Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Catawba County declares 7.57-acre Newton parcel surplus, opens upset-bid sale
Loading...
Summary
The Board declared county property at 2804 Beech Tree Street surplus and authorized the statutory upset-bid sale process after receiving a $70,000 offer; staff will advertise and accept upset bids under N.C. Gen. Stat. 160A-269.
The Catawba County Board of Commissioners voted April 6 to declare the county-owned parcel at 2804 Beech Tree Street in Newton surplus and to begin the statutory upset-bid sale process after receiving an offer of $70,000.
Staff said the offer came from Jerry Hildebran Jr., who owns adjoining land and submitted the required deposit (five percent of the offer). The parcel is 7.57 acres with an assessed value of $41,200. County policy and state law allow sale by upset bid: the county will publish notice of the offer in the Hickory Daily Record and on its website; upset bids may be submitted within 10 days of publication and, if received, will be re-advertised until no further qualifying upset bids are received.
Under N.C. Gen. Stat. 160A-269, a qualifying higher bid must increase the existing offer by a specified threshold (10% of the first $1,000, 5% of the remainder) and be accompanied by a five-percent deposit. If no qualifying bids are received after notice, staff will proceed to finalize conveyance to the offeror; if upset bids are received, the board will accept or reject the final high bid.
The resolution declaring the property surplus and authorizing the upset-bid procedure was adopted as part of the consent agenda and carried unanimously.
Next steps include publication of the notice and acceptance of any timely upset bids; the county requires cash or certified funds from the successful bidder at closing.