According to Executive Director Vernice M. Gumbs of the Virgin Islands Taxicab Commission, the commission will hold its annual veteran’s medallion auction on Dec. 14, 15 and 16. This auction is open 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 (8 a.m. to 3 p.m., Monday through Friday). Bid forms must be deposited in the bid box no later than 10 a.m. on the day of the auction.
Applications must be taken to the Office of Veterans Affairs for verification of eligibility as a U.S. Virgin Islands veteran on the island for which the bid is scheduled. Bid applicants must be preent at the time of auction.
Bid envelopes will be publicly opened on the dates and times indicated.
Any person(s) who purchases a medallion at the auction pursuant to this subsection is prohibited from transferring said medallion by sale, lease or otherwise, within three years of purchase. Thereafter. such transfer or sale must be to another eligible veteran.
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. John – 11 a.m., Wednesday, Dec. 14, St. John Administrator’s Office
- St. Thomas – 11 a.m., Thursday, Dec. 15, Property and Procurement Conference Room, first floor
- St. Croix – 11 a.m., Friday, Dec. 16, Property and Procurement Conference Room
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% 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% 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 someone have any questions or requires additional information, contact the Virgin Islands Taxicab Commission’s Office at 693-4211.