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RESOLUTION - Upset Bid for Property at 140 Black Rd - #2016-7
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RESOLUTION - Upset Bid for Property at 140 Black Rd - #2016-7
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5/4/2016 10:02:56 AM
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2/16/2016 4:17:27 PM
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LEE COUNTY <br />Committed Today for a Better Tomorrow <br />RESOLUTION AUTHORIZING THE SALE OF PROPERTY <br />LOCATED AT 140 BLACK ROAD <br />WHEREAS, the County of Lee owns certain vacant property located at 140 Black Road, <br />PIN number 9547-05-7339-00, in Lee County, North Carolina, as shown on a deed recorded in <br />Deed Book 1324, Page 717, in the office of the Register of Deeds for Lee County, to which the <br />record thereof reference is hereby made for more complete description; and, <br />WHEREAS, the taxable value of the property is $42,800.00; and, <br />WHEREAS, the above -referenced property was conveyed to the County as the result of a <br />tax foreclosure; and, <br />WHEREAS, the amount of fees and taxes owed on the property as the result of such sale <br />is $4,641.89; and, <br />WHEREAS, North Carolina General Statutes §§ 153A-176 and 160A-269 permit the <br />County to sell property by upset bid, after receipt of an offer to purchase the property; and, <br />WHEREAS, the County of Lee proposes to dispose of the above described property as it <br />is surplus to the County's needs; and, <br />WHEREAS, the County received an offer from Ryan Johnson ("Offeror") in the amount <br />of $4,700.00 plus advertising costs, a copy of which is attached hereto; and, <br />WHEREAS, Mr. Johnson has paid to the County Clerk the required 5 percent (5%) <br />deposit on their offers; and, <br />WHEREAS, the Lee County Board of Commissioners accepts Mr. Johnson's offer of <br />$4,700.00, or any higher, upsetting offer, subject to the upset bid procedure. <br />NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners <br />as follows: <br />1. The Lee County Board of Commissioners authorizes the sale of the property described <br />above through the upset bid procedure of North Carolina General Statute § 160A-269. <br />2. The County Clerk shall cause a notice of the proposed sale to be published. The <br />notice shall contain a general description of the property, the amount and terms of the <br />offer, and a notice that within 10 days any person may raise the bid by not less than ten <br />
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