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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 anytime 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 /> 4 <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> Laura Jensen 52 <br /> Clerk to the Boardits� 7 <br /> t <br />