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Resolution Authorizing Sealed Bid Sale with Upset Bid of
<br />Certain Real Property Owned by Orange County
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<br />WHEREAS, Orange County owns property located at the following locations: ~
<br />- Highway 49 old ABC store, Cedar Grove-PIN# 9829408061 ~ G
<br />- Homestead Community Center, 600 Homestead Road, Chapel Hill-PIN # 9779086412
<br />- Clerk of Court Annex, 112 N. Churton Street, Hillsborough-PIN # 9874066435
<br />- Graham Building, 118 N. Churton Street, Hillsborough-PIN # 874065497
<br />- 1914 New Hope Church Road, Chapel Hill, NC; PIN # 9872862049
<br />WHEREAS, North Carolina General Statute 160A-268 permits. the County to sell real property by
<br />advertisement and sealed bid; and North Carolina General Statute 160A-269 permits an upset bid,
<br />after receipt of an offer for the property;
<br />THEREFORE, THE ORANGE COUNTY BOARD OF COMMISSIONERS RESOLVES THAT:
<br />1. The Board of Commissioners hereby authorizes the sale of the following properties, by sealed bid,
<br />with minimum bids established as shown, and including an upset bid process following the close
<br />of initial bidding;
<br />- Highway 49 old ABC store, Cedar Grove-PIN# 9829408061; Minimum bid $5,000;
<br />- Homestead Community Center, 600 Homestead Road, Chapel Hill-PIN # 9779086412;
<br />Minimum bid $275,000;
<br />- Clerk of Court Annex, 112 N. Churton Street, Hillsborough-PIN # 9874066435; Minimum
<br />bid $450,000;
<br />- Graham Building, 118 N. Churton Street, Hillsborough-PIN # 874065497; Minimum bid
<br />$130,000;
<br />2. The County will accept sealed bids until 10:00 AM local time, Tuesday, October 13, 2009. Bids
<br />shall be delivered to the office of the Director of Purchasing and Asset Management at 129 East
<br />King Street, Hillsborough, North Carolina. Bids will be submitted by property in separate, sealed
<br />envelopes marked clearly with the property name.
<br />3. At 10:OOAM, Tuesday, October 13, 2009 all bids received shall be opened in public and the
<br />amount of each bid recorded.
<br />4. The record of bids shall be reported to the Board of Commissioners at their regular meeting on
<br />Thursday, November 5, 2009. The Board of Commissioners will take action which proposes to
<br />accept the offer, thereby commencing an upset bid process at this same meeting. Bids will remain
<br />open and subject to acceptance until the Board of Commissioners award the bids.
<br />5. To be responsible a bid must be accompanied by a bid deposit of five percent (5%) of the amount
<br />of the bid. A bid deposit may take the form of cash, a cashier's check, a certified check, or a
<br />surety bond. The deposit of the bidder to whom the award is made will be held until sale of the
<br />property is closed; if that bidder refuses at any time to close the sale, the deposit will be forfeited
<br />to the County. The deposits of other bidders will be returned at the time the Board of
<br />Commissioners awards the property to the highest bidder, or until such time the original highest
<br />responsible bid is overturned by an upset bid.
<br />6. In addition, to be responsible, a bidder must be current on payment of all property taxes owed to
<br />the County.
<br />7. The County reserves the right to withdraw the property from sale at any time an he right to reject
<br />all bids.
<br />Adopted August 18, 2009.
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<br />Valerie Foushee, Chair
<br />onna S. Baker, CI ad
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