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RES - ao►o = c� a � 5 <br /> Resolution Authorizing Sealed Bid Sale with Upset Bid of <br /> Certain Real Property Owned by Orange County <br /> WHEREAS, Orange County owns property located at the following locations: <br /> - 129 E King Street, Hillsborough, NC; PIN #9874068476 <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 <br /> property by advertisement and sealed bid; and North Carolina General Statute 160A-269 <br /> permits an upset bid, 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 <br /> sealed bid with an upset bid: <br /> - Ofd Purchasing Building 129 E King Street, Hillsborough, NC; PIN #9874068476 <br /> - Old EMS Center 1914 New Hope Church Road, Chapel Hill, NC; PIN # 9872862049 <br /> 2. The County will accept sealed bids until 10:00 AM local time, Tuesday, May 11, 2010. <br /> Bids shall be delivered to the office of the Director of Purchasing and Asset Management <br /> at 131 W Margaret Lane, Suite 301, Hillsborough, North Carolina. Bids will be submitted <br /> by property in separate, sealed envelopes marked clearly with the property name. <br /> 3. At 10:00 AM, Tuesday, May 11, 2010 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 <br /> meeting on Tuesday, June 1, 2010. The Board of Commissioners will take action which <br /> proposes to accept the offer, thereby commencing an upset bid process at this same <br /> meeting. Bids will remain open and subject to acceptance until the Board of <br /> Commissioners award the bids. <br /> 5. To be responsible a bid must be accompanied by a bid deposit of five percent (5%) of the <br /> amount of the bid. A bid deposit may take the form of cash, a cashier's check, a certified <br /> check, or a surety bond. The deposit of the bidder to whom the award is made will be <br /> held until sale of the property is closed; if that bidder refuses at any time to close the sale, <br /> the deposit will be forfeited to the County. The deposits of other bidders will be returned <br /> at the time the Board of Commissioners awards the property to the highest bidder, or until <br /> such time the original highest 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 <br /> owed to the County. <br /> 7. The County reserves the right to withdraw the property from sale at any time and the right <br /> to reject all bids. <br /> Adopted April 6, 2010. <br />