2018-37 RESOLUTION - LEGAL - SURPLUS PROPERTY - Authorizing Sale of Property Located at 2055 Long Point Trail PIN 9670-14-1084-00

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Jan 29, 2019 AT 03:09:52 pm BOOK 00003 START PAGE 0533 END PAGE 0534 INSTRUMENT # 00495 EXCISE TAX (None) LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 2055 LONG POINT TRAIL PIN 9670-14-1084-00 WHEREAS, the County of Lee owns certain vacant property located at 2055 Long Point Trail, PIN number 9670-14-1084-00, Lee County, North Carolina, as shown on a deed recorded in Deed Book 1303, Page 332, 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 $30,000.00; and, WHEREAS, the above-referenced property was conveyed to the County as the result of a foreclosure sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $3,385.23; 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 Wayne Langston on behalf of Coast2Coast Group, LLC ("Offeror") to purchase the property described above in the amount of $750.00, plus any advertising costs, a copy of which is attached hereto; and, WHEREAS, Offeror has paid to the County Clerk the required 5 percent(5%) deposit on its offer and advertising costs; and, WHEREAS, the Lee County Board of Commissioners accepted the initial offer on November 19, 2018 and authorized staff to advertise the initial offer; and, WHEREAS, on December 4, 2018 the initial offer was advertised in The Sanford Herald, starting the 10-day upset sealed bid period; and, WHEREAS,no further upset bids were received during the 10-day upset bid period and the original offer from Coast2Coast Group, LLC is the final and highest bid received.