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LEE COUNTY Committed Today for a Better Tomorrow FINAL RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED ON OSGOOD ROAD WHEREAS, the County of Lee owns a certain vacant parcel located on Osgood Road, PIN number 9665-16-1468-00, in Lee County, North Carolina, as shown on a deed recorded in Deed Book 496, Page 306, 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 $3,500.00; and, WHEREAS, the above -referenced property was conveyed to the County as the result of a Sheriffs sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $567.30; 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 offer submitted by Laneice Smith ("Offeror") to purchase the property described above in the amount of $567.30, plus any advertising costs; 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 $567.30; and WHEREAS, at its regular meeting on March 20, 2017, the Lee County Board of Commissioners accepted the offer of $567.30 and such offer was advertised in The Sanford Herald on March 24, 2017; and, WHEREAS, no further upset bids were received during the 10 -day upset bid period and the original offer of Laneice Smith is the final and highest bid received. 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.