2024 - 15 RESOLUTION - Sale of Property Located at 836 Running Cedar Trail - 10-21-24

Home Browse Search

FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Nov 14, 2024 AT 09:,20:05 am BOOK 00004 START PAGE 0074 END PAGE 0076 INSTRUMENT # 07220 EXCISE TAX (None) RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 836 RUNNING CEDAR TRAIL WHEREAS, the County of Lee owns certain vacant property located at 836 Running Cedar Trail, PIN number 9660-80-8285-00, Lee County, North Carolina, as shown on a deed recorded in Deed Book 1324, Page 723, 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 $3,700.00; 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 $3,301.52; 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 Joshua Daniel Walker ("Offeror") to purchase the property described above in the amount of$3,000.00, plus any advertising costs, a copy of which is attached hereto: and received an offer submitted by Wai Hung Ng ("Offeror") to purchase the property described above in the amount of$3,500.00, plus any advertising costs, a copy of which is attached hereto; WHEREAS, both Offerors have paid to the County Clerk the required 5 percent (51110) deposit on their offer and $200.00 of advertising costs; and, WHEREAS, the Lee County Board of Commissioners accepts the initial offer of $3,500.00 from Mr. Wai Hung Ng; and, WHEREAS, the Lee County Board of Commissioners authorizes staff to advertise the initial offer and any higher, upsetting offer, subject to the upset bid procedure. NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: 1. The Lee County Board of Commissioners authorizes the sale of the property described above through the upset bid procedure of North Carolina General Statute §160A-269.