ESBD_480566_1768948814126_RFB 2025-080 Zoom Information.pdf

This Zoom Information file provides instructions for the public bid opening related to the City of Waco, Texas's property sale of a residential property located at 3600 River Bend Lane. The bid submission deadline is February 6, 2026, at 2:00 P.M. CT, with the public bid opening conducted via Zoom video conferencing commencing at 2:01 P.M. CT on the same date. Questions regarding the bid must be submitted to the City by January 23, 2026, at 5:00 P.M. CT, with the City Council expected to make a final selection by February 20, 2026. The property comprises approximately 5.485 acres and includes a 4-bedroom, 2-bathroom residential structure with a two-car carport and sunroom featuring river views along the Brazos River. The current lease on the property extends through July 1, 2026, with possession available on July 2, 2026. All bidders must submit proof of cash funds or a loan pre-qualification letter, along with required documentation including Conflict of Interest Questionnaires, Business Identification Forms, and Litigation Disclosure statements.

The minimum bid requirement is $750,000, with the total potential award value of $750,000 or higher depending on the highest responsive bid received. The property is being offered "as-is" with no guarantees regarding condition, utility availability, or code compliance, and the City will not provide title insurance, surveys, or brokerage fees. The successful bidder must execute the Purchase and Sale Agreement within 15 business days of bid acceptance and deposit earnest money of a minimum 1% of the sale price within 5 business days of agreement execution. Closing must occur within 25 days of the effective date for cash purchases, with the City requiring 15 business days prior to closing to review documents. The property is located in both 100-year and 500-year floodplain areas, requiring flood insurance. The City retains a 50% reservation of oil, gas, and other minerals, and bidders must waive protest rights regarding any municipal wastewater treatment plant on adjacent property.