BC 2012 05 24 Recessed Meeting - Laserfiche WebLink

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May 24, 2012 (Recessed Meeting) Page 1097 attached Exhibit A, which Property is surplus to its needs; and WHEREAS, N.C. Gen. Stat. § 160A -268 permits the County to sell real property by advertisement and sealed bid. THE BOARD OF COMMISSIONERS OF CABARRUS COUNTY RESOLVES THAT: 1. 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 noon, Friday, June 29, 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 noon on Friday, June 29, 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, July 2, 2012. 4. The Board of Commissioners will determine the highest responsible bidder for the Property and may award the bid by its regular meeting on July 16, 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 in an amount of not less than $10,000.00 and 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. 6. 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. The County may also elect to treat the highest responsible bidder as an offer to purchase the Property and advertise the Property for upset bids, pursuant to N.C. Gen. Stat. §160A -269. 8. The Property will be sold "as is, where is ". Adopted: May 24, 2012. ATTEST: CABARRUS COUNTY BOARD OF COMMISSIONERS /s/ Kay Honeycutt By: /s/ Elizabeth F. Poole Kay Honeycutt, Clerk to the Board Elizabeth F. Poole, Chair Book 7599 Page 275 I!Wlftam aal kl\ [Former Bethel Elementary School Property] LYING AND BEING in No. 10 Township, Cabarrus County, North Carolina, and being more particularly described as follows: PARCEL 1: Being all of the property described in the deed recorded in Book 111 at Page 392, Cabarrus County Registry (which as explained below, includes all of the property described in the deed recorded in Book 201 at Page 53, Cabarrus County Registry) and being described in said deed as follows: Beginning at an iron stake N. 1 1/ E. 25 feet from the Second Southern Bell Telephone Post on the South side of the Road or Charlotte - Albemarle Highway, said post being number 2 from the Bethel Concord Highway; said iron stake being in center of the Charlotte Albemarle Highway and runs thence through said Telephone Post S. 1 :� W. 200 feet to an iron stake in field; thence S. 40 E. 600 feet in a field; thence S. 72 1 -5 E. 327 feet to an iron stake in the Bethel Private Road; thence