Laserfiche WebLink
CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />REGULAR MEETING <br />MAY 18, 2015 <br />6:30 P.M. <br />AGENDA CATEGORY: <br />Old Business <br />SUBJECT: <br />County Manager - Offer for Purchase of Tax Foreclosure Property <br />BRIEF SUMMARY: <br />Tax foreclosure parcels that are not purchased through the Courthouse <br />auction have been sold using an online surplus property web service. <br />However, there has been an offer for purchase of one of these parcels <br />before it could be placed in that service, and so it is required to be <br />processed through the standard upset bid process. The parcel is located <br />at 132 Ft. Worth Avenue in Kannapolis. The process for upset bids is <br />attached (G.S. 160A -269). <br />* Allowing for the required 10 days, the upset bid deadline closed on <br />Monday, May 11, 2015 at 4:00 p.m., by which time no upset bids were <br />received, therefore completing the upset bid process. <br />REQUESTED ACTION: <br />Motion to award the 132 Ft. Worth Avenue property to Mr. Donald Watson <br />and to authorize the County Manager and County Attorney to finalize the <br />transaction and execute related documentation. <br />EXPECTED LENGTH OF PRESENTATION: <br />5 Minutes <br />SUBMITTED BY: <br />Jonathan B. Marshall, Deputy County Manager <br />BUDGET AMENDMENT REQUIRED: <br />E -1 Page 51 <br />