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LEGAL - SURPLUS PROPERTY - Resolution Accepting Offer for Sale of Surplus Property Located at 109 S. Third Street 6-5-17
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LEGAL - SURPLUS PROPERTY - Resolution Accepting Offer for Sale of Surplus Property Located at 109 S. Third Street 6-5-17
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6/8/2017 10:14:58 AM
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RESOLUTION ACCEPTING OFFER FOR SALE OF SURPLUS PROPERTY <br />LOCATED ON THIRD STREET <br />WHEREAS, the County of Lee and City of Sanford own certain property located on 109 <br />S. Third Street, Lot 7 Charlotte Avenue Neighborhood, PIN 9643-80-9474-00, Sanford, Lee <br />County, NC as shown on a deed recorded in Deed Book 1435 Page 509, in the Office of the <br />Register of Deeds for Lee County, to which the record thereof, reference is hereby made for <br />more complete description and; <br />WHEREAS, North Carolina General Statutes §§ 153A-176 and 160A-269 permit the <br />county and city to sell property by upset bid, after receipt of an offer to purchase the property; <br />and, <br />WHEREAS, the County deems the property owned on Third Street, PIN 9643-80-9474- <br />00 as surplus to its needs; and, <br />WHEREAS, the County received an original offer submitted by Curtis Lawrence of <br />W.I.T.'s Remodeling ("Offeror"), to purchase the property described above, in the amount of <br />$10,545.65; and, <br />WHEREAS, Offeror paid to the County Clerk the required 5 percent (5%) deposit on <br />their offer and the advertising costs; and, <br />WHEREAS, the Lee County Board of Commissioners accepts the offer of $10,545.65 or <br />any higher, upsetting offer, subject to the upset bid procedure and subject to approval and <br />acceptance by the City of Sanford. <br />NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners <br />as follows: <br />1. The Lee County Board of Commissioners authorizes the sale of the property described <br />above through the upset bid procedure of North Carolina General Statute § 160A-269. <br />2. The County Clerk shall cause a notice of the proposed sale to be published. The <br />notice shall contain a general description of the property, the amount and terms of the <br />first upset bid offer, and a notice that within 10 days any person may raise the bid by not <br />less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent <br />(5%) of the remainder plus advertising costs. <br />3. Persons wishing to upset the first upset bid offer that has been received shall submit a <br />sealed bid with their offer to the County Attorney's Office and make a deposit of 5 <br />percent (5%) of their offer within 10 days after the notice of sale is published. At the <br />
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