Notice is given that the City of Hammond Redevelopment Commission (HRC) will offer at Public Auction certain parcels of real estate more particularly described as Clark Fields Subdivision Lots 1 thru 21 and Lots 25 thru 37 and depicted and/or described on Exhibit “A” (the “Residential Parcels”) on August 3, 2023, at 5:30 o’clock p.m. The auction will be held at the Lost Marsh Golf Course, 1001 129th Street, Hammond, Indiana 46320. The Residential Parcels will be offered individually. No participant or affiliated person or business entity may purchase more than three (3) Residential Parcels.

To be eligible to participate in the Public Auction, participants MUST REGISTER BEFORE THE AUCTION. Registration is available at City Hall, 5925 Calumet Avenue, Hammond, Indiana 46320 at the Redevelopment Department Office, Room 315. YOU MUST REGISTER on or before 4:00 p.m. local time, August 3, 2023, (“the Registration Deadline”) to be eligible to bid at the auction. The registration forms will be available at the Department of Redevelopment located at City Hall 5925 Calumet Avenue, Hammond, Indiana 46320. The registration form must be filled out completely and signed. Each person or entity registering must affirm that they are ready, willing, and able to participate in the auction, and sign an offer sheet which represents and affirms the registrant’s written offer of the minimum price for each parcel being offered at the auction on those parcels the registrant chooses to participate in at the auction.

The auction will begin promptly at 5:30 o’clock p.m. central time on August 3, 2023, at the Lost Marsh Golf Course, 1001 129th Street, Hammond, Indiana 46320. Lots will be sold via public auction in sequential order beginning with Lot 1 and ending with Lot 37. Each lot shall be sold to the highest offer received.

The Public Auction and Offering of the Residential Parcels is made on the conditions set forth below:

Requirements
Purchasers will be required to build a single-family residential structure with a minimum square footage of 2,000 for a ranch and 2,500 for a two-story structure with an attached garage and in compliance with the recorded Covenants, which are available for review at City of Hammond Department of Redevelopment.

The highest offer/bidder on each Lot shall enter into a Purchase Agreement with the HRC within twenty-one (21) days of the Auction. Failure to execute a Purchase Agreement may void the sale, and under those circumstances, HRC reserves the right to offer the parcel for sale on terms and conditions determined by the HRC.

Full renderings and plans of the house shall be provided by Purchaser, and approved by the city planning department, building department, and any other required department within twelve (12) months of the entering into the Purchase Agreement. Construction of the new single-family residential structure shall begin within eighteen (18) months of the entering into of the Purchase Agreement.

AS IS
All Residential Parcels are being sold AS IS.

Title Insurance
HRC shall provide insurable title to the Buyer at the time of closing.

Closing Date
The Transfer of title (deed) and closing will not occur until the plans are approved by the appropriate city departments and construction is ready to commence. Failure to comply with the Purchase Agreement requirements will result in forfeiture of the earnest money deposit and the re-offering of the lot on terms and conditions determined by the HRC.

Minimum Offer
The minimum bid for each parcel shall be as follows: