2027-010 Disposition of 73 Stuart Street

The City of Gardner Purchasing Department is soliciting proposals for the disposition and sale of City-owned real property at 73 Stuart Street (M32/24/6), a 0.39-acre parcel with an appraised value of $78,900, with sealed proposals due October 14, 2026 at 1:00 p.m. local time.

The minimum bid is $77,400. Proposers must submit a security deposit equal to ten percent of the proposed price in a separate sealed envelope; the City will retain the deposit if the successful proposer fails to execute required documents or complete the sale within 30 days of proposal opening. The successful proposer must remit full payment plus deed recording fees within 30 days following proposal opening.

Submission requirements include a letter of transmittal, detailed descriptions of intended use and proposed improvements with cost estimates and implementation schedules, financial commitment documentation, and disclosure statements regarding beneficial interests and tax compliance. The proposer must sign a statement under penalties of perjury certifying that neither they nor any other person gaining equity to the property has tax delinquencies.

The City evaluates proposals based on adherence to submission requirements, proposer organization status, site improvement plans, and overall community benefit. The City reserves the right to conduct interviews with selected proposers and to reject any or all proposals not in its best interest.

The property is conveyed subject to all restrictions and conditions of record, environmental conditions, and any persons in actual occupancy. The proposer assumes all responsibility for title examination, environmental testing and remediation, permitting, site plan approval, easement releases, and all associated costs. The City provides no warranties regarding property condition, insurability of title, or marketability. Each party bears its own legal costs. Pro-forma taxes in lieu of real estate taxes must be paid before deed delivery.