IFB 26-048 Sale of Surplus Immovable Property - Formerly Comm. Dev.

Location:	Louisiana
Posted:	Sep 2, 2026
Due:	Sep 29, 2026
Agency:	City of Shreveport
Type of Government:	State & Local
Category:	99 - Miscellaneous
Publication URL:	To access bid details, please log in.

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City of Shreveport, Louisiana

SALE OF SURPLUS IMMOVABLE PROPERTY (i.e. REAL PROPERTY)

INVITATION FOR BID

IFB #26-048

Sale of Surplus Immovable Property – Formerly Community

Development - 401 Texas Street

INDEX

Page Numbers

Bid Invitations (DO NOT RETURN THIS PAGE)

Property Description

Instructions to Bidders

4-5

Bid Form (COS BID FORM #1) MUST BE RETURNED WITH YOUR BID

Bid Bond Form (COS BID FORM #2) MUST BE RETURNED WITH YOUR BID

Format for the Return Envelope

IF ANY REQUIRED BID FORMS ARE OMITTED, YOUR BID MAY NOT BE CONSIDERED

Appraisal Report Dated May 4, 2026

Ordinance

ATTACHMENT

5 pages

3 pages

This IFB may be downloaded from The City of Shreveport’s web site at

www.shreveportla.gov/Solicitations. It shall be the Bidder’s responsibility to make inquiry as to the

addenda issued. All inquiries pertaining to this request shall reference the IFB number as shown

above. Revised 08-15-2017

Page 1 of 8

AN INVITATION FOR YOU TO RESPOND WITH A FORMAL SEALED OR ELECTRONIC BID

DATES ADVERTISED:

September 2, 2026

September 9, 2026

September 16, 2026

Mailing Date:

September 2, 2026

DO NOT RETURN THIS PAGE - FAXED OR EMAILED BIDS NOT ACCEPTED

INVITATION FOR BID (IFB)

City of Shreveport

Renee Anderson, Purchasing Agent

MBA, CPPO, CPPB, NIGP-CPP

SEALED BIDS SHOULD BE HAND DELIVERED OR MAILED TO:

City of Shreveport

Office of the Purchasing Agent

Government Plaza

505 Travis Street; Suite 610

Shreveport, LA 71101-3042

BID MUST BE RECEIVED NOT LATER THAN 2:00 P.M. ON: Se pte m be r 2 9 , 2 0 2 6

THEN PUBLICLY OPENED

Bid Number: IFB # 26-048

Bid Title:

Sale of Surplus Immovable Property – Formerly

Community Development - Located at 401 Texas

PREBID CONFERENCE: N/A

E-MAIL QUESTIONS TO: angela.mcnicoll@shreveportla.gov 7 working days before the opening or fax to: 318-673-5408

Bids received after the time specified for opening cannot be considered for an award.

Page 2 of 8

PROPERTY DESCRIPTION

Surplus Immovable Property (i.e. real property) and all improvements thereon – Formerly Community Development

Municipal Address: 401 Texas Street, Shreveport, LA 71101

Legal Description: LOTS 15 & 16, BLK. 32, SHREVEPORT Geo #181437-138-31

Land Description: The site contains approximately 12,057 square feet, described without benefit of a survey, and the shape

is rectangular. It fronts about 80.38 feet on the south side of Texas Street, with a depth of brand 150 feet, on the west side of

Edwards Street, a corner site. The valuer is not aware of any adverse easements or encroachments. The site is level and at

grade. It has service by public utilities. It is zoned D-1-CBD Downtown Core Sub-District, and the current use seems

compliant.

Improvement Description: Improvements include an existing 61,800 square foot property that includes a Four-Story Office

Building with 37,370 square feet of finished office area and 9,800 square feet of unfinished area, described with benefit of

plans, but no written specifications. The municipal address is 401 Texas Street. The construction is concrete and steel with

finished marble and concrete exterior walls. The interior includes predominantly painted and vinyl papered panels and drywall,

and the flooring is predominantly tile, and carpet. Site improvements include concrete parking and drive area, in the basement,

which once served as a drive-up banking teller area. The property is in average condition, except that the fourth floor is about

82% unfinished. The type of construction is similar to average quality, “steel reinforced masonry” construction.

Page 3 of 8

INSTRUCTIONS TO BIDDERS

1.0

AWARD CRITERIA

1.1

In accordance with Ordinance No. 72 of 2026, the hereinabove described property and all improvements

thereon shall be auctioned and awarded as one (1) single item to the highest responsive and responsible

bidder by the advertisement for sealed bids.

1.2

The minimum bid for the hereinabove described property and all improvements thereon is to be fixed at FIVE

HUNDRED SEVEN THOUSAND DOLLARS ($507,000), the appraised fair market value. Bids below the

fixed “minimum bid” amount cannot be accepted.

2.0

TIME LIMIT

2.1

Your bid will be considered as a firm offer for not less than forty-five (45) days from date submitted.

2.2

In order for your sealed bid to be considered for an award you must turn it in to the Office of the Purchasing

Agent not later than the time and date specified herein.

2.3

Bids received after 2:00 p.m. on the date specified for the receipt thereof shall not be considered for an award.

3.0

BID FORMAT

3.1

All bids must be submitted in the City of Shreveport bid format provided herein and must be signed by an

official of the bidding firm who has specific authorization to obligate himself/herself and/or his/her firm to the

terms of this bid.

3.2

Each sealed bid shall include a bid bond or a bank cashier's check for ten percent (10%) of the bid. If this

bid bond or bank cashier's check is not included with the sealed bid, the bid shall be rejected. No personal

checks can be substituted for the bid bond or the bank cashier's check for ten percent (10%) of the bid. This

bid bond or bank cashier's check shall be made payable to: City of Shreveport.

The successful bidder’s bid bond or bank cashier’s check shall be held by the City Purchasing Division until

the sale is closed and shall be subject to forfeiture in the event the Purchaser does not purchase the subject

property pursuant to his/her bid.

In the case of unsuccessful bids, the bid bond or bank cashier's check submitted with the bid shall be

returned by the City to the unsuccessful bidder(s) once the successful bid is awarded.

4.0

PAYMENT

4.1

The successful bidder shall have forty-five (45) days from the notification of the award of bid by the City within

which to purchase the hereinabove described property.

4.2

The City’s Property Management Section, or its designee, shall prepare the Act of Sale and conduct the

closing. All costs of any survey, title examination, title insurance, and the recording of the cash sale deed with

the Caddo Parish Clerk of Court shall be paid for by the Purchaser.

5.0

DIRECTIONS FOR SUBMITTING BIDS

5.1

Envelopes containing bids must be sealed, marked and addressed as follows.

See the envelope format on page 8 of this solicitation.

CITY OF SHREVEPORT

OFFICE OF THE PURCHASING AGENT

505 TRAVIS STREET, SUITE 610

SHREVEPORT, LOUISIANA 71101

Envelopes to be marked in the lower left corner:

BID NUMBER: IFB # 26-048

ITEM/PROJECT NAME: Sale of Surplus Immovable Property – Formerly Community

Development – located at 401 Texas Street, Shreveport, Louisiana 71101

5.2

The sealed bids will be stamped with the time and date by the Purchasing Office as soon as they are received

in Government Plaza, 505 Travis Street, Suite 610, Shreveport, Louisiana 71101.

Page 4 of 8

6.0

6.1

6.2

6.3

6.4

6.5

6.6

6.6.1

6.6.2

6.6.3

7.0

7.1

7.2

7.3

INSTRUCTIONS TO BIDDERS (continued)

TERMS OF SALE

During the bid process, prospective bidders shall be granted access to the premises at all reasonable times

for the purpose of inspection, including inspections by professionals and experts, and for survey of the

property; if desired. Prospective bidders shall contact SPAR to set up an appointment with at least 24 hours’

notice: Russell DeLancy, e-mail Russell.DeLancy@shreveportla.gov phone 318-673-7838.

The successful bidder shall have forty-five (45) days from the notification of the award of bid by the City within

which to purchase the hereinabove described property.

The City’s Property Management Section, or its designee, shall prepare the Act of Sale and conduct the

closing. All costs of any survey, title examination, title insurance, and the recording of the cash sale deed with

the Caddo Parish Clerk of Court shall be paid for by the Purchaser.

Occupancy of the premises shall be granted to the Purchaser on the date of sale.

In the event that the City of Shreveport’s title is not valid and cannot be cured within a reasonable period of

time and at a reasonable expense, as evidenced by the Seller's inability to obtain for Purchaser a policy of

owner's title insurance, without exceptions to ownership, at the standard cost of said policy, then the bid

bond/cashier’s check submitted by the successful bidder or purchaser shall immediately be returned to

Purchaser and Seller shall pay Purchaser for his/her reasonable out-of-pocket expenses, such as survey

fees, attorney fees and banking fees, but the City shall not be liable for travel expenses, mileage, loss of

income, loss of usage and/or loss of enjoyment of the property.

The Act of Sale shall contain the following conditions and paragraphs similar to the following:

To the extent permitted by law, the City shall reserve unto itself all oil, gas and other minerals and mineral

rights, whatsoever, in, on or under the described Property to be transferred.

To the extent permitted by law, the City shall reserve unto itself all air rights, whatsoever, in or above the

described Property to be transferred to the extent it does not infringe on federal regulations or statutory

impositions.

The Seller conveys the hereinabove described property and the improvements and the structure and/or

structures located upon the hereinabove described property in "AS IS" condition and the Purchaser

acknowledges that the hereinabove described property and the improvements and the structure and/or

structures are sold "AS IS" and without any warranty except that of Seller's ownership and to be free from and

unencumbered by any liens, encumbrances and/or mortgages. The Purchaser acknowledges that he/she

inspected the hereinabove described property and the improvements and the structure and/or structures and

accept the said hereinabove described property and the improvements and structure and/or structures in "AS

IS" condition. The Seller conveys the said hereinabove described property and the improvements and the

structure and/or structures to Purchaser without any warranty of condition whatsoever and particularly

concerning latent defects which, although unknown to both parties, may exist in said improvements and the

structure and/or structures. [Latent defects include but are not limited to damage from wood boring insects,

structural damage, defective and/or inoperable appliances, defects in the heating and/or cooling system,

defects in the water system, defects in the sewerage system and/or defects in the electrical system.] The

Purchaser acknowledges that he/she is not relying upon any representation, statement or warranty that has at

any time been made by the Seller or any of its designated agents, as to the physical condition or state of

repair of the premises herein sold in any respect and that the purchase price takes into consideration the

present condition of the said premises. The Purchaser waives all rights to seek repairs and/or recision of the

sale, including but not limited to Louisiana's implied in law warranties and/or redhibition. The Purchaser

acknowledges this said waiver of the implied in law warranty under Louisiana Civil Code Article 2520, et seq,

and/or for diminution of the purchase price pursuant to Louisiana Civil Code Article 2541, et seq. and/or for

fitness for the Purchaser's ordinary or intended use pursuant to Louisiana Civil Code Article 2524, et seq. This

said comprehensive waiver being a waiver of all warranties of condition and all rights to any subsequent

redhibitory action or any other similar action against the Seller.

CHANGES TO THE BID DOCUMENTS

Changes to the information listed herein shall only be made by a written amendment.

It shall be the Bidder’s responsibility to make inquiry as to the amendments issued before any bid is

submitted.

The City of Shreveport reserves the right to cancel and/or reject any and/or all bids and to waive insignificant

requirements.

Page 5 of 8

This is the opportunity summary page. It provides an overview of this opportunity and a preview of the attached documentation.

IFB 26-048 Sale of Surplus Immovable Property - Formerly Comm. Dev. - 401 Texas St.

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See also