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• <br /> RESOLUTION AUTHORIZING THE SALE OF PROPERTY <br /> LOCATED AT 0 OLIVIA ROAD <br /> WHEREAS, the County of Lee owns certain vacant property located at 0 Olivia Road, <br /> PIN number 9558-73-9361-00, Lee County,North Carolina, as shown on a deed recorded in <br /> Deed Book 1590, Page 392, in the office of the Register of Deeds for Lee County, to which the <br /> record thereof reference is hereby made for more complete description; and, <br /> WHEREAS, the taxable value of the property is $5,000.00; and, <br /> WHEREAS, the above-referenced property was conveyed to the County as the result of a <br /> tax foreclosure sale; and, <br /> WHEREAS, the amount of fees and taxes owed on the property as the result of such sale <br /> is $4,988.29; and, <br /> WHEREAS, North Carolina General Statutes §§ 153A-176 and 160A-269 permit the <br /> County to sell property by upset bid, after receipt of an offer to purchase the property; and, <br /> WHEREAS, the County of Lee proposes to dispose of the above described property as it <br /> is surplus to the County's needs; and, <br /> WHEREAS, the County received an offer submitted by James Schassburger("Offeror") <br /> to purchase the property described above in the amount of$500.00, plus any advertising costs, a <br /> copy of which is attached hereto; and, <br /> WHEREAS, Offeror has paid to the County Clerk the required 5 percent(5%) deposit on <br /> its offer and $200.00 of advertising costs; and, <br /> WHEREAS, the Lee County Board of Commissioners accepts the initial offer of <br /> $500.00; and, <br /> WHEREAS,the Lee County Board of Commissioners authorizes staff to advertise the <br /> initial offer in any higher, upsetting offer, subject to the upset bid procedure. <br /> NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners <br /> as follows: <br />