HomeMy WebLinkAboutRES-2010-084 Resolution Authorizing Sale of Property - Old ABC Store Highway 49 NorthRCS-ao~c~~og~--
Resolution Authorizing Sale of Property ~~ 4~~0/v 2
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WHEREAS, Orange County owns the following property: Old ABC Store, Highway 49 North, Cedar
Grove-PIN # 9829408061 and;
WHEREAS, North Carolina General Statute § 160A-269 permits the County to sell properly by upset
bid, after receipt of an offer for the property; and
WHEREAS, the County has received an offer to purchase the referenced properties as described
below:
Group Submitting Highest Amount of
Building Name Bid Highest bid
Old ABC Store, Cedar Grove James T. & Tammy C. Wilson $3,500.00
WHEREAS, the bidders have paid the required five percent (5%) deposit on their offers; and
WHEREAS, proper notice and advertisement for upset bids was carried out as required by Statute
and no upset bids were received;
THEREFORE, THE ORANGE- COUNTY BOARD OF COMMISSIONERS RESOLVES THAT:
1. The Board of County Commissioners authorizes sale of Old ABC Store, Cedar Grove to James T.
& Tammy C. Wilson in the amount of three-thousand five hundred dollars ($3,500.00).
2. The terms of the final sale are that
- the Board of County Commissioners approve the sale of the Old ABC Store., Cedar Grove
to James T. ~ Tammy C. Wilson, and
-the buyer must pay with cash at the time of closing.
3. The County reserves the right to withdraw the property from sale at any time before the final high
bid is accepted; and to reject all bids at any time.
Adopted November 4, 2010