Common use of Land Value Clause in Contracts

Land Value. The underlying real property owned by the State shall be auctioned at public oral auction and sold for not less than the appraised value of the land, which shall be the minimum opening bid at the auction: Appraised Value of the Land: $ Any amount bid in excess of the above appraised value of the land shall only be attributed to the amount to be paid for the land.

Land Value. The underlying real property owned by the State shall be auctioned at public oral auction and sold for not less than the appraised value of the land, which shall be the minimum opening bid at the auction: Appraised Value of the Land: $ Any amount bid in excess of the above appraised value of the land shall only be attributed to the amount Amount to be paid for the land.

Land Value. The underlying real property owned by the State shall be auctioned at public oral auction and sold for not less than the appraised value of minimum bid set by the landland board, which shall be the minimum opening bid at the auction: Appraised Value of Minimum Bid for the Land: $ Any amount bid in excess of the above appraised value minimum bid of the land shall only be attributed to the amount to be paid for the land.