RESOLUTION - Sale of Property on Black Road - # 2016-1

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LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED ON BLACK ROAD WHEREAS, the County of Lee owns certain vacant property located at 138 Black Road, PIN number 9547-05-4543-00, in Lee County, North Carolina, as shown on a deed recorded in Deed Book 1324, Page 719, 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, the taxable value of the property is $50,100.00; and, WHEREAS, the above -referenced property was conveyed to the County as the result of a tax foreclosure; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $3,723.17; and, WHEREAS, North Carolina General Statutes §§ 153A-176 and 160A-269 permit the County to sell property by upset bid, after receipt of an offer to purchase the property; and, WHEREAS, the County of Lee proposes to dispose of the above described property as it is surplus to the County's needs; and, WHEREAS, the County received an offer submitted by Michael D. Talbott ("Offeror") to purchase the property described above in the amount of $3,723.17, plus any advertising costs, a copy of which is attached hereto; and, WHEREAS, Offeror has paid to the County Clerk the required 5 percent (5%) deposit on its offer; and, WHEREAS, the Lee County Board of Commissioners accepts the offer of $3,723.17 or any higher, upsetting offer, subject to the upset bid procedure. 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 offer, and a notice that within 10 days any person may raise the bid by not less than ten