Expresso Stationary Fitness Bike

Bid Opening:  Successful bidders will be contacted after the sale ends.

Payment:           Upon acceptance by the BREC Commission on Thursday, February 25th  successful bidders are required to deliver payment WITHIN 3 DAYS of receiving an invoice from Municibid. All bidders will pay Municibid. All invoices must be paid before equipment is picked up and you must bring copy of paid invoice with you to pick up items.

Important:            See next page for special regulations

SURPLUS SALE REGULATIONS

1          No Warranty

All surplus property is offered for sale A as is @.  No warranty is expressed or implied.

2          Inspection

All property is open to inspection at stated times.  Bidders are responsible for examining the property to determine its condition.  BREC makes no guarantee of condition.  Items may not be in working condition.  Parts and/or components may be missing.

3          Payment Deadline

Successful bidders must make payment (for total sum due) within 3 days from the date that invoices are received. The Commission will meet on Thursday, February 25, 2016. No equipment may be removed until after this date & payment is made in full to Municibid.

4          Pick-Up and Delivery of Goods

Bidders are responsible for accepting and taking possession of their property at a place designated by BREC during normal business hours.  Bidders are responsible for providing the necessary equipment and transportation to pick-up their goods. Pick up of equipment may begin on Monday, February 25, 2016 after payment is made to Municibid..

5          Forfeiture for Non-Payment

Successful bidders must pay the full amount of their bid before any items are removed.  [i]Failure to make full payment may result in forfeiture of the entire bid.  Items not removed by Thursday, February 24, 2016 after acceptance of bids are forfeited by the bidder.  BREC reserves the right to dispose of these items at their discretion.

6          Partial Payment Not Permitted

Successful bidders are required to pay for and take delivery of goods on all their accepted bids.  Partial payment for individually selected items is not allowed.  Failure to make full payment will result in the forfeiture of the items; and the property may be offered for sale to the next high bidder or at the next surplus sale.

7          Employee Bids

Employees may not bid on property.. Bids from employees will not be considered.