District 11

Nov. 29, 2007

Contact: Public Information Officer Edward Cartagena Phone: (619) 688-6670

Caltrans to Hold Public Auction of Excess Land

SAN DIEGO –The California Department of Transportation (Caltrans) has rescheduled the public auction cancelled in October due to wildfires. The Department will offer twelve properties for sale on Friday, November 30, in the Gallegos Conference Room, at Caltrans District Office, 4050 Taylor Street. Registration will open at 9 a.m. and the oral auction will begin at 10.

The commercial and residential parcels are located in La Mesa, Lemon Grove and Spring Valley. Two of the residential lots have improvements. Appraised values have been evaluated in light of the current market and minimum bids have been reduced on some properties previously offered. Minimum bids range from $8,600 to $320,000.

A registration fee of $7,500 will be required for each property and should be in the form of cashier’s check, certified check or money order, payable to the Department of Transportation. An Option Deposit of 10 percent of the winning bid will be due by December 7, 2007. Registration fees will be applied to the deposit for winning bidders and will be returned to non-winning bidders. All sales are subject to approval by the California Transportation Committee and must be finalized by January 29, 2008.

Excess land is property that Caltrans originally acquired for a transportation project or other operational need, such as a maintenance station. The property becomes excess when the Department determines that it will no longer be necessary for a transportation project or other operational need. Proceeds from the sale of excess land are deposited into the State Highway Account and used for future transportation projects.

For more information about the auction, please see the auction brochure at www.dot.ca.gov/property or contact Bruce Berlau, (619) 688-6106 in the Caltrans Right of Way Division.

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