RESOLUTION - Sale of Steele Street Property (Upset Bid) - #2016-29

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C::Z()%�-11�IT LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 128-134 STEELE STREET IN SANFORD, NORTH CAROLINA WHEREAS, the County of Lee owns certain property located at 128-134 Steele Street, PIN number 9642-69-7614-00, in the City of Sanford, in Lee County, North Carolina, as shown on a deed recorded in Deed Book 01299, Page 0469, 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, 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 our needs; and, WHEREAS, the above -referenced property was conveyed to the County by gift deed from Paul O. Howard and his wife, Barbara James Howard; and, WHEREAS, the taxable value of the property is $604,000.00. WHEREAS, the County received an offer submitted by Brandon Atkins, on behalf of the Taboys Corporation ("Offeror"), to purchase the property described above in the amount of $10,000.00 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 $10,000.00 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 percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder.