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2 <br /> raised, the bidder shall deposit with the County five percent (5%) of the increased bid, and the <br /> County shall re-advertise the offer at the increased bid amount for an additional ten days. This <br /> procedure shall be repeated until no further qualifying upset bids are received, at which time the <br /> Board may accept the offer and sell the property to the highest bidder. The final offer will be <br /> returned to the Board for consideration and approval. <br /> FINANCIAL IMPACT: The sale of this land will generate $5,000 in revenue, which the County <br /> can allocate as needed. <br /> ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals <br /> applicable to this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board accept the offer to purchase <br /> a County-owned 0.2-acre property, PIN #9863668263, in Hillsborough, and approve and <br /> authorize the Chair to sign the resolution authorizing the sale of the property through an upside <br /> bid process. <br />