TITLE
Title
SALE OF SURPLUS PROPERTY: 612 CABLE STREET, HIGH POINT, NC
end
SPONSOR
Sponsor
Robert McNiece
end
BACKGROUND
Background
On January 21, 2016 the Board of Commissioners voted to declare as surplus, and accept an unsolicited offer for a home and lot located at 612 Cable Street in High Point, NC, that was acquired by the County as a Tax Foreclosure. At the direction of the Board, the property then entered into the upset bid process. On May 1, 2016, the property was advertised for a ten (10) day upset bid, per NCGS 160A-269. In total, seven (7) separate ten (10) day upset bid periods were conducted. A bid of $10,000 was received at the August 9, 2016 bid opening and was declared the highest qualifying bid. The property was subsequently advertised for a ten (10) day upset bid, with the bid opening occurring on September 21, 2016. No additional bids were received. The total delinquent taxes and costs are $5,674.39. The current bid is $10,000.
end
BUDGET IMPACT
Budget Impact
NO ADDITIONAL COUNTY FUNDS REQUIRED
end
REQUESTED ACTION
Requested Action
Approve the sale of surplus property located at 612 Cable Street, High Point, NC 27260 (Tax Parcel No. 171717) for $10,000 to the current highest bidder, and authorize staff to take all reasonable and necessary steps to execute the sale of the property.
end