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RESOLUTION AUTHORIZING AUCTION SALE 17 OF THE OLD BETHEL SCHOOL PROPERTY .> WHEREAS, Cabarrus County is the owner of parcels of land known as r the Old Bethel School Property on Highway 24 -27 (the "Property "), as indicated on the attached Exhibit A, which Property is surplus to its needs; and WHEREAS, North Carolina General Statutes § 160A -266 permits the County to sell real property by advertisement and sealed bid. THE BOARD OF COMMISSIONERS OF CABARRUS COUNTY RESOLVES THAT: The Board of Commissioners hereby authorizes the sale by sealed bid of the Property indicated on Exhibit A. 2. The County will accept sealed bids for the Property until 3:00 p.m., Friday, February 17, 2012. Bids shall be delivered to the office of Mike Downs, County Manager, Second Floor, Cabarrus County Governmental Center, 65 Church Street, Concord, North Carolina. 3. At 3:00 p.m. on Friday, February 17, 2012, all bids received shall be opened in public and the amount of each bid recorded. The record of bids shall be reported to the Board of Commissioners at their work session meeting on Monday, March 5, 2012. 4. The Board of Commissioners will determine the highest responsible bidder for the Property and may award the bid at its regular meeting on March 19, 2012. Bids will remain open and subject to acceptance until the Board of Commissioners awards the bid. 5. To be responsible a bid must be accompanied by a bid deposit of five percent (5 %) of the amount of the bid. A bid deposit may take the form of cash, a cashier's check, a certified check, or a surety bond. The deposit of the bidder to whom the award is made will be held until sale of the Property is closed; if that bidder refuses at any time to close the sale, the deposit will be forfeited to the County. The deposits of other bidders will be returned at the time the Board of Commissioners awards the Property to the highest responsible bidder. In addition, to be responsible, a bidder must be current on payment of all property taxes owed to the County. 7. The County reserves the right to withdraw the Property from sale at any time and the right to reject all bids. Inspections of the property may be arranged by contacting Kyle Bilafer at 704 - 904 -8795 or kdbilafer @cabarruscounty.us. The Property will be sold "as is, where is ". Adopted: January 17, 2012. ATTEST: G. Kay Honeycutt, Clerk to the Board CABARRUSCOUNTY BOARD OF COMMISSIONERS Elizabeth F. Poole, Chair Attachment number 1 M Page 273