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Newton Council adopts resolution to sell 125 South Ervin Avenue under state upset-bid rules
Summary
The Newton City Council voted unanimously Feb. 3 to adopt a resolution authorizing sale of 125 South Ervin Avenue to a $100,000 bidder under the upset-bid provisions of N.C.G.S. 160A-269; the bidder has deposited 5% as required. Council also approved routine consent items and minutes amendments.
The Newton City Council voted unanimously Feb. 3 to adopt a resolution authorizing the sale of surplus property at 125 South Ervin Avenue and authorized the City Manager or mayor to execute closing documents under North Carolina General Statute 160A-269. City Attorney John Cilley explained that the statute requires an initial bidder to deposit five percent of…
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