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BK: 00028 PG -0127 LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 138 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 original offer submitted by Michael D. Talbott ("Offeror") to purchase the property described above in the amount of $3,723.17, plus any advertising costs, and Offeror paid to the County Clerk the required 5 percent (5%) deposit on his offer; and, WHEREAS, the Lee County Board of Commissioners accepted the offer of $3,723.17 at the Board's regular meeting on January 19, 2016 and such offer was advertised in The Sanford Herald; and, WHEREAS, Ryan Johnson timely submitted a first upset bid in the amount of $4,005.00 and has paid to the County Clerk the required five percent (5%) deposit on its offer plus advertising costs; and, WHEREAS, at its regular meeting on February 15, 2016, the Lee County Board of Commissioners accepted the upset bid offer of $4,005.00 from Mr. Johnson and instructed staff to advertise for any higher, upsetting offer, subject to the upset bid procedure; and, WHEREAS, such offer was advertised in The Sanford Herald on Saturday, February 20, 2016; and,