Description
The City of North Pole, Alaska, is offering its foreclosed parcel at 880 Refinery Loop to the highest qualified bidder in a sealed‑bid auction. Bids must be submitted on the official form in a sealed envelope by August 31, 2026 (2:00 PM). The minimum acceptable offer is $35,000; the property is sold “as‑is” with no warranties, and the buyer must cover all closing and recording costs. After the award, the winning bidder has seven days to execute a purchase‑and‑sale agreement; if they fail, the award passes to the next highest bidder. The process is governed by Ordinance 2026‑08, which also permits a fallback “first‑come” sale if the sealed‑bid process does not result in a sale.
• Minimum bid: $35,000; property sold without warranty.
• Sealed‑bid deadline: August 31, 2026 (2 PM) – bids opened publicly at City Hall.
• Buyer responsibilities: pay full purchase price at closing, assume all closing, recording, and waiver‑of‑disclosure costs.
• Award process: highest qualified bidder awarded; must sign agreement within 7 days, otherwise next‑highest bidder considered.