Executive Director Vernice M. Gumbs, of the Virgin Islands Taxicab Commission is reminding the general public that pursuant to Title 20, Section 407(c) of the VI Code, the Commission will hold its Annual Veteran Medallion Auction on Dec. 11, 12, and 13.
This auction is OPENED TO VIRGIN ISLANDS VETERANS OF THE US ARMED SERVICES ONLY.
Applications can be picked up at the Taxicab Commission’s Office during regular business hours (Mon – Fri.; 8 a.m. – 3 p.m.). Bid forms must be deposited in the bid box no later than 10 a.m. on the day of the auction.
Only approved buyers may submit a bid
Two medallions for each island will be auctioned to approved U.S. Virgin Islands Veterans on the following dates and times:
• St. Thomas – Wednesday, Dec. 11, 11 a.m. Property & Procurement Conference Room 1st Floor.
• St. Croix – Thursday, Dec. 12, 11 a.m. Taxicab Commission’s Office.
• St. John – Friday, Dec. 13, 11 a.m. St. John Administrator’s Office.
The minimum acceptable bid is set at $20,000 for St. Thomas, $20,000 for St. John and $8,000 for St. Croix.
A 10 percent down payment of the bid amount (nonrefundable 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 by 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.
Should you have any questions or require additional information, please contact the Virgin Islands Taxicab Commission’s Office at (340) 693-4211.
