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FILED <br /> LEE COUNTY NC <br /> PAMELA G. BRITT <br /> REGISTER OF DEEDS <br /> FILED Sep 22, 2022 <br /> AT 02:07:52 pm <br /> BOOK 00003 <br /> START PAGE 0867 <br /> END PAGE 0868 <br /> INSTRUMENT # 07242 <br /> EXCISE TAX (None) <br /> ' f <br /> RESOLUTION AUTHORIZING THE SALE OF PROPERTY <br /> LOCATED AT 1004 S. THIRD STREET, PIN 9652-06-2768-00 <br /> WHEREAS, the County of Lee owns certain vacant property located at 1004 S. Third <br /> Street, Sanford NC, PIN number 9652-06-2768-00, Lee County, North Carolina, as shown on a <br /> deed recorded in Deed Book 1460, Page 20, in the office of the Register of Deeds for Lee <br /> County, to which the record thereof reference is hereby made for more complete description; <br /> and, <br /> WHEREAS, the taxable value of the property is $9,000; and, <br /> WHEREAS, the above-referenced property was conveyed to the County as the result of a <br /> foreclosure sale; and, <br /> WHEREAS, the amount of fees and taxes owed on the property as the result of such sale <br /> is $11,944.55; and, <br /> WHEREAS, North Carolina General Statutes §§ 153A-176 and 160A-269 permit the <br /> County to sell property by upset bid, after receipt of an offer to purchase the property; and, <br /> WHEREAS, the County of Lee proposes to dispose of the above described property as it <br /> is surplus to the County's needs; and, <br /> WHEREAS, the County received an offer submitted by Jose Villatoro ("Offeror") to <br /> purchase the property described above in the amount of$7,000, plus any advertising costs, a <br /> copy of which is attached hereto; and, <br /> WHEREAS, Offeror has paid to the County Clerk the required 5 percent (5%) deposit on <br /> its offer and $200.00 to defray advertising and administrative services; and, <br /> WHEREAS, the Lee County Board of Commissioners accepted the initial offer on <br /> January 24, 2022 and authorized staff to advertise the initial offer; and, <br /> WHEREAS, on June 1, 2022 the initial offer was advertised in The Sanford Herald, <br /> starting the 10-day upset sealed bid period; and, <br /> WHEREAS, no further upset bids were received during the 10-day upset bid period and <br /> the original offer from Jose Villatoro is the final and highest bid received. <br /> WHEREAS, the Lee County Board of Commissioners authorizes staff to advertise the <br /> initial offer in any higher, upsetting offer, subject to the upset bid procedure. <br />