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Treasurer opens sealed-bid process for trustee-held properties; catalogs $20
Summary
The treasurer’s office announced a sealed-bid auction for trustee-held properties running through Aug. 28; paper catalogs cost $20 at the treasurer’s office and an electronic version is available online.
The treasurer’s office representative described the sealed-bid process for properties held with trustees, saying the process starts the day of the meeting and runs through Aug. 28. The speaker explained catalogs cost $20 at the treasurer’s office or can be purchased online and that bids may be submitted in sealed envelopes or electronically; bids are opened centrally and the highest bidder wins.
The speaker outlined the mechanics: sealed bids are submitted to the treasurer’s office (or online), envelopes are opened by the office and the highest bidder receives the property. No committee action was required beyond the informational announcement.
