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AG 2001 12 17
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AG 2001 12 17
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Last modified
7/19/2002 4:28:34 PM
Creation date
11/27/2017 11:46:34 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/17/2001
Board
Board of Commissioners
Meeting Type
Regular
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ao <br /> <br />The same rules apply as in purchasing (G.S. 143-129) <br />There is one modification for real property. An <br />advertisement for sealed bids must be published in a <br />newspaper having general circulation in the local <br />government's area not less than 30 days before the <br />date fixed for opening bids. <br /> <br />(Publication must occur I0 days before the bids are <br />opened if only personal property is being sold) The <br />advertisement should generally describe the property, <br />tell where it can be examined and when and where the <br />bids will be opened, state that a five percent (5%) bid <br />deposit is required and will be retained if the <br />successful bidder fails to consummate the contract, <br />and reserve the boards' right to reject any and all bids. <br />Bids must be opened in public and be recorded in the <br />board's minutes. The award should be made to the <br />highest bidder. <br /> <br /> Negotiated offer, advertisement and upset bids: <br /> a. The governing body may solicit or receive an offer to <br /> purchase property. <br />b. The offeror must make a deposit of five percent (5%) <br /> of the amount offered to be considered by the unit. <br />c. The offer must be advertised ten (10) days before the <br /> sale is consummated. The advertisement should <br /> include a notice that within ten (10) days any person <br /> may raise the bid by not less than ten percent (10%) of <br /> the first one thousand dollars ($1,000) and five percent <br /> (5%) of the remainder. This additional bid is referred <br /> to as an "upset bid". <br /> If an upset bid is received, steps b. and c. must be <br /> repeated until no further bids are received. <br /> <br />d4 <br /> <br />Public Auction: <br />a. The governing body must pass a resolution <br /> authorizing the sale; describing the property to be <br /> sold; and specifying the date, time, place and terms of <br /> sale. <br />b. Notice of the sale of real property must be published <br /> once at least 30 days before the sale. For personal <br /> property only, the notice must be published at least <br /> ten (10) days before auction or negotiated sale. <br /> <br /> <br />
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