Laserfiche WebLink
percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the <br />remainder. <br />3. Persons wishing to upset the offer that has been received shall submit a sealed bid <br />with their offer to the County Attorney's Office within 10 days after the notice of sale is <br />published. At the conclusion of the 10 -day period, the County Attorney shall open the <br />bids, if any, and the highest such bid will become the new offer. If there is more than one <br />bid in the highest amount, the first such bid received will become the new offer. <br />4. If a qualifying higher bid is received, the County Clerk shall cause a new notice of <br />upset bid to be published, and shall continue to do so until a 10 -day period has passed <br />without any 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 <br />(10%) 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 <br />percent (5%) of the bid; the deposit may be made in cash, cashier's check, or certified <br />check. The County will return the deposit on any bid not accepted, and will return the <br />deposit on an offer subject to upset if a qualifying higher bid is received. The County <br />will 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 <br />closing. <br />8. The County reserves the right to withdraw the property from sale at any time before <br />the final high bid is accepted and reserves the right to reject at any time all bids. <br />9. If no qualifying upset bid is received after the initial public notice and 10 -day upset <br />bid period has expired, the offer set forth above is hereby accepted. The appropriate <br />County officials are authorized to execute the instruments necessary to convey the <br />property. <br />Dated this the day of January, 2016. <br />Amy M. alrymple, Chair <br />Lee County Board of Commissioners <br />Jay <br />TEST: <br />IL <br />nell M. Lee, Cler <br />Lee County Board of Commissioners <br />