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RES-2022-039-Resolution authorizing upset bid process for .12 acre plot GIS pin #9779088613 Chapel Hill, NC
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RES-2022-039-Resolution authorizing upset bid process for .12 acre plot GIS pin #9779088613 Chapel Hill, NC
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Last modified
6/27/2022 10:07:43 AM
Creation date
6/27/2022 10:07:17 AM
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BOCC
Date
6/21/2022
Meeting Type
Business
Document Type
Resolution
Agenda Item
8-t
Document Relationships
Agenda - 06-21-2022 Business Meeting
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2022
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RES - 2022 -039 <br /> Attachment #3 <br /> Resolution Authorizing Upset Bid Process for . 12 acre plot, GIS Pin # 9779088613, <br /> Chapel Hill , NC <br /> WHEREAS, Orange County owns certain property, . 12 acres of land and located at GIS Pin # <br /> 9779088613 , Chapel Hill , NC . ; and <br /> WHEREAS, North Carolina General Statue 160A- 269 permits the County to sell property by upset <br /> bid , after receipt of an offer for the property : and <br /> WHEREAS, Orange County has received an offer . to purchase the property described above , in <br /> the amount of $ 500 submitted by Ms . Catherine Gihlstorf, owner of adjacent property located at <br /> 8701 Drew Lane , Chapel Hill , NC, and Mr . Timothy Gallagher; and <br /> WHEREAS Ms . Catherine Gihlstorf has paid the required five percent ( 5 % ) deposit on its offer; <br /> THEREFORE , we , the Orange County Board of County Commissioners resolve that . <br /> 1 . The Orange County Board of County Commissioners authorizes the sale of the property <br /> described above through the upset bid procedure of North Carolina General Statute <br /> 160A- 269 . <br /> 2 . The Orange County Purchasing Agent shall cause a notice of the proposed sale to be <br /> published . The notice shall describe the property and the amount of the offer, and shall <br /> state the terms under which the offer may be upset . <br /> 3 . Persons wishing to upset the offer that has been received shall submit a sealed bid with <br /> their offer to the office of the Purchasing Agent, located at 405 Meadowlands Drive , <br /> ' Hillsborough , NC, within 10 days after the notice of sale is published . At the conclusion <br /> of the ten day period , the Purchasing Agent shall open the bids, if any, and the highest <br /> such bid will become the new offer . If there is more than one bid in the highest amount, <br /> the first such bid received will become the new offer . <br /> 4 . If a qualifying higher bid is received , the Purchasing Agent shall cause a new notice of the <br /> upset bid to be published , and shall continue to do so until a 10 —day period has passed <br /> without any qualifying upset bids having been received . At that time , the amount of the <br /> final high bid shall be reported to the Orange County Board of County Commissioners . <br /> 5 . A qualifying higher bid is one that raises the existing offer by not less than ten percent <br /> ( 10 % ) of the first $ 1, 000 of that offer and five percent ( 5 % ) of the remainder of that offer . <br /> 6 . A qualifying higher bid must also be accompanied by a deposit in the amount of five <br /> percent ( 5 % ) of the bid ; the deposit may be made in cash , cashier' s check, or certified <br /> check . The County will return the deposit on any bid not accepted , and will return the <br />
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