2004 - 06-07-04 Regular Meeting - Laserfiche WebLink

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i~7R i9 F GE RESOLUTION AUTHORIZING AUCTION SALE OF REAL PROPERTY WHEREAS, the County of Lee owns two parcels of land indicated on "Attachment A" that are surplus to its needs; and WHEREAS, North Carolina General Statute Section 160A-270, which is made applicable to counties by North Carolina General Statute Section 153A-176, permits the county to sell real property at auction upon approval of the Board of Commissioners and after publication of a notice announcing the auction: THEREFORE, the Board of Commissioners of the County of Lee resolves that: 1. The two parcels of land described on "Attachment A" are hereby declared surplus to the needs of the County. 2. The Board of Commissioners authorizes the sale by public auction of the two parcels of land described on "Attachment A." 3. Clinton C. Pickard, Auctioneer, is authorized to receive bids in the Board of Commissioners behalf at public auction for the purchase of the parcels described in "Attachment A." 4. The public auction will be held on Tuesday, JuhV 13, 2004; at 6:00 o'clock p.m. at the old Department of Motor Vehicle building situated at 1500 Old Carbonton Road, Sanford, NC. 5. The terms of the sale are that the high bidder nwst present at the auction a bid deposit of five percent (5%) of the amount of the bid, either in cash, certified check or bank money order. The County will hold this deposit until either the Board of Commissioners rejects the high bid for the property or, if the Board of Commissioners accepts the high bid, the closing of the sale. The deposit will be forfeited to the County if the high bidder refuses to close the sale after the bid has been approved and accepted by the Board of Commissioners. 6. "File Clerk to the Board shall cause a notice of the public auction to be published in accordance with North Carolina General Statute 160A-270(a). 7. After the auction, the high bid for each parcel shall be reported to the Board of Commissioners. The Board will accept or reject the bid within thirty days (30) after the bid is reported to it. No sale will be completed until the Board has approved the high bid. 8. "File County reserves the right to withdraw any listed property from the auction at any time before the auction sale of that property.