Agenda - 04-06-2010 - 7d - Laserfiche WebLink

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C)�0 0 Resolution Authorizing Seated Bid Sale with Upset Bid of Certain Real Property owned by orange County WHEREAS, Orange County owns property located at the following locations: 129 E King Street, Hillsborough, NC; PIN #9874068476 1914 New Hope Church Road, Chapel Hill, NC; PIN # 9872862049 WHEREAS, North Carolina General Statute 160A-268 permits the County to sell real property by advertisement and sealed bid; and North- Carolina General Statute 160A-269 permits an upset bid, after receipt of an offer for the property; THEREFORE, THE GRANGE COUNTY BOARD OF COMMISSIONERS RESOLVES THAT: 1. The Board of Commissioners hereby authorizes the sale of the following properties by sealed bid with an upset bid:- - Old Purchasing Building 129 E King Street, Hillsborough, NC; PIN #9874068476 - Old EMS Center 1914 New Hope Church Road, Chapel Hill, NC; PIN # 9872862049 2. The County will accept sealed bids until 10:00 AM local time, Tuesday, May 11, 2010. Bids shall be delivered to the office of the Director of Purchasing and Asset Management at 131 W Margaret Lane, Suite 301, Hillsborough, North Carolina. Bids will be submitted by property in separate, sealed envelopes marked clearly with the property name. 3. At 10:00 AM, Tuesday, May 11, 2010 all bids received shall be opened in public and the amount of each bid recorded. 4. The record of bids shall be reported to the Board of Commissioners at their regular meeting on Tuesday, June 1, 2010. The Board of Commissioners will take action which proposes to accept the offer, thereby commencing an upset bid process at this same meeting. Bids will remain open and subject to acceptance until the Board of Commissioners award the bids. 5. To be responsible a bid must be accompanied by a bid deposit of five percent (5%) of the amount of the bid. A bid deposit may take the form of cash, a cashier's check, a certified check, or a surety bond. The deposit of the bidder to whom the award is made will be held until sale of the property is closed; if that bidder-refuses at any time to close the sale, the deposit will be forfeited to the County. The deposits of other bidders will be returned at the time the Board of Commissioners awards the property to the highest bidder, or until such time the original highest responsible bid is overturned by an upset bid. 6. In addition, to be responsible, a bidder must be current on payment of all property taxes owed to the County. 7. The County reserves the right to withdraw the property from sale at any time and the right to reject all bids. Adopted April 6, 2010.