Nevada Division of State Lands will take sealed bids for one Washoe County residential building allocation until May 29 at 3pm.

The minimum bid is $15,000 and the successful bidder will be responsible for costs associated with the transfer of the allocation from the Division of State Lands. These costs may include application fees, preliminary title reports and escrow costs.

A deposit equaling 10 percent of the bid must be submitted with the bid in the form of a money order or cashier’s check made out to First American Title Company in an envelope marked “Sealed Bid-Residential Allocation.” The successful bidder must also submit an application to purchase the allocation by June 14.

An application form is available by contacting Elyse Randles at (775) 684.2735.