LANCASTER - Garrard County Fiscal Court on Tuesday selected Danny Ayres Realty & Auction Co. of Lancaster to handle the sale of the county farm on Poorhouse Road.
Ayres beat out two other firms - The Danny Irvin Group of Lancaster and ERA Team Realtors and Auction Co. of Danville - in sealed bids, said Judge-Executive E.J. Hasty.
The auction will be at 10 a.m. May 8 at the farm. On the block will be 28 tracts.
The bids laid out the auctioneers' terms for handling the sale. In Ayres' winning bid, the company said it would pay for all advertising, survey costs, provide "individual tract signs with acreage" and assist buyers with financing if needed.
It will also impose a 7 percent buyer's premium on all winning bids. The premium is a fee added to the winning bid that the buyer pays to the auctioneer as part of the total purchase price.