REQUEST FOR PROPOSALS FOR THE ACQUISITION AND DEVELOPMENT OF REAL ESTATE LOCATED AT 108 W. SHERMAN STREET, MONROE, IOWA, PARCEL #1736286007 AND LEGALLY DESCRIBED AS: 66’X150’ OF NE CORNER BLOCK 94 ORIGINAL PLAT MONROE, IOWA.
The City of Monroe is requesting proposals from developers who wish to acquire the real estate described above for new construction or rehabilitation of commercial property. Property is sold as-is. Proposals should include information on developer’s experience in construction and development. Information regarding the proposed use of the acquired property should also be included, along with the amount the developer is willing to pay for the lot (must be at least $20,000.00) and schedule for completion. Proposals must be submitted to City Hall on or before January 9, 2023 at 4:00 P.M. Property will be subject to development agreement and minimum assessment agreement. Project to be completed within 18 months and to have a minimum assessment value of $75,000.00. The City may choose to reject any all proposals. Buyer to receive Warranty Deed and abstract showing marketable title. Usual Buyer and Seller expenses. Buyer must rehabilitate and maintain property according to Monroe City Code standards.