Following are the procedures for the TDA Land Disposition Process, in outline form. Please contact the TDA office for the date(s) of the next sale.

• TDA Facilities will open at 8:45a.m. on the day of sale.
• Hand-outs which outline our processes will be posted at the conference room entrance on the day of sale.
• Prior to beginning any sales activities, TDA will explain its intent or purpose for the disposition process. In brief, the process:
  • Affords individuals or potential residents the opportunity to acquire lots prior to builder/developer solicitations
  • Provides everyone with an equal opportunity to purchase and eliminates the concept of “first come first served.”
  • Eliminates negations, as all properties are sold at Full Market Value (FMV) based on the property’s appraisal.

Following is an overview of the registration process and how the disposition lots will be awarded:

The lot registration process:

TDA will announce each property. Lots requiring special attention will disclosed at this time. The process for awarding lots (Single interest and multiple interest sites) also will be discussed.

• Prospective buyer’s will execute the required documentation and submit their earnest deposit
  • Prospective buyers will sign and date the Registration of Prospect form
  • Prospective buyers will sign and date an Offer Letter
  • Prospective Buyers will submit Good Faith deposit/Escrow funds
  • The TDA will provide a photocopier to supply awardees with a copy of the appropriate documentation and of their check