Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Brinn House Sale topic
No spam. Unsubscribe anytime.
Hertford council withdraws Brinn House sale, restarts upset-bid process
Summary
The Town of Hertford voted Jan. 24 to reject previous bids for the 2.62-acre Brinn House property at 1000 West Grubb Street, withdraw the property from sale, and reopen the sale under North CarolinaGen. Stat. §160A-269 via a negotiated offer and upset-bid process; council approved both resolutions 4-0.
At its Jan. 24 recessed meeting, the Council of the Town of Hertford voted unanimously to disapprove and reject all bids on the Brinn House property and to withdraw the tract from sale, then authorized restarting the sale under the negotiated-offer and upset-bid procedure provided by North Carolina General Statute 160A-269.
Interim Town Manager Janice McKenzie Cole told the council the town had identified a procedural error in the earlier upset-bid process and that the council should withdraw the property rather than approve the prior high bid. Councilman Jerry Mimlitsch moved to approve Resolution 1.24.2022-01 disapproving and rejecting all bids; the motion passed 4-0.
The council then approved Resolution 1.24.2022-02 to authorize sale through the upset-bid process. The resolution records an existing offer of $34,700 submitted by One Chase Construction Company with a five percent deposit already paid by the bidder. Under the adopted terms, a qualifying higher upset bid must increase the existing offer by at least 10 percent of the first $1,000 and 5 percent of the remainder; qualifying bids must be accompanied by a five percent deposit in certified funds. The resolution sets closing procedures (cash, certified funds or wire transfer) and makes the sale "as is," and it requires a buyer to bring the property into compliance with the Town's ordinances and building codes within two years of closing. The council reserved the right to withdraw the property at any time before final acceptance of a high bid.
Both resolutions were adopted by voice vote with Councilmembers Mimlitsch, Anderson, Brothers and Mayor Pro Tem Ashley Hodges voting aye.
The Town Clerk is required to publish notice of the proposed sale and the upset-bid rules; the sale will proceed only after the upset-bid period closes and the council approves any final high offer. No closing or transfer will occur until the council approves the final high bid, per the resolution.
The action restarts the statutory upset-bid process for the 2.62-acre property at 1000 West Grubb Street; the council did not approve a final sale at this meeting.
