Taxicab Medallion Auction for Vets

The Virgin Islands Taxicab Commission has announced that it will hold its annual veteran medallion auction. This auction is opened to V.I. veterans of the U.S armed services only. Applications can be picked up at the Taxicab Commission’s Office during regular working hours (Mon-Fri.; 8 a.m. to 3 p.m.). Bid forms must be deposited in the bid box no later than 10 a.m. the day of the auction. Only approved buyers may submit a bid.

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 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