Title
Vote on a request to accept the offer in the amount of $2,500 for real property in ownership of Chatham County located north of the intersection of Old US 421 N. and Ward Road on the Chatham Randolph County line, with Parcel ID Number 0000189 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 $2,500 for real property in ownership of Chatham County located north of the intersection of Old US 421 N. and Ward Road on the Chatham Randolph County line, with Parcel ID Number 0000189 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 $2,500, by a private party, for a 0.41-acre parcel of land located north of the intersection of Old US 421 N. and Ward Road, NC, with corresponding Parcel ID number 0000189, which is in the ownership of the County. The County obtained possession of this property by way of a tax foreclosure sale in March 2012; the purchase price being $1,503, 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 July 18, 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 a...
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