Wednesday, April 23 2014 5:20 PM EDT2014-04-23 21:20:41 GMT
Brandon Montrece Brooks has been arrested. Police say he was stopped on Interstate 80 at approximately 2:46 p.m. on April 23, 2014 by the Illinois State Police in LaSalle County. He was taken into custody without incident.More >>
Brandon Montrece Brooks has been arrested. Police say he was stopped on Interstate 80 at approximately 2:46 p.m. on April 23, 2014 by the Illinois State Police in LaSalle County. He was taken into custody without incident. More >>
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KWQC 24/7 Weather is our 24 hour weather channel. It's available here at KWQC.com, on Mediacom Channel 247 (in the Quad Cities), over the air on Digital 6.2 or you can call your local cable company to ask for KWQC 24/7 Weather.More >>
In order to pay back the City of Dixon, the U.S. Marshals Service is auctioning off Rita Crundwell's assets.
The former city comptroller owns two houses and two farms which, at market value, are worth about $2.8 million.
She also owns 400 horses. And Thursday, as part of the horse auction process, the U.S. Marshals Service gave groups of people tours around one of her ranches.
The U.S. Marshals say the horse ranch on Red Brick Rd. in Dixon, IL is expected to be the site of a live horse auction later this summer.
It's imperative that Crundwell's 400 horses are sold, so the city of Dixon can make some money back.
Thursday afternoon there was a line to get past the front gates of the property. Auction contractors showing up from all over the United States to get the "lay of the land."
The people visiting the ranch want to be hired by the federal government to run the live auction. But before they submit a proposal of how they plan to run an auction, they get a chance to see what they're working with.
Being chosen as the auctioneer could mean getting a commission on each and every horse auctioned off. For example: $1,000 in commission on 400 horses sold, brings in $400,000 for that auctioneer.
But, the U.S. Marshals Service says there's a lot of risk in this venture. The winner of the bid will have to pay to care for the horses, they have to pay for hired laborers, and they have to pay for advertising. Successful advertising means a successful auction.
When it comes to winning the bid, the U.S. Marshals Service is looking at three criteria:
The technical approach -- how the bidder plans to run the auction.
Past experience -- has the contractor ever done this before? Were they successful?
Price -- what is it going to cost the government to hire the contractor?
Also, anyone submitting a bids must have the capability to do live online auctioning.
The bids must be in by July 5. Once chosen, the auctioneer gets 45 days to get prepared for the sale. If Crundwell is found not guilty, she will get money back from what the government makes on any sales.