Method of Selection. 4.1 Should bids of the same amounts be received, the bid with the earliest date and time stamp will be first considered. 4.2 The designation and acceptance of a purchaser for the subject parcel will be made by a vote of the Board of Selectmen. Only those who submit bids to purchase will be considered. 4.3 The bidder satisfying the requirements of this Invitation for Bids who submits the bid with the highest and best offer to purchase will be selected. 4.4 The closing on the subject parcel must occur within ninety (90) days after the Board of Selectmen’s vote to designate the purchaser, or said designation shall expire. No extensions shall be granted, except to provide additional time, if needed, to complete a hazardous materials investigation. 4.5 If the Board of Selectmen’s designation of a purchaser expires, the Board reserves the right to designate the person with the next highest and best bid as the purchaser, in which case the closing must occur within ninety (90) days of the selection of the next highest and best bid.
Appears in 5 contracts
Samples: Invitation to Bid, Disposal of Surplus Land, Disposal of Surplus Land
