LEGAL - SURPLUS PROPERTY - Resolution Approving the Sale of Surplus Property Located on Ashe St PIN 9642-76-8286-00 12-11-17

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LEE COUNTY Committed Today for a Better Tomorrow RESOLUTION APPROVING THE SALE OF SURPLUS PROPERTY LOCATED AT 0 Vacant Ashe Street PIN 9642-76-8286-00 WHEREAS, the County of Lee and the City of Sanford own certain property located at 0 Vacant Ashe Street, Pinehurst Neighborhood, PIN 9642-76-8286-00 Sanford, Lee County, NC as shown on a deed recorded in Deed Book 1470 Page 685 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, 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 City of Sanford deeded its interest in the property to the County in order to dispose of the property on behalf of the City of Sanford and to recoup some of the costs incurred in collecting taxes, as shown on a deed recorded in Deed Book 1476 Page 782, in the Office of the Register of Deeds for Lee County; and, WHEREAS, the County received an offer the purchase the property from Duran Johnson on October 4, 2017 for $500.00; and WHEREAS, Mr. Johnson paid to the County the required 5 percent (5%) deposit on its offer and advertising costs; and, WHEREAS, the Lee County Board of Commissioners accepted the offer of $500.00 from Mr. Johnson and declared the property as surplus at the Board's regular meeting on October 16, 2017; and, WHEREAS, the offer was advertised in The Sanford Herald on November 8, 2017; and, WHEREAS, no upset bids were received during the 10 -day upset bid period and the offer from Mr. Johnson of $500.00 is the final and highest bid received. NOW, THEREFORE, BE IT RESOLVED by the Lee County Board of Commissioners as follows: The Lee County Board of Commissioners hereby accepts the offer of $500.00 from Mr. Johnson. 2. The terms of the final sale are as follows: Buyer must pay with cash, cashier's check or certified check at the time of the closing.