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t, ES - aoio - c)cP- <br /> Resolution Authorizing Sale of Property <br /> 3 <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 />