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1 <br /> O R A N G E C O U N T Y <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: <br /> October 17, 1995 Action Agenda Item <br /> # .M-I� <br /> SUBJECT: <br /> Assignment of Tax Foreclosure Bid <br /> DEPARTMENT: PUBLIC HEARING: Yes X No <br /> Revenue <br /> ATTACHMENT(S) : INFORMATION CONTACT: <br /> 6 Attachments Ginger B. Rolfe <br /> TELEPHONE NUMBERS: <br /> Hillsborough - 732-8181 ext 2727 <br /> Durham - 688-7331 <br /> Mebane - 227-2031 <br /> Chapel Hill - 967-9251/968-4501 <br /> PURPOSE: <br /> To allow the completion of a tax foreclosure sale by permitting an <br /> individual to purchase the foreclosed property at the price that <br /> the County bid. <br /> BACKGROUND: <br /> On September 26, 1995 the Sheriff of Orange County sold property <br /> owned by Lelia Atwater to satisfy a tax foreclosure by the Orange <br /> County Tax Collector. There were no bidders at the sale and the <br /> Tax Collector bid in the property for the amount of taxes and costs <br /> due of $558.77. <br /> The Tax Collector's Office notified adjacent property owners <br /> several weeks prior to the sale to secure potential bidders. One <br /> of those adjacent property owners, Mrs. Annette H. Preston, is <br /> interested in buying the property. She was unable to attend the <br /> sale. <br /> GS 105-376(a) provides that a taxing unit having bid in the <br /> property at the foreclosure sale "may assign its bid at any time by <br /> private sale for not less than the amount of the bid." When an <br /> assignment is made by the taxing unit it should be signed in the <br /> unit's name by the chairman of the board. Authority for making the <br /> assignment should appear in the minutes of the board. <br /> RECOMMENDATION(S) : <br /> The Manager recommends that the Board of Commissioners adopt the <br /> resolution. <br />