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CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <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. One <br />particular parcel the County took ownership of is located at 335 Fox Street <br />in Concord, NC. The property has yet to be posted on the online surplus <br />web service. Before we could post the property we received an offer to <br />purchase. The offer to purchase came from Donald Watson and the <br />amount offered is $2,000. In order to accept this offer to purchase it is <br />required to go through the standard upset bid process. The process for <br />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 335 Fox Street property to Donald Watson and to <br />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 -9 Page 255 <br />