SALE OF REAL ESTATE

The El Paso Water Utilities Public Service Board (EPWater) is soliciting bids for the sale of approximately 600 acres of real estate located in the City of El Paso, El Paso County, Texas. The property is being sold "AS IS" and the successful bidder will be responsible for conducting their own archeological and environmental surveys of the property. The minimum acceptable bid amount is $5,920,000, and the successful bidder must pay all closing costs, including title insurance, advertising, appraisals, and survey fees. The conveyance of the property will be subject to a restrictive covenant, and the successful bidder will be required to grant easements to EPWater at no cost for stormwater and drainage purposes. Key points to consider: • The property is approximately 600 acres in size • The minimum acceptable bid amount is $5,920,000 • The successful bidder will be responsible for conducting their own archeological and environmental surveys of the property • The conveyance of the property will be subject to a restrictive covenant • The successful bidder will be required to grant easements to EPWater at no cost for stormwater and drainage purposes