2022 - 24 RESOLUTION - Resolution Authorizing the Sale of Property Located at 1004 S. Third Street Pin 9652-06-2768-00

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FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Sep 22, 2022 AT 02:07:52 pm BOOK 00003 START PAGE 0867 END PAGE 0868 INSTRUMENT # 07242 EXCISE TAX (None) ' f RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 1004 S. THIRD STREET, PIN 9652-06-2768-00 WHEREAS, the County of Lee owns certain vacant property located at 1004 S. Third Street, Sanford NC, PIN number 9652-06-2768-00, Lee County, North Carolina, as shown on a deed recorded in Deed Book 1460, Page 20, 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 $9,000; and, WHEREAS, the above-referenced property was conveyed to the County as the result of a foreclosure sale; and, WHEREAS, the amount of fees and taxes owed on the property as the result of such sale is $11,944.55; 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 Jose Villatoro ("Offeror") to purchase the property described above in the amount of$7,000, 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 January 24, 2022 and authorized staff to advertise the initial offer; and, WHEREAS, on June 1, 2022 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 Jose Villatoro is the final and highest bid received. 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.