[Vision2020] who will bid on the Federal Building?

[Tom Hansen]

Ya mean this stuff, Wayne . . .



http://www.MoscowCares.com/GermerGreensides
  
Seeya round town, Moscow.

Tom Hansen
Moscow, Idaho

"If not us, who?
If not now, when?"

- Unknown



On Jul 19, 2012, at 15:14, Art Deco <art.deco.studios at gmail.com> wrote:

> Bill London asks:
> 
> What are the chances Doug Wilson will grab it?   
> 
> Here's another question:
> 
> When will Doug Wilson pay Larry Germer the over half million dollars Cultmaster Douglas Wilson allegedly owes for work on Greenweeds (Greensides)?
> 
> w.
> 
> 
> On Thu, Jul 19, 2012 at 3:05 PM, Bill London <london at moscow.com> wrote:
> The issue of the ownership of the Federal Building is a big deal for downtown Moscow.  What are the chances Doug Wilson will grab it?   
> 
> BL
> 
>  
> -----------------------------------   
> Federal Building going to auction block
> 
> By Brandon Macz, Daily News staff writer | Posted: Thursday, July 19, 2012 1:00 am
> 
> Whether Latah County or a private interest will acquire Moscow's surplused Federal Building is uncertain, but the gauge will be set next month when the General Services Administration places the property up for public auction.
> 
> A banner advertising the online public auction will be attached to the roof of the Federal Building Friday, said Andrew Schwartz, a realty specialist with GSA's disposal division heading up the property's sale.
> 
> GSA declared the building surplus in November, citing limited revenue, a lack of tenants and $3 million in needed improvements.
> 
> Latah County commissioners had attempted to negotiate with GSA to purchase the building, but were unsuccessful in persuading the federal agency to significantly lower its $1.9-million price tag and take a $300,000 offer.
> 
> The county leases more than 4,000 square feet of office space there.
> 
> Commissioners decided May 30 - a day before the deadline set by GSA for the county to up its offer - to attempt to acquire the building at auction.
> 
> Schwartz said the 60-day online auction starts Aug. 7, and could be extended depending on bid activity.
> 
> "The bidding is sort of the driver for when the auction will actually close," he said. "There's a great deal of potential bidder interest."
> 
> Prospective bidders will have to pay a refundable deposit to participate and a starting bid amount will be set,  however, Schwartz said these costs likely won't be set until next week.
> 
> "If the opening bid's $1.9 million, I'm going fishing," said Latah County Commissioner Tom Stroschein during Wednesday's commission meeting.
> 
> Commissioner Dave McGraw said the commission is focusing first on setting the 2012-13 budget and trying to provide a salary increase for county employees.
> 
> B.J. Swanson, who had been brokering negotiations with GSA for the county, said she believes the federal agency will set its minimum bid at 10 percent of the property's valuation - also set by GSA - based on researching other government auctions.
> 
> "I know there have been other people in the building looking around," she said, "but whether they'll bid, I have no idea."
> 
> Once GSA closes the auction, the winning bidder must provide 10 percent of the bid amount within 10 days with an average 90-day closing date, said Schwartz.
> 
> Schwartz will be giving prospective bidders tours of the Federal Building at noon, 1 p.m. and 2 p.m. on Aug. 2 and Aug. 9 starting at the entrance.
> 
> To follow the auction once it opens, go to realestatesales.gov.
> 
> 
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>  serving the communities of the Palouse since 1994.
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> =======================================================
> 
> 
> 
> -- 
> Art Deco (Wayne A. Fox)
> art.deco.studios at gmail.com
> 
> 
> 
> =======================================================
> List services made available by First Step Internet,
> serving the communities of the Palouse since 1994.
>               http://www.fsr.net
>          mailto:Vision2020 at moscow.com
> =======================================================
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