Invitation to Bid-880 Refinery Loop

The City of North Pole, Alaska, is offering its foreclosed parcel at 880 Refinery Loop to the highest qualified bidder in a sealed‑bid auction. Bids must be submitted on the official form in a sealed envelope by August 31, 2026 (2:00 PM). The minimum acceptable offer is $35,000; the property is sold “as‑is” with no warranties, and the buyer must cover all closing and recording costs. After the award, the winning bidder has seven days to execute a purchase‑and‑sale agreement; if they fail, the award passes to the next highest bidder. The process is governed by Ordinance 2026‑08, which also permits a fallback “first‑come” sale if the sealed‑bid process does not result in a sale. • Minimum bid: $35,000; property sold without warranty. • Sealed‑bid deadline: August 31, 2026 (2 PM) – bids opened publicly at City Hall. • Buyer responsibilities: pay full purchase price at closing, assume all closing, recording, and waiver‑of‑disclosure costs. • Award process: highest qualified bidder awarded; must sign agreement within 7 days, otherwise next‑highest bidder considered.