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RES-2022-028-Resolution Authorizing Upset Bid Process for 129 East King Street
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RES-2022-028-Resolution Authorizing Upset Bid Process for 129 East King Street
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Last modified
5/25/2022 11:21:38 AM
Creation date
5/25/2022 11:21:05 AM
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BOCC
Date
5/24/2022
Meeting Type
Business
Document Type
Resolution
Agenda Item
8-i
Document Relationships
Agenda 05-24-22; 8-i - Proposed Sale of 129 East King Street, Hillsborough, NC
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\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-24-2022 Business Meeting
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7 . The terms of the final sale are that : <br /> The County must approve the final high offer before the sale is closed , which it will do <br /> within 30 days after the final upset bid period has passed , and <br /> The buyer must pay with cash at the time of the closing . <br /> 8 . The County reserves the right to withdraw the property from sale at any time before the <br /> final high bid is accepted and the right to reject at any time all bids . <br /> 9 . If no qualifying upset bid is received after the initial public notice , the offer set forth above <br /> is hereby accepted . The County Manager is authorized to execute the instruments <br /> necessary to convey the property to Miller Property Management, LLC . <br /> This 24th day of May, 2022 . <br /> n <br /> Renee Price , Chair <br /> Orange County Board of Commissioners <br /> Laura Jense <br /> Clerk to the Board <br /> tt (ESAt <br />
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