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~~.5- aoio ~ o~~- <br />Resolution Authorizing Sale of Property 2 <br />WHEREAS, Orange County owns the following property: Old ABC Store, Highway 49 North, Cedar <br />Grove-PIN # 9829408061 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 />Old ABC Store, Cedar Grove James T. & Tammy C. Wilson $3,500.00 <br />WHEREAS, the bidders have paid the required five percent (5%) deposit on their offers; and <br />WHEREAS, proper notice and advertisement for upset bids was carried out as required by Statute <br />and no upset bids were received; <br />THEREFORE, THE ORANGE COUNTY BOARD OF COMMISSIONERS RESOLVES THAT: <br />1. The Board of County Commissioners authorizes sale of Old ABC Store, Cedar Grove to James T. <br />& Tammy C. Wilson in the amount of three-thousand five hundred dollars ($3,500.00). <br />2. The terms of the final sale are that <br />- the Board of County Commissioners approve the sale of the Old ABC Store, Cedar Grove <br />to James T. & Tammy C. Wilson, 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 November 4, 2010 <br />