2024 - 21 RESOLUTION - Authorizing the Sale of Property Located at 573 Woolard Road - 1-8-24

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._ YI A RESOLUTION AUTHORIZING THE SALE OF PROPERTY LOCATED AT 573 WOOLARD ROAD WHEREAS, the County of Lee owns certain non-vacant property located at 573 Woolard Road, PIN number 8694-72-7292-00, Lee County,North Carolina, as shown on a deed recorded in Deed Book 1530, Page 75, 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 $28,000.00; 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 $26,738.50; 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 Lee County Board of Commissioners adopted a Resolution on August 21, 2023 setting the minimum bid at the amount owed of$26,738.50; and WHEREAS,the County received an offer submitted by Roy Campbell ("Offeror")to purchase the property described above in the amount of$26,738.50,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 December 4, 2023 and authorized staff to advertise the initial offer; and, WHEREAS, on December 9, 2023 the initial offer was advertised in The Sanford Herald, starting the 10-day upset sealed bid period; and, FILED LEE COUNTY NC PAMELA G. BRITT REGISTER OF DEEDS FILED Jan 29, 2024 AT 08:48:59 am BOOK 00003 START PAGE 0981 END PAGE 0982 INSTRUMENT # 00498 EXCISE TAX (None)