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Wright County sets reserve price and sealed-bid timeline, schedules public hearing on county property
Summary
After a closed session under Iowa Code 21.5(J), the board set a reserve on a county-owned property, directed sealed-bid procedures with a public hearing on July 20 and an Aug. 10 bid opening, and said bids will be accepted through Aug. 7 at 4 p.m.
The Wright County Board of Supervisors authorized a closed session under Iowa Code Chapter 21.5(J) to discuss a pending real estate transaction and, upon returning to open session, set parameters for a sealed-bid sale of the property.
The board announced it intends to set a reserve price (not publicly disclosed before bids are opened), will accept sealed bids at the auditor's office until 4:00 p.m. on Aug. 7, 2026, and will publicly open bids on Aug. 10, 2026 at 10:00 a.m. The board also scheduled a public hearing on the matter for July 20, 2026, to inform the public of the intended sale. The board said it may call a closed session after bid review if the reserve is not met.
Supervisors questioned the purpose and timing of using a reserve and whether the reserve should be disclosed; supporters said a reserve protects taxpayer dollars by establishing a minimum acceptable price. No reserve amount was disclosed in the meeting transcript.
The board stated that the auditor's office will publish details of the public hearing; the board noted the process will include a sealed-bid procedure and potential closed-session deliberation if necessary when the bids are reviewed.
The board's action followed a roll-call to enter closed session under statutory authority concerning the purchase or sale of particular real estate where premature disclosure could affect price.
