Title, Attn: Katelynn Korenek (the “Title

Company”), and referencing the following: “Earnest Money- 1.4 - Acres Lakeview

Auditorium - RFO 26-012DE /Offeror Name.”

5. Proposed Land Use: Offeror’s proposed use for the Property will be

_______________________________________________________ and a development plan and additional information is included and submitted herewith (if applicable).

6. Survey and Verifications: Within ____ days after Contract execution, FBISD will provide to Offeror a copy of the most recent survey of the Property, to the extent within the District’s possession. Any additional surveys or certifications may be obtained by Offeror, at Offeror’s expense no later than ____ days following the effective date of the Contract.

7. Title Commitment: Within ______ days after Contract execution, the Title

Company would, at the expense of ______________, provide a Title Commitment to the

Offeror covering the Property.

8. Review Period: Offeror would be allowed a period of 10 days after receipt of both the Survey and Title Commitment to make written objections to matters affecting title to the Property being acquired.

9. Feasibility Period: To allow sufficient time to perform the necessary studies, inspections, and assessments related to the Property, FBISD will grant Offeror a period of ____ days from the effective date of the Contract (the “Feasibility Period”) to conduct such studies, inspections, and assessments on the Property, to be conducted at Offeror’s cost and expense.

Within 10 days after the effective date of the Contract, FBISD will submit to Offeror copies of all available environmental reports and/or drainage studies related to the Property, to the extent such documents are within the District’s possession, without any representation as to the truth or accuracy of such documents.

If, prior to the expiration of the Feasibility Period, Offeror elects to terminate the

Contract for any reason, Offeror may do so upon providing written notice to the District prior to the expiration of the Feasibility Period. In the event of such termination, Offeror would then receive a full refund of the Earnest Money, less independent consideration equal to

$____________.00 for such option.

10. As-Is, Where-Is: FBISD DOES NOT MAKE AND SPECIFICALLY

DISCLAIMS ANY AND ALL WARRANTIES OR REPRESENTATIONS OF ANY KIND

OR CHARACTER, EXPRESS OR IMPLIED, WITH RESPECT TO THE PROPERTY,

INCLUDING, BUT NOT LIMITED TO, PHYSICAL OR ENVIRONMENTAL

CONDITIONS, THE VALUE, CONDITION, MERCHANTABILITY, PROFITABILITY,

SUITABILITY OR FITNESS FOR A PARTICULAR USE OR PURPOSE OF THE

PROPERTY (AND ANY IMPROVEMENTS THEREON, IF APPLICABLE).

ACCORDINGLY, OFFEROR ACKNOWLEDGES AND AGREES THAT THE

PROPERTY SHALL BE CONVEYED AND OFFEROR SHALL ACCEPT THE

PROPERTY "AS IS, WHERE IS," WITH ALL FAULTS.

11. Closing: Closing of the transaction would take place at Title Company, within

30 days following expiration of the Feasibility Period (the “Closing Date”), unless otherwise agreed to by the Parties.

Please be advised that, once accepted by the FBISD Board of Trustees, this Letter of

Intent is a binding offer to purchase the Property. The parties agree to execute a Contract in accordance with the material terms of this Letter of Intent, or any other additional terms as negotiated by and acceptable to Offeror and FBISD.

Signature of Authorized Representative of

Offeror

Printed Name

Date

ATTACHMENT 1

TO LETTER OF INTENT

PROPERTY