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5 <br /> deposit on an offer subject to upset if a qualifying higher bid is received. The County will <br /> 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 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 afterthe 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 Ms. Catherine Gihlstorf, 8701 Drew Lane, Chapel <br /> Hill, INC, and Mr.Timothy Gallagher. <br /> This 215tday of June, 2022 <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> �s <br /> Laura Jens <br /> Clerk to the Board 1 ,� <br /> Tart as' <br />