The Ysleta Independent School District is soliciting proposals for the sale of Ranchland Middle School, located in El Paso, Texas. The property includes a certain tract of land, together with any and all easements, right-of-way, privileges, benefits, contract rights, development rights, permits, licenses or approvals, improvements, or appurtenances arising from, pertaining to or associated with said real estate. The sale will be conducted through a competitive sealed proposal process, and the district reserves the right to reject any or all proposals.
Key aspects of the proposal include:
• The property is being sold on an "as is", "where is" and "with all faults" basis, without representations, warranties or covenants, express or implied, of any kind or nature.
• The buyer will be responsible for conducting its own due diligence concerning the purchase of the property.
• The sale is subject to the terms and conditions set forth in the sale and purchase agreement, including the payment of a purchase price, the delivery of a special warranty deed, and the proration of taxes and rollback assessments.
• The buyer will have the option to terminate the agreement if the seller fails to deliver a title commitment or if the buyer discovers any encumbrances or exceptions to the title.
• The sale is contingent upon the buyer's inspection and approval of the property, and the buyer may elect to terminate the agreement if it discovers any defects or issues with the property.