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8 <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 /> deposit on an offer subject to upset if a qualifying higher bid is received. The County <br /> will return the deposit of the final high bidder at closing. <br /> 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 <br /> do 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 <br /> above is hereby accepted. The County Manager is authorized to execute the <br /> instruments necessary to convey the property to Mr. Rica, 200 Dumont Drive, <br /> Hillsborough, NC. <br /> This 6th day of September, 2022 <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> Laura Jensen <br /> Clerk to the Board <br />