2021-30 RESOLUTION Authorizing the Sale of Property Located at Sheriff Watson Road PIN 9547-96-9450

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• FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Sep 17, 2021 AT 10:42:13 am BOOK 00003 START PAGE 0752 END PAGE 0754 INSTRUMENT# 07801 or 1, EXCISE TAX (None) mei * RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT SHERIFFS WATSON ROAD, PIN 9547-96-9450-00,LEE COUNTY NORTH CAROLINA WHEREAS,the County of Lee owns certain property located at Sheriffs Watson Road, - 9547-96-9450-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 1324, Page 711, 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 $72,400; 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 $8,576.14; 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 LB Associates LLC ("Offeror") to purchase the property described above in the amount of$8,577.00, 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 accepts the initial offer of $8,577.00 ; and, WHEREAS,the Lee County Board of Commissioners authorizes staff to advertise the initial offer in any higher, upsetting offer, subject to the upset bid procedure. NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: