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Board approves upset-bid sale process for Bridgerton property, accepts $200,000 offer
Summary
The Craven County Board of Education authorized an upset-bid sale process for surplus property in Bridgeton after receiving an initial $200,000 offer; the board voted unanimously to accept the resolution initiating the statutory upset-bid procedure under North Carolina law.
The Craven County Board of Education voted unanimously on March 20 to authorize an upset-bid sale procedure for two parcels in Bridgeton that the board previously declared surplus.
Board members adopted a resolution that accepts an initial $200,000 cash offer from a buyer identified in the resolution as Dave Vincent and directs the superintendent to publish notice and accept upset bids under the applicable North Carolina statute. The resolution sets a 60-day closing once a final high bid is accepted and requires a 5% deposit from the initial offer and from any qualifying upset bid.
The…
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