Laserfiche WebLink
BK - 00026 PG - 0389 <br />4. If a qualifying higher bid is received, the County Clerk shall cause a new notice of upset bid <br />to be published, and shall continue to do so until a 10 -day period has passed without any <br />qualifying upset bid having been received. <br />5. A qualifying higher bid is one that raises the existing offer by not less than 10 percent (10 %) <br />of the first $1,000 of that offer and 5 percent (5 %) of the remainder of that offer. <br />6. A qualifying higher bid must also be accompanied by a deposit in the amount of 5 percent <br />(5 %) of the bid in addition to advertising costs; the deposit may be made in cash, cashier's check, <br />or certified check. The County will return the deposit on any bid not accepted, and will return <br />the deposit on an offer subject to upset if a qualifying higher bid is received. The County will <br />return the deposit of the final high bidder at closing. <br />7. The terms of the final sale are as follows: <br />a. The buyer must pay with cash, cashier's check or certified check at the time of closing. <br />9. The County reserves the right to withdraw the property from sale at any time before the final <br />high bid is accepted and the right to reject at any time all bids. <br />10. If no qualifying upset bid is received after the initial public notice, the offer set forth above <br />is hereby accepted by the County. Because the property that is the subject of this offer is owned <br />jointly by the County of Lee and the City of Sanford, final approval of the offer is contingent <br />upon approval and acceptance of the offer by the City of Sanford. The appropriate County <br />officials are hereby authorized to execute any necessary instruments to convey said property. <br />- fk <br />Dated this the 11f day of March 2014. <br />t ' = <br />of Commissioners <br />Charles T. Parks, Chairman <br />Lee County Board of Commissioners <br />