2023 - 17 RESOLUTION - Authorizing the Sale of Property Located at 68 Alfred Alston Road - 12-4-23

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JR / RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 68 ALFRED ALSTON ROAD WHEREAS,the County of Lee owns certain non-vacant property located at 68 Alfred Alston Road, PIN number 9665-26-0572-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 1276, Page 802, 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 $16,300.00; 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 $ 5,324.97; 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 Thomas Bridges("Offeror")to purchase the property described above in the amount of$5,400.00, plus any advertising costs; WHEREAS,the Lee County Board of Commissioners accepted the initial offer on October 2, 2023 and authorized staff to advertise the initial offer; and, WHEREAS, on October 7, 2023 the initial offer was advertised in The Sanford Herald, starting the 10-day upset sealed bid period; and, WHEREAS, Yi Zhang submitted a qualifying upset bid on October 13, 2023 in the amount of$6000.00, and the clerk advertised the first upset bid in The Sanford Herald on November 10, 2023; and, WHEREAS, after no more upset bids were received, the offer of$6000.00 submitted by Yi Zhang is the final and highest bid received. NOW, THEREFORE. BE IT RESOLVED by the Lee County Board of Commissioners as follows: FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS — FILED Jan 12, 2024 AT 09:24:23 am BOOK 00003 START PAGE 0973 END PAGE 0974 INSTRUMENT # 00201 EXCISE TAX (None)