Laserfiche WebLink
3. Persons wishing to upset the offer that has been received shall submit a sealed bid with their <br />offer to the County Attorney's Office within 10 days after the notice of sale is published. At the <br />conclusion of the 10 -day period, the County Attorney shall open the bids, if any, and the highest <br />such bid will become the new offer. If there is more than one bid in the highest amount, the first <br />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 upset bid <br />to be published, and shall continue to do so until a 10 -day period has passed without any <br />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 (10%) <br />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 percent <br />(5%) of the bid; the deposit may be made in cash, cashier's check, or certified check. The <br />County will return the deposit on any bid not accepted, and will return the deposit on an offer <br />subject to upset if a qualifying higher bid is received. The County will return the deposit of the <br />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 closing. <br />b. The property will be sold "as is" with no conditions placed on the bid. <br />c. Title to the subject property shall be transferred to the buyer by a quitclaim deed. <br />8. The County reserves the right to withdraw the property from sale at any time before the final <br />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 bid period <br />has expired, the offer set forth above is hereby accepted. The appropriate County officials are <br />authorized to execute the instruments necessary to convey the property. <br />Dated this theo?i94�day of March, 2017 <br />Amy M. Dalrymple, Chair <br />Lee County Board of Commissioners <br />ATTEST: <br />e rufer le, Clerk <br />ee Coun oard of Commissioners <br />