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BK - 00026 PG - 0388 LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION ACCEPTING OFFER FOR SALE OF SURPLUS PROPERTY LOCATED ON STROUD STREET, LOT 1 -10 BLK E, TO CAMERON AND DARLENE FRANCIS WHEREAS, the County of Lee and City of Sanford own certain property located on Stroud Street, Lot 1 -10 Block E of Gunter Forest, Sanford, N.C., as shown on a deed recorded in Deed Book 1335, Page 818 in the office of the Register of Deeds for Lee County, to which the record thereof, reference is hereby made for more complete description; and, WHEREAS, North Carolina General Statutes §§ 153A -176 and 160A -269 permit the county and city to sell property by upset bid, after receipt of an offer to purchase the property; and, WHEREAS, the County received an original offer submitted by Cameron and Darlene Francis ( "Offerors "), to purchase the property described above in the amount of $2,700.00; and, WHEREAS, Offerors paid to the County Clerk the required 5 percent (5 %) deposit on their offer; and, WHEREAS, the Lee County Board of Commissioners accepts the offer of $2,700.00 or any higher, upsetting offer, subject to the upset bid procedure and subject to approval and acceptance by the City of Sanford. NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: 1. The Lee County Board of Commissioners authorizes the sale of the property described above through the upset bid procedure of North Carolina General Statute § 160A -269. 2. The County Clerk shall cause a notice of the proposed sale to be published. The notice shall contain a general description of the property, the amount and terms of the first upset bid offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10 %) of the first one thousand dollars ($1,000) and five percent (5 %) of the remainder plus advertising costs. 3. Persons wishing to upset the first upset bid offer that has been received shall submit a sealed bid with their offer to the County Attorney's Office and make a deposit of 5 percent (5 %) of their offer within 10 days after the notice of sale is published. At the conclusion of the 10 -day period, the County Attorney shall open the bids, if any, and the highest such bid will become the new offer. If there is more than one bid in the highest amount, the first such bid received will become the new offer.