Soft Close. If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.
Soft Close. If a property in the online auction receives a bid within the last 3 minutes of the auction, then the auction end time (close time) will automatically extend the auction and additional 3 minutes before closing. The “soft close” feature will continue to extend the bidding opportunity for 3 minutes with each newly placed bid and the property shall not close until 3 minutes have elapsed with no additional bid activity.
Soft Close. The District shall continue to maintain the Pool in a manner that will allow it to be reopened at a later date (hereafter referred to as “soft close”), provided that at least 50% of the costs of such maintenance are funded by Partners as provided herein, and provided that the District’s share of costs for such maintenance do not exceed one percent (1%) of the District’s levy funding. These “soft close” costs include, but may not be limited to, maintaining water and chemicals in the Pool, heating the building, and upkeep of the general Pool apparatus, and maintaining the structure that houses the Pool. The current estimated costs maintaining the facilities during a “soft close” is $38,000 per year; however, the parties recognize that this amount could increase or decrease based on factors beyond the parties’ control.
Soft Close. This is a simulcast auction, the auction will close at the sole discretion of the auctioneer.
