Executive Director Vernice M. Gumbs of the Virgin Islands Taxicab Commission announces that, under Virgin Islands law, the commission will hold its Annual Veteran Medallion Auction on Dec. 13, 14 and 15. This auction is open to Virgin Islands veterans of the U.S. Armed Services only.
Applications can be picked up at the Taxicab Commission’s Office during regular business 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. 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 present at the time of the auction. Bid envelopes will be publicly opened on the dates and times indicated.
Any person(s) who purchases a medallion at the auction 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. Croix – Wednesday, December 13, 11 a.m., Property and Procurement Conference Room
- St. John – Thursday, December 14, 11 a.m., St. John Administrator’s Office
- St. Thomas – Friday, December 15, 11 a.m. Property and Procurement Conference Room (first floor)
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 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% must be paid in a like manner within ten 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 ten days, the second highest bidder will automatically be awarded the bid.
If there are any questions or additional information is required, contact the Virgin Islands Taxicab Commission Office at 693-4211.
