2021-34 RESOLUTION Authorizing the sale of property located at N. First Street PIN 9643-71-7364-00

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Oct 26, 2021 AT 10:40:12 am BOOK 00003 START PAGE 0764 END PAGE 0766 �.� ;;;'( •,. INSTRUMENT # 09146 EXCISE TAX (None) 1. . .- RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT N FIRST STREET, PIN 9643-71-7364-00, LEE COUNTY NORTH CAROLINA WHEREAS, the County of Lee and the City of Sanford owns certain vacant property located at N. First Street, PIN number 9643-71-7364-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 449, Page 410, 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 $3,000; and, WHEREAS, the above-referenced property was conveyed to the County as the result of a Sheriff's sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $1,471.64; 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 David Webster("Offeror")to purchase the property described above in the amount of$1,500.00, 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 of advertising costs; and, WHEREAS,the Lee County Board of Commissioners accepts the initial offer of $1,500.00 ; and, WHEREAS,the Lee County Board of Commissioners and the Offeror acknowledge and understand this offer and the authorization to advertise such offer, is contingent on the City of Sanford's acceptance of said offer; 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.