The Virgin Islands Taxicab Commission will hold its annual veteran medallion auction on Dec. 14, 15 and 16. This auction is open to Virgin Islands veterans of the armed services only.
Applications can be picked up at the 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.
Applications must be taken to the Office of Veterans Affairs for verification of eligibility as a U.S. Virgin Island veteran on the island for which the bid is scheduled. Bid applicants must be present at the time of auction. Bid envelopes will be publicly opened on the date and times indicated.
Any persons who purchase a medallion at auction pursuant to this subsection is prohibited from transferring said medallion by sale, lease or otherwise, within three years of purchase. Thereafter, such transfer, lease or sale must be to another eligible veteran.
Only approved buyers may submit bids.
Two (2) medallions for each island will be auctioned to approved U.S. Virgin Islands veterans on the following dates and times:
· St. Thomas- Wednesday Dec. 14, 11 a.m.—Taxicab Commission’s Office, Sub Base
· St. John- Thursday Dec. 15, 11 a.m. – St. John Administrator’s Office
· St. Croix-Friday Dec. 16, 11 a.m. – St. Croix Taxicab Commission’s Office, Golden Rock Shopping Center
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 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 in cash, money order, or certified check to the Virgin Islands Taxicab Commission. The remaining balance of 90 percent 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.
Any questions or requests for additional information should be directed to the V.I. Taxicab Commission at 693-4211 ext. 4002.