2020-34 RESOLUTION Authorizing the Sale of Property Located at 504 Wall Street 10-19-2020

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Nov 25, 2020 AT 10:24:54 am BOOK 00003 START PAGE 0668 END PAGE 0669 INSTRUMENT # 08261 CO UN/. EXCISE TAX (None) 04, Or `�� RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 504 WALL STREET, WASHINGTON AVE NEIGHBORHOOD PIN 9642-68-5321-00, LEE COUNTY, NORTH CAROLINA WHEREAS, the County of Lee owns certain vacant property located at 504 Wall Street, PIN 9642-68-5321-00, Sanford, Lee County, North Carolina, as shown on a deed recorded in Deed Book 1324, Page 715, 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 $2,200.00; 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 $1,898.31; 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 as such the County previously declared the property surplus at its August 17, 2020 regular meeting; and, WHEREAS, at its September 1, 2020 regular City Council meeting, the City Council voted to deed its interest in the property to Lee County in order for Lee County to dispose of the property; 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 at its August 17, 2020 Board meeting; and, WHEREAS, the offer was advertised in The Sanford Herald on October 6, 2020 and no other upset bids were recieved. NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: 1. The Lee County Board of Commissioners hereby accepts the offer of$1,000 from Marie King-Cutler.