Title
Vote on a request to accept the offer in the amount of $10,000 for real property in ownership of Chatham County located at 5618 Piney Grove Church Road, Siler City, NC 27344, with Parcel ID number 0064987 as authorized by the prescribed method of “negotiated offer, advertisement, and upset bids” process defined by NC General Statute 160A-269
Abstract
Action Requested: Vote on a request to accept the offer in the amount of $10,000 for real property in ownership of Chatham County located at 5618 Piney Grove Church Road, Siler City, NC 27344, with Parcel ID number 0064987 as authorized by the prescribed method of “negotiated offer, advertisement, and upset bids” process defined by NC General Statute 160A-269
Introduction & Background: Chatham County received an offer of $10,000, by a private party, for a 1.148-acre parcel of land located at 5618 Piney Grove Church Road, Siler City, NC, with corresponding Parcel ID number 0064987, which is in the ownership of the County. Upon the subject property is one unoccupied mobile home. The County obtained possession of this property by way of a tax foreclosure sale in February 2018; the purchase price being $5,314.01, including interest, recording fee and excise tax.
The County is authorized to dispose of real property belonging to it through five different methods defined by state law. These methods include private negotiation and sale; advertisement for sealed bids; negotiated offer, advertisement, and upset bid; public auction; and exchange. Having an initial offer already made the Chatham County Board of Commissioners approved engaging in the “negotiated offer, advertisement, and upset bid” process, as defined by law at its March 21, 2022, regular meeting.
Since the initial offer acceptance by the Board of Commissioners, the offeror deposited 5% of the bid amount with the County, a notice of the offer was published in the News and Record as provided by the referenced state law and for the duration as required. The notice period of 10 days elapsed without an upset bid. Having followed the procedures as prescribed by law under the upset bid process, and having received no raised bids, the Board of Commissioners may accept the offer and sell the property to the highest bidder - in this case, the initial bidder. The Board retains the authority to reject any and all offers at its election.
Discussion & Analysis: The subject property is not currently in use by the County for an active public purpose, nor is it anticipated that any definable public use will be realized in the future if the County were to maintain ownership of this property. Accordingly, staff recommends disposing of this property to the highest bidder, which will allow the property to be placed in private ownership, where the public good may be served by adding to the Chatham County tax base.
How does this relate to the Comprehensive Plan:
Budgetary Impact: The initial sale of the subject property will generate a one-time general fund revenue resulting from the sale proceeds. Provided it is not placed under tax exempt status following the sale, this property will be subject to a tax levy resulting in ongoing general fund revenue generation.
Recommendation: Approve the request to accept the offer in the amount of $10,000 for real property in ownership of Chatham County located at 5618 Piney Grove Church Road, Siler City, NC 27344, with Parcel ID number 0064987 as authorized by the prescribed method of “negotiated offer, advertisement, and upset bids” process defined by NC General Statute 160A-269