5-6-19 Regular Meeting Minutes - Laserfiche WebLink

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RESOLUTION AUTHO1 RING iMEE SALE OF PROPERTY LOCATED AT 0 `h' FOREST OAKS DRIVE, PIN 9667-87-8477-00, LEE COUNTY NORTH CAROLINA WHEREAS, the County of Lee owns certain vacant property located at 0 W Forest Oaks Drive SRI 469, PIN number 9667-87-8477-00, Lee County, North Carolina, as shown on a deed recorded in Deed Book 434, Page 73, 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 $15,400; and, WHEREAS, the above -referenced property was conveyed to the County as the result of a Sheriffs foreclosure sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $3,156.93; 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 Michael Jones ("Offeror") to purchase the property described above in the amount of $4,000.00, 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 $200.00 of advertising costs; and, WHEREAS, the Lee County Board of Commissioners accepted the initial offer of $4,000.00 at its March 18, 2019 Regular Meeting; and, WHEREAS, the Lee County Board of Commissioners authorized staff to advertise the initial offer in any higher, upsetting offer, subject to the upset bid procedure; and, WHEREAS, on March 27, 2019, 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 Michael Jones is the final and highest bid received.