Executive Director Vernice M. Gumbs, of the Virgin Islands Taxicab Commission is pleased to announce that pursuant to Title 20, Section 407 (c) of the VI Code, the Commission will hold its annual veteran medallion auction on December 14, 15, & 16, 2022. This auction is OPENED TO VIRGIN ISLANDS VETERANS OF THE US ARMED SERVICES ONLY.
Applications can be picked up at the Taxicab Commission’s Office during regular working hours (Mon – Fri.; 8:00 am – 3:00 pm). Bid forms must be deposited in the bid box no later than 10:00 am 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 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 (2) medallions for each island will be auctioned to approved U.S. Virgin Islands Veterans on the following dates and times:
- St. John – Wednesday, December 14th, 11:00 am St. John Administrator’s Office
- St. Thomas – Thursday, December 15th, 11:00 am Property & Procurement Conference Room 1st floor
- St. Croix – Friday, December 16th, 11:00 am Property & Procurement Conference Room
The minimum acceptable bid is set at $20,000.00 for St. Thomas, $20,000.00 for St. John and $8,000.00 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 3:00 pm 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 (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 ten (10) days, the second highest bidder will automatically be awarded the bid.
Should you have any questions or require additional information, please contact the Virgin Islands Taxicab Commission’s Office at (340) 693-4211.