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FILED <br /> LEE COUNTY NC <br /> PAMELA G. BRITT <br /> REGISTER OF DEEDS <br /> FILED Jan 16, 2025 <br /> AT 12:15:37 pm <br /> BOOK 00004 <br /> START PAGE 0086 <br /> END PAGE 0087 <br /> INSTRUMENT # 00271 <br /> EXCISE TAX (None) <br /> RESOLUTION AUTHORIZING THE SALE OF PROPERTY <br /> LOCATED AT 836 RUNNING CEDAR TRAIL <br /> WHEREAS, the County of Lee owns certain vacant property located at 836 Running <br /> Cedar Trail, PIN number 9660-80-8285-00, Lee County, North Carolina, as shown on a deed <br /> recorded in Deed Book 1324, Page 723, in the office of the Register of Deeds for Lee County, to <br /> which the record thereof reference is hereby made for more complete description; and. <br /> WHEREAS, the taxable value of the property is $3,700.00; and, <br /> WHEREAS, the above-referenced property was conveyed to the County as the result of a <br /> foreclosure sale; and, <br /> WHEREAS, the amount of fees and taxes owed on the property as the result of such sale <br /> is $3,301.52; and, <br /> WHEREAS,North Carolina General Statutes §5 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 Wai Hung Ng ("Offeror") to <br /> purchase the property described above in the amount of$3,500.00, 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 to defray advertising and administrative services; and, <br /> WHEREAS, the Lee County Board of Commissioners accepted the initial offer on <br /> October 21, 2024 and authorized staff to advertise the initial offer; and, <br /> WHEREAS, on October 26, 2024 the initial offer was advertised in The Sanford Herald, <br /> starting the I0-day upset sealed bid period; and. <br /> WHEREAS, no further upset bids were received during the I0-day upset bid period and <br /> the original offer from Wai Hung Ng is the final and highest bid received. <br /> NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners <br /> as follows: <br />