Surplus Property

Upset Bids Procedure – North Carolina General Statute 160A-269  

Stokes County is soliciting offers to purchase advertised surplus property. When an offer is made and the Board of Commissioners propose to accept it, the Board will require the bidder to deposit five percent (5%) of his/her bid amount with the Purchasing/Project Manager, and shall publish a notice of the offer. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the Purchasing/Project Manager five percent (5%) of the increased bid amount, and the Purchasing/Project Manager shall re-advertise the offer at the increased bid amount. This procedure will be repeated until no further qualifying upset bids are received, at which time the Board of Commissioners may accept the offer and sell the property to the highest bidder.

The Stokes County Board of Commissioners reserves the right to reject any and all offers received if the Board deems it to be in the best interest of Stokes County.

Parcel

Deed Bk/Pg.

Plat

Location

Tax Value

5974729981

728/260

18/24

High Bridge Road

 



To make an offer to purchase a listed parcel, contact Glenda Pruitt, Purchasing/Project Manager
at
(336) 593-2452