2023 - 3 RESOLUTION - Authorizing the Sale of Property Located at 721 Cox Maddox Road - 2-6-2023

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Mar 13, 2023 AT 02:27:09 pm BOOK 00003 START PAGE 0902 END PAGE 0904 INSTRUMENT # 01435 EXCISE TAX (None) f RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 721 COX MADDOX ROAD, SANFORD, NC WHEREAS, the County of Lee owns certain vacant property located at 721 Cox Maddox Road, PIN number 9661-75-6515-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 1351, Page 94, 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 $ 33,900.00; and, WHEREAS,the above-referenced property was conveyed to the County as the result of a tax foreclosure sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is$14,360.80; 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 Roy Campbell ("Offeror")to purchase the property described above in the amount of$14,360.80,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 towards advertising costs; and, WHEREAS, the Lee County Board of Commissioners accepts the initial offer of $14,360.80; 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.