UDOT Surplus Properties Auction Set …

UDOT Surplus Properties Auction Set …

FOR IMMEDIATE RELEASE

UDOT surplus properties auction set for June 5-12

 Following the successful inaugural auction using its new online platform, UDOT will conduct next auction of 15 surplus properties June 5- 12

Salt Lake City, UT (May 15, 2019) The Utah Department of Transportation (UDOT) is conducting an online auction of 15 surplus properties June 5 -12. For more information on the properties, visit www.UDOTauctions.Utah.gov.

UDOT launched and successfully auctioned off its first series of surplus properties using its new, innovative online auction platform in March. With nearly 90 approved bidders from four states, the online auction was an overwhelming success.

“We are extremely pleased with the results of our first online auction event and very encouraged with the buyer market receptivity to our newly created platform and program designed for UDOT,” said Rod McDaniels, UDOT’s deputy director of right-of-way. “It allows us to sell surplus parcels with wide market exposure and more efficiencies at scale.”

The upcoming online auction June 5-12 includes commercial lots, residential development and land. Register to bid at https://udotauctions.bidwrangler.com/accounts/sign_in

The UDOT auction website provides round-the-clock access to UDOT property slated for auction and allows qualified buyers an opportunity to bid in real time. The auctions comply with state law and accompanying administrative rule R907-80.

“This new platform is very user-friendly for the bidders,” said Louis B. Fisher, III, national director of SVN Auction Services, which worked closely with UDOT in launching the auction platform. “UDOT established a framework and we worked in concert with them within that framework. It’s been a tremendous relationship. Based on the response to the first auction, it’s the right solution–the right platform.”

Contacts
Louis B. Fisher, III, CAI, National Director, SVN Auction Services, 954-931-0592 / fisherL@svn.com
Ken Zeszutko, Z Corp. PR / 321-213-1818 / kenz@zcorppr.com

SVN Auction Services Awarded Contract to …

SVN Auction Services Awarded Contract to …

FOR IMMEDIATE RELEASE

SVN Auction Services awarded contract to support UDOT to meet mandate to sell surplus real property 

SVN Auction Services builds electronic online auction platform to enable the Utah Department of Transportation to accelerate and close sales of surplus real property as mandated by Utah state legislature

Salt Lake City, UT (February 20, 2019) – SVN Auction Services has been awarded a five-year contract with the Utah Department of Transportation (UDOT) to create and manage an electronic online auction platform and clearinghouse to streamline sales of surplus real property owned by UDOT.

The UDOT SVN-managed online auction platform accelerates surplus real property sales for UDOT.  The service and website address at www.UDOTauctions.Utah.gov delivers 24/7 access to UDOT auction-related information allowing interested parties to register for opt-in email notifications. It also allows real-time mobile platform bidding for qualified buyers.

“Based on our extensive national online auction experience, we have created an online solution to maximize value for UDOT,” said Louis B. Fisher III, national director of SVN Auction Services. “This allows the department to more efficiently direct all sales-related proceeds back into the Transportation Fund to offset future transportation developments costs.”

The website is currently live. The first online auction starts advertising in February and goes live March 13-20, with nine surplus properties to be sold.

Working in full collaboration with the national SVN Auction Services team, SVN Alta Commercial, the SVN Salt Lake City office provides local brokerage activities for the auctions.

“This partnership is exactly what we need to assist us in creating a new process and platform to meet our department’s goals and initiatives,” said Rod McDaniels, UDOT’s deputy director of right of way.

The surplus land auctioning process is governed by Utah Administrative Code R907-80 (Disposition of Surplus Land), establishing the process required for UDOT to dispose of real property declared as surplus to the state’s needs.

Contacts
Louis B. Fisher III CAI, National Director, SVN Auction Services, LLC, 954-931-0592 / fisherL@svn.com
Ken Zeszutko, Z Corp. PR / 321-213-1818 / kenz@zcorppr.com