Sale of Property - 2115 E Frankford Road, Carrollton

The Carrollton-Farmers Branch Independent School District is seeking bids for the sale of approximately 4.884 acres of real property located at 2115 E Frankford Road, Carrollton, Texas 75007. The property is being sold "as is and where is, with any and all latent and patent defects and faults," and the sale is subject to various conditions and reservations. The minimum acceptable price for the property is $3,830,000. Bidders must submit their bids in sealed envelopes, and the bid package must include the completed bid form, earnest money in the amount of $5,000, and other required documents. The district reserves the right to accept any bid, reject any or all bids, and waive any informality in bids received. Some key points to consider include: • The property is being sold subject to various conditions and reservations, including validly existing easements, rights-of-way, and prescriptive rights, and all presently recorded and validly existing restrictions, reservations, covenants, conditions, oil and gas leases, mineral interests outstanding in persons other than the grantor. • The sale of the property is made on an "as is" condition and basis with all faults, and the buyer acknowledges that it has made its own physical inspection of the property and has satisfied itself as to the condition of the property for its intended use. • The buyer will be responsible for any environmental problems affecting the property, including liability under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the Resource Conservation and Recovery Act (RCRA), the Texas Solid Waste Disposal Act, or the Texas Water Code. • The buyer must provide evidence of insurance for its proposed survey or inspection activities and must notify the seller in advance of its plans to conduct tests.