Vacant surplus land will be sold at public auction pursuant to the Clark County Department of Aviation Surplus Land Sale Policy and procedures set forth in NRS 244.282.
Auctions for sales are conducted at the Joint Meeting of the Clark County Board of Commissioners (BCC). Staff will first present a Resolution of Intent to Sell Real Property at Public Auction (“Resolution”) agenda item for BCC approval. The Resolution will identify the appraised fair market value of the property, public auction date, and terms of sale. Meeting agendas may be viewed at the Clark County Public Communications website.
Information on upcoming auctions will be posted below as it becomes available, click on the listed parcel number to view location and additional property details. For vacant land auctions, parcels will be sold in units comprised of either a single parcel or multiple parcels. Reference the parcel number column to view the corresponding parcel(s) for each sales unit. Subscribe to receive automatic email notifications on upcoming auctions and the sale results.
Surplus Land Auctions:Click here to read the Bidder Instructions
Property for Sale by Public Auction on August 16, 2016:
The Strip, LLC
Durango Warm Springs, LLC
Rainbow Arroyo Commons, LLC
Past Surplus Land Auctions:June 07, 2016
November 18, 2014
Bidder Instructions for the August 16, 2016 AuctionBack to top of page
On July 5, 2016, Clark County (County) approved an ROI to sell its leased fee interest in three ground leases: The Strip, LLC, Durango Warm Springs, LLC and Rainbow Arroyo Commons, LLC (the Property). Each Property will be sold to the highest bidder at public auction on the terms and conditions set forth in the ROI. The public auction will be held on Tuesday, August 16, 2016, at 1:00 p.m. in the Commission Chambers at the Clark County Government Center, 500 S. Grand Central Parkway, Las Vegas, Nevada, during the regular BCC meeting, at which time and place all sealed bids will be opened, examined and declared and oral bids will be taken under the below terms and conditions.
The County is utilizing the services of Ten-X to market the Property, pre-qualify and register bidders, and conduct the live online and oral auction (Auction) at the Commission Chambers through the use of its website. The minimum acceptable bid, bidder deposit, ROI, registration link, and other pertinent information is available in the above table.
Anyone interested in making either a written sealed bid or oral bid must register on the Ten-X website, links provided in the above table, for the specific Property. Interested parties will have to meet the pre-qualifying criteria to be approved as a bidder and register for the Auction. As a part of the registration process a bidder must (i) provide Ten-X with tangible proof of readily available funds up to such bidder’s maximum offer price, and (ii) place the required bidder deposit through the Ten-X website by wire transfer or cashier’s check.
The registration period begins on July 11, 2016 and ends on August 15, 2016. All questions regarding the Property and Auction must be submitted through the Ten-X website.
Any sealed bid must be made on the County’s bid form available on the Ten-X website under the Due Diligence Tab for the Property. Only sealed bids submitted by bidders who have completed registration shall be considered valid.
Sealed bids will be accepted in person or via a trackable delivery service at the Clark County Department of Real Property Management office, located on the 4th floor of the Clark County Government Center, 500 S. Grand Central Parkway, Las Vegas, Nevada 89155 prior to 4:30 p.m. PST on August 15, 2016. All sealed bids must be signed and submitted in sealed envelopes clearly marked on the outside: “ATTN: LORI DOUGLAS, RE: REAL PROPERTY MANAGEMENT, Q3 2016 GROUND LEASE AUCTION, ___________ GROUND LEASE" [INSERT THE SPECIFIC GROUND LEASE: THE STRIP, LLC, DURANGO WARM SPRINGS, LLC, OR RAINBOW ARROYO COMMONS, LLC]. THE BIDDER’S NAME, BIDDER NUMBER, EMAIL ADDRESS, AND TELEPHONE NUMBER MUST ALSO APPEAR ON THE OUTSIDE OF THE ENVELOPE. Bidders will be contacted to confirm receipt of their sealed bids. Any sealed bids received and time-stamped after the deadline will not be considered.
To begin the Auction, sealed bids will be opened first, examined and declared by the BCC before calling for oral bids. After the sealed bids are declared, the highest sealed bid will be published online. The Auction shall continue by calling for oral bids. The initial oral bid must be in an amount equal to 5% above the highest sealed bid. If there are no sealed bids at or above the minimum bid price, the starting bid at the Auction will be amount equal to the minimum bid price.
During the Auction, bids can be made in person at the Commission Chambers or online via the Ten-X website. All bids submitted prior to or during the Auction shall be irrevocable. When making a bid in person, the bidder will state the bid amount to the Ten-X auctioneer and when acknowledged, such bid will be entered into a computer terminal in the Commission Chambers operated by Ten-X and thereafter published on the Ten-X website. When making an online bid, the bidder will enter the bid via the Ten-X website and the Ten-X auctioneer will read the amount into the record during the Auction.
The BCC reserves the right to determine which bids conform to all terms and conditions specified in the ROI for each Property. The BCC may reject any and all bids, either written or oral, and withdraw the Property from sale. The final acceptance or rejection of any bid may be made at the same meeting or at any adjourned session of the same meeting held within 10 days.
It is the bidders’ responsibility to review the due diligence documents available on the Ten-X website and any other documents bidder deems necessary, to inspect the Property and to determine the Property’s condition, value, current zoning district and master plan designation, access, matters affecting title, applicable development codes, and all other pertinent information about the Property. Bidders are encouraged to consult with a licensed real estate broker, contractor, attorney, financial advisor, tax advisor, and/or other relevant professionals.
The County will not provide bidders with the opportunity to inspect the Property and/or perform any testing of the Property. All bids should be based solely on a bidder’s independent due diligence.
The County is selling the Property in its “as-is” condition and under the assumption that the successful bidder’s acquisition of the Property is based upon the bidder’s independent investigation. The County makes no representations or warranties regarding the Property’s physical condition or stability, the existence of hazardous materials on or under the surface of the Property, the Property’s suitability for the bidders’ purposes or for any other purpose, the Property’s value, current zoning district, master plan designation, or access, or matters affecting title, or applicable development codes.
The Property shall be conveyed by quitclaim deed subject to the ground lease, existing liens, encumbrances, covenants, conditions, restrictions, reservations, rights-of-way, and easements. The Property shall be conveyed subject also to the Restrictive Covenant and Reservation of Avigation and Clearance Easement, attached as Exhibit B to the ROI, to ensure that future uses are compatible with airport operations.
The Property is to be sold for cash. Ten-X shall email to successful bidders a copy of the Purchase and Sale Agreement (PSA), attached as Exhibit C to the ROI, within 2 hours of the BCC's final acceptance of the highest bid. The successful bidder shall electronically execute and deliver to Ticor Title Company the non-negotiable PSA for the Property within 2 hours of the PSA being sent to the successful bidder, unless a longer time-frame is specified in writing by Ten-X and County. Escrow will open upon Ticor Title Company’s receipt and acceptance of executed PSA (Opening of Escrow) executed by buyer. On or before 5:00 p.m. PST on the first business day following the BCC's final acceptance of the highest bid, the successful bidder shall deposit with Ticor Title Company a non-refundable earnest money deposit of 10% of the highest bid. If the successful bidder fails to timely deliver the non-refundable earnest money deposit or timely execute and deliver the PSA, the next highest bidder may submit a non-refundable deposit equal to 10% of their bid as provided in this paragraph and execute the PSA within 24 hours of notification by Ten-X and/or the County. If the next highest bidder makes the deposit and executes the PSA as provided in this paragraph, such bidder will be deemed to be the successful bidder. The deposit shall be applied towards the purchase price.
In the event the successful bidder or any other bidder wishes to take title to the Property in the name of an entity (not as an individual), such bidder may be required to provide the entity formation documents and resolutions authorizing the purchase required by the BCC or Ticor Title Company.
The deadline for close of escrow is 30 days (Closing Period) after the Opening of Escrow. If the successful bidder fails to close escrow within the Closing Period unless such failure to close is due to a County default under the terms of the PSA or failure of a closing condition not resulting from the successful bidder’s default (i) the County may terminate the PSA and escrow, (ii) the County may retain the non-refundable earnest money deposit(s) as liquidated damages, as more specifically set forth in the PSA, (iii) Ticor Title Company is irrevocably instructed to immediately release the earnest money deposit to the County upon such an event without further instruction or court order, and (iv) the County may award the second highest bidder with the opportunity to complete the sale of the Property.
Any individual who submits a sealed or written bid on behalf of an entity shall be deemed to have represented and warranted that such individual has the legal power, right and authority to bind the entity to purchase the Property on the terms contained in the ROI.
All bidders shall be deemed to have represented and warranted that either they, or the entity or individual they represent, have the funds necessary to pay the amount bid and all costs associated with the appraisal, advertising, publication, Auction and sale of the Property.
In the event any of the other documents outlining the Auction process and/or terms of the Auction conflict with ROI, the ROI shall control.Back to top of page