2. Insurance value of the auction
must be paid in cash
or by check on the name of the city authority no later than the
auction session date and it will be refunded for unsuccessful
candidates .
3. Successful candidates must pay 25 % of the price of the plot in
addition to administrative expenses and expenses of the Board of
Trustees and the remaining of the price will be paid according
to one of two ways:
• payment within a period not exceeding three months from the date
of the auction.
• paying over 3 equal annual installments plus interest at the
Central Bank of Egypt at the time of payment and the interest is
charged from the date of the auction until the date of maturity in
addition to 0,5% administrative expenses , the first installment
(installment + interest) is due after a year of the auction date in
addition to bank checks of all the installments including the
benefits on the name of the city authority .
3. Those interested in entering the auction can preview plots on the
ground during official working hours.
5. Auction is subject to the provisions of law No. 89 of 1998.
6. Auction dossier is available starting on Sunday 2013/2/3 upon
payment of 100 pounds / Copy "only hundred pounds " at
the above mentioned city authority headquarters .
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