LEGAL - SURPLUS PROPERTY - Resolution Approving Upset Bid for the Sale of Surplus Property Located at 109 S. Third St 11-13-17

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WHEREAS, within the 10 day time period, Mr. Lawrence, on behalf of WITS Remodeling submitted a second upset bid in the amount of $13,000.00 and paid his deposit and advertising costs; and, WHEREAS, that bid was advertised in The Sanford Herald on August 30, 2017; and, WHEREAS, Mr. Campos submitted a third upset bid on September 1, 2017 in the amount of $15,000.00 (which is at least 10% of the first $1,000 and 5% of the remainder of Mr. Lawrence's second upset bid); and WHEREAS, Mr. Campos paid the required advertising costs and along with the 5% deposit; and, WHEREAS, that third upset bid was advertised in The Sanford Herald on September 27, 2017; and, WHEREAS, no further upset bids were received during the ten day upset bid period, and the third upset bid of Mr. Campos 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. 2. The Lee County Board of Commissioners hereby accepts the offer of $15,000.00 from Cristian Campos. 7. The terms of the final sale are as follows: a. The buyer must pay with cash, cashier's check or certified check at the time of closing. b. The property will be sold "as is" with no conditions placed on the bid. c. Title to the subject property shall be transferred to the buyer by a nonwarranty deed. 8. The County reserves the right to withdraw the property from sale at any time before the final high bid is accepted and the right to reject at any time all bids.