Lot 1, Block 1, Shoemaker Bay Subdivision II

Parcel Number: Lot 1, Block 1 Property Type: Vacant Land Lot Size (Acres): 17,107 square feet Zoning: Single-Family Medium Density Condition: SEE DESCRIPTION The subject property is vacant land. This subject property is zoned Single-Family Medium Density. The subject property is 17,107 square feet. To view the Borough Webpage - Alder Top Village Subdivision Land Sale Information, please follow this link: Alder Top Village Subdivision - Residential Land Sale | Wrangell Alaska Please read through the attached appraisal thoroughly before bidding. If you are the successful bidder, please note that at auction close, a 5% buyers premium and a $43.00 recording fee will be added to the total bid price. Also, your $1000.000 deposit will be refunded you, once paid in full. SALE TERMS: The winning bidder shall sign a Purchase Agreement within ten (10) days of the closing of the auction, which will include land covenants. The property may be purchased with 20% of the winning bid amount as down payment, payable within ten (10) business days from the signing of the Purchase Agreement, with the balance due to the Borough in sixty (60) days. NOTE THAT THERE IS NO BOROUGH-FINANCING AVAILABLE. TIME TO BUILD: As a material condition of the sale, the purchaser shall complete construction on the property of at least one residential dwelling permitted under applicable zoning, building codes, and other applicable laws within five (5) years after the date the deed conveying the property to the purchaser is recorded. The Purchase and Sale Agreement and quitclaim deed shall set forth the applicable development requirements, including the development deadline, extension provisions, default and cure provisions, transfer and encumbrance provisions, and the Borough’s repurchase option. Please read through the attached Restrictive Covenants thoroughly. The Restrictive Covenants will be recorded with plat and will be indefinitely attached to the property. If bidder does not pay in full within the times specified in this section, they shall forfeit their $1000 deposit and the parcel shall be offered to the next highest bidder from the Public Surplus Site. Payments must be made by Certified or Cashier’s Check or wire transfer. Purchaser shall be responsible for all recording fees with the State Recorder’s Office. Purchaser will be required to obtain any necessary federal/state/local permits for development of the land. These permits may include, but are not limited to, Corps of Engineers, Local building permit or other land use permits. If you are not the successful bidder, your $1000.00 deposit will be refunded to you immediately but may take 3-5 days to show up. CONTACT INFORMATION: For general questions - Kate Thomas 874-2381 For utility questions - Tom Wetor 874-3904 For electrical questions - David McHolland 874-3602 IMPORTANT INFORMATION REGARING UTILITIES: Access is available to each lot by way of Zimovia Highway. Stub-outs will be installed to the property boundary line …