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for two years and have their tuition covered free of charge. To be eligible, the student must have completed the FAFSA and the college's scholarship applications. Once the student is enrolled, they must maintain at least a 2.0 cumulative GPA and complete at least 67% of courses attempted at the College. After hearing the presentation from CCCC, the Board budgeted $125,000 for the program for FY 2019. The Memorandum of Understanding memorializes the future funding of up to $250,000 for FY 2020, up to $250,000 for FY 2021, up to $250,000 for FY 2022. The College will invoice the County each semester for the tuition due for that semester based on the number of students enrolled. Commissioner Reives moved to approve the Memorandum of Understanding for Lee County Promise amending the language to include all eligible Lee County residents who graduate from a Lee County High School, a private school located in Lee County, or qualified home school while residing in Lee County, a copy of which is attached to these minutes and by this reference made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Del Palazzo, Dodson, Knecht, Reives, Sharpe Nay: Smith Chair Dalrymple ruled the motion had carried 6:1. B. Consideration of an offer to purchase property located at 2055 Long Point Trail PIN 9670-14-1084-00, Lee County, North Carolina. Lee County foreclosed on property located in Carolina Trace at PIN 9670-14-1084- 00 in 2012. $3,385.23 is currently owed on the property, which includes the taxes and attorney fees owed and homeowners' association fees. The tax value is $30,000. Wayne Langston, on behalf of Coast2Coast Group submitted an offer of$750.00 on July 31, 2018 and submitted his advertising costs on October 31, 2018. He has paid the requisite 5% deposit and advertising cost. At the November 19, 2018 Regular Meeting, the Commissioners declared the property as surplus and approved the disposal of the property through the upset bid process and authorized staff to accept the initial offer of$750.00 from Mr. Langston and advertise the offer in The Sanford Herald. Staff advertised the offer on December 4, 2018. No person submitted a qualifying upset bid. Commissioner Sharpe moved to authorize staff to proceed with the transfer of the property to Mr. Wayne Langston and authorize the Chair to sign any related paperwork, attached to these minutes is a copy of the Resolution Authorizing the Sale of Property Located at 2055 Long Point Trail PIN 9670-14-1084-00 and by this reference it is made a part hereof. Upon a vote, the results were as follows: Aye: Dalrymple, Del Palazzo, Dodson, Knecht, Reives, Sharpe, Smith Nay: None Chair Dalrymple ruled the motion had carried unanimously. Page 316