December 13, 2017 5:17 am Last modified: 5:09 am

Taxicab Commission Schedules Medallion Auctions for Veterans

Taxi cabs on St. Thomas

Executive Director Levron Sarauw Sr. of the Virgin Islands Taxicab Commission has announced it will hold its annual veterans’ medallion auction on Dec. 13, 14 and 15. This auction is open to Virgin Islands veterans of the U.S. Armed Services only.

Applications can be picked up at the commission’s office during regular working hours (8 a.m. to 3 p.m., Monday through Friday). Bid forms must be deposited in the bid box no later than 9 a.m. the day of the auction for St. Thomas, St. John and two days before for St. Croix.

Applications must be taken to the Office of Veterans Affairs for verification of eligibility as a U.S. Virgin Island veteran on the island for which the bid is scheduled. Bid applicants must be present at the time of auction. Bid envelopes will be publicly opened on the date and times indicated below.

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Any persons who purchase a medallion at auction pursuant to this subsection is prohibited from transferring said medallion by sale or otherwise within three years of purchase.

Only approved buyers may submit a bid.

Two medallions for each island will be auctioned to approved USVI veterans on the following dates and times:

  • St. Thomas: at 11 a.m., Wednesday, Dec. 13, in the Taxicab Commission’s Office, Sub Base
  • St. John: at 11 a.m., Thursday, Dec. 14, in the St. John Administrator’s Office.
  • St. Croix: at 11 a.m., Friday, Dec. 15, in the St. Croix Taxicab Commission Office, 3274 Estate Richmond.

The minimum acceptable is bid set at $20,000 for St. Thomas, $20,000 for St. John and $8,000 for St. Croix.

A 10 percent down payment of bid amount (non-refundable deposit if the sale is not consummated) is required at the time of the bid or no later than 3 p.m. on the same day. This down payment must be paid in money order or certified check payable to the Government of the Virgin Islands. No payment will be accepted in cash.

The remaining balance of 90 percent must be paid in a like manner within 10 days after the date of the auction sale at which time a Certificate of Entitlement and the medallion will be issued. If the sale is not consummated within the allotted 10 days, the second highest bidder will automatically be awarded the bid.

Any questions or requests for additional information should be directed to the Virgin Islands Taxicab Commission at 693-4211, ext. 4002

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