Description
This public notice announces the City of Wilmington’s intent to sell approximately 17,780 sq ft of land located at 908 & 922 N Front Street. The City has an existing offer of $1,157,000 and invites any party to submit a qualifying upset‑bid that exceeds the baseline offer by a statutory increment (10 % of the first $1,000 plus 5 % of the remainder). Bids, accompanied by a 5 % deposit, must be delivered in person to the City Clerk by 3:00 PM on October 17 2024. The highest qualifying bid will be reviewed by City Council within 45 days, after which a purchase contract will be executed and must close within 30 days of its effective date. The sale is “as‑is,” with no warranties; the buyer must obtain a survey and bear all closing costs.