2023 - 7 RESOLUTION - Authorizing the Sale of Property Located at 721 Cox Maddox Road - 3-6-2023

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Mar 27, 2023 AT 10:02:05 am BOOK 00003 START PAGE 0912 END PAGE 0913 INSTRUMENT # 01721 EXCISE TAX (None) RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 721 COX MADDOX ROAD WHEREAS,the County of Lee owns certain vacant property located at 721 Cox Maddox Road, PIN number 9661-75-6515-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 1590, Page 392, 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$33,900.00 and, WHEREAS,the above-referenced property was conveyed to the County as the result of a tax foreclosure sale; and, WHEREAS,the amount of fees and taxes owed on the property as the result of such sale is $14,360.80 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 Roy A. Campbell ("Offeror")to purchase the property described above in the amount of$14,360.80.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 to defray advertising and administrative services; and, WHEREAS, the Lee County Board of Commissioners accepted the initial offer on February 6, 2023 and authorized staff to advertise the initial offer; and, WHEREAS, on February 15, 2023 the initial offer was advertised in The Sanford Herald, starting the 10-day upset sealed bid period; and, WHEREAS, no further upset bids were received during the 10-day upset bid period and the original offer from Roy A. Campbell is the final and highest bid received. NOW,THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: