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t~ES - ao~o- oc~~ <br />3 <br />Resolution Authorizing Sale of Property <br />WHEREAS, Orange County owns the following property: Graham Building, 118 North Churton Street, <br />Hillsborough-PIN # 9874065497 and; <br />WHEREAS, North Carolina General Statute § 160A-269 permits the County to sell property by upset <br />bid, after receipt of an offer for the property; and <br />WHEREAS, the County has received an offer to purchase the referenced properties as described <br />below: <br />Group Submitting Highest Amount of <br />Building Name Bid Highest bid <br />Graham Building, Hillsborough Robbin Taylor-Hall $180,028.40 <br />WHEREAS, the bidders have paid the required five percent (5%) deposit on their offer; <br />THEREFORE, THE ORANGE COUNTY BOARD OF COMMISSIONERS RESOLVES THAT: <br />1. The Board of County Commissioners authorizes sale of Graham Building, Hillsborough to Robbin <br />Taylor-Hall for $180,028.40. <br />2. The terms of the final sale are that <br />- the Board of County Commissioners approve the sale of the Graham Building, Hillsborough <br />to Robbin Taylor-Hall, and <br />- the buyer must pay with cash at the time of closing. <br />3. The County reserves the right to withdraw the property from sale at any time before the final high <br />bid is accepted; and to reject all bids at any time. <br />Adopted September 2, 2010 <br />