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CABARRUS COUNTY <br />BOARD OF • • <br />REGULAR <br />f <br />�?hCCAR''� j 11r <br />DECEMBER 14 2 <br />1 <br />AGENDA CATEGORY: <br />Consent Agenda <br />SUBJECT: <br />Infrastructure and Asset Management - Offer for Purchase of Tax <br />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 />Those online auctions have a time limited duration. One particular parcel, <br />located at 637 Faith Drive SW in Concord, has recently received an offer <br />to purchase, after the web service auction expired, for $2,000 from Nadine <br />L. Massarelli, a resident of Kannapolis. In order to accept this offer to <br />purchase it is required to go through the standard upset bid process. The <br />process for upset bids is attached (G.S. 160A -269). <br />* Allowing for the required 10 days, the upset bid deadline closed on <br />Monday, December 14, 2015 at 4:00 p.m., by which time no upset bids <br />were received, therefore completing the upset bid process. <br />REQUESTED ACTION: <br />Motion to award the 637 Faith Drive SW property to Nadine L. Massarelli <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 />SUBMITTED BY: <br />Kyle D. Bilafer, Infrastructure and Asset Management Director <br />F -8 Page 243 <br />