Description
This municipal procurement is a public notice announcing the sale of a roughly 17,780‑square‑foot parcel at 908 & 922 N Front Street, Wilmington, NC. The City has an existing baseline offer of $1,157,000 and will accept any qualifying upset‑bid that meets the statutory increase formula (minimum $100 plus 5 % of the amount over $1,000). Bids must be sealed, delivered in person to the City Clerk by the deadline, and accompanied by a 5 % deposit. The highest qualifying bid, once approved by the City Council within 45 days, will become the final offer and be formalized in an “Offer to Purchase and Contract” that must close within 30 days of the effective date. The sale is “as‑is,” with no warranties, requiring the buyer to conduct surveys and any necessary environmental assessments at their own cost.