Invitation for Sealed Bids for 14746 Pine Knolls Lane and 0 Virginia Foothills Drive

APN: 016-490-27 AND 016-490-32

GENERAL INFORMATION

In accordance with Chapter 268 of the Nevada Revised Statutes, Truckee Meadows Water Authority (“TMWA”) has adopted a “Resolution No. 309 Approving the Sale of Surplus Property” to sell certain real property by public auction/sealed bids to the highest bidder for a minimum purchase price of $75,000.00 (plus any closing costs per the purchase agreement).  Bidders shall submit one original sealed written bid in a single envelope which must be received by Sonia Folsom, Executive Assistant, at TMWA’s corporate office at 1355 Capital Boulevard, Reno, Nevada 89520, no later than 3:00 pm on January 6, 2023.  At a Public Hearing during the January 18, 2023, TMWA Board Meeting, the Board will open written bids and call for oral bids before accepting any written bid.  Oral bids must be at least 5% higher than the highest written bid.  Oral bidders must also complete the bid form (leave off your bid price), and submit it to Sonia Folsom, Executive Assistant at TMWA’s corporate office at 1355 Capital Boulevard, Reno, Nevada 89520 or sfolsom@tmwa.com, no later than 3:00 pm on January 6, 2023.  The property known as Assessor Parcel Numbers 016-490-27 and 016-490-32 located at 14746 Pine Knolls Lane/0 Virginia Foothills Drive are a combined .48 acres of vacant land.

The successful bidder will be required to submit a non-refundable $10,000.00 Deposit in the form of a Cashier’s check upon Board acceptance of the bid.

INQUIRIES

Inquiries regarding this property may be made to Heather Edmunson, Lands Administrator, Truckee Meadows Water Authority, 1355 Capital Boulevard, Reno, NV  89520, Phone (775) 762-4162, or by email hedmunson@tmwa.com.

DOCUMENT LINKS:

Pine Knolls and Virginia Foothills Aerial Exhibit (PDF)

Offer (Bid) to Purchase Real Property - Pine Knolls and Virginia Foothills (Word document download)

Pine Knolls and Virginia Foothills Property Purchase and Sales Agreement (Word document download)

14746 Pine Knolls Updated Title Report (PDF)

0 Virginia Foothills Updated Title Report (PDF)