An offer of $240,000 has been submitted for the purchase of certain property on East Interstate Service Road owned by the City of Graham, more particularly described as GPIN #8884402904, Parcel ID: 146703 (the “Property”).
Persons wishing to upset the offer that has been received shall submit a sealed bid with their offer to the office of the City Clerk, Graham Municipal Building, 201 South Main Street, Graham, North Carolina 27253, by 5:00 p.m., March 25, 2019. At that time the city clerk shall open the bids, if any, and the highest qualifying bid will become the new offer. If there is more than one bid in the highest amount, the first such bid received will become the new offer.
A qualifying higher bid is one that raises the existing offer to an amount not less than $252,050, and must contain all of the conditions approved in the resolution of acceptance by the City Council.
A qualifying higher bid must be accompanied by a deposit in the amount of five percent (5%) of the bid; the deposit may be made in cash, cashier’s check, or certified check. The city will return the deposit on any bid not accepted, and will return the deposit on an offer subject to upset if a qualifying higher bid is received. The city will return the deposit of the final high bidder at closing. Bidders shall not attach any conditions to their bids and the buyer must pay cash at closing.
The City Council must approve the final high offer before the sale is closed, which it will do within 30 days after the final upset bid period has passed. The city reserves the right to withdraw the property from sale at any time before the final high bid is accepted and the right to reject at any time all bids.
Further information may be obtained at the office of City Clerk, Graham Municipal Building, 201 South Main Street, Graham, North Carolina 27253, or by telephone (336)570-6700 during normal business hours.
City of Graham
201South Main Street
Graham, North Carolina 27253