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AG 2015 12 14
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AG 2015 12 14
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Last modified
12/15/2015 4:02:00 PM
Creation date
11/27/2017 10:40:27 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/14/2015
Board
Board of Commissioners
Meeting Type
Regular
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ADVERTISEMENT FOR SEALED BIDS <br />SALE OF COUNTY PROPERTY <br />637 Faith Drive SW <br />PIN 5529 -55- 9187 -0000 <br />Publish Date: December 2nd, 2015 <br />Bid Due Date: December 14th, 2015 at 4:00 p.m. <br />The Board of Commissioners of Cabarrus County has authorized the sale by upset <br />bid of the parcel of real estate (the "Property ") attached as Exhibit A. <br />Persons wishing to upset the $2,000 offer that has been received shall submit a <br />sealed bid with their offer to the office of the county manager within 10 days <br />after the notice of sale is published. During the 10 day bidding period, the <br />clerk shall open any bids received, if any, and the highest such bid will become <br />the new offer. If there is more than one bid in the highest amount, the first <br />such bid received will become the new offer. <br />If a qualifying higher bid is received, the county clerk shall cause a new notice <br />of upset bid to be published, and shall continue to do so until a 10 -day period <br />has passed without any qualifying upset bids having been received. At that time, <br />the amount of the final high bid shall be reported to the County Commission. <br />A qualifying higher bid is one that raises the existing offer by not less than <br />ten percent (10%) of the first $1,000.00 of that offer and five percent (5%) of <br />the remainder of that offer. <br />The Board of Commissioners will determine the highest responsible bidder for the <br />Property and may award the bid by its next regular meeting. The Property is being <br />sold "as is, where is ". Bids will remain open and subject to acceptance until <br />the Board of Commissioners awards the bid. For a bid to be considered, it must <br />be in a minimum amount of $1,150. <br />Each bid must be accompanied by a bid deposit of five percent (50) of the <br />amount of the bid. A bid deposit may take the form of cash, a cashier's check, <br />a certified check, or a surety bond. The deposit of the bidder to whom the award <br />is made will be held until sale of the Property is closed; if that bidder refuses <br />at any time to close the sale, the deposit will be forfeited to the County. The <br />deposits of other bidders will be returned at the time the Board of Commissioners <br />awards the Property to the highest responsible bidder. <br />In order for a bid to be considered, the bidder must be current on payment <br />of all property taxes owed to the County. <br />The County reserves the right to withdraw the Property from sale at any <br />time and the right to reject all bids and the right to treat the high bid as an <br />offer to purchase the Property and advertise the Property for upset bids. <br />Inquiries about sale of the Property may be made to the County Manager's <br />Office, Second Floor, Cabarrus County Governmental Center, 65 Church Street SE, <br />Concord, North Carolina 28025. Inquiries related to the Property should be <br />addressed to Jonathan Marshall, Deputy County Manager, at 704 - 920 -2145. <br />Attachment number 4 \n <br />F -8 Page 253 <br />
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