Narrative of Resolution:
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To accept/reject bids from the September 2024 Real Property Auction
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RESOLUTION INTRODUCED BY EXECUTIVE COMMITTEE TO ACCEPT/REJECT BIDS FROM THE SEPTEMBER 2024 REAL PROPERTY AUCTION
WHEREAS, the Sullivan County Legislature authorized auctions to be conducted by Absolute Auctions and Realty, Inc. for real property acquired by virtue of the In Rem tax foreclosure proceedings, and
WHEREAS, Absolute Auctions and Realty, Inc. conducted an auction on September 11, 2024 and
WHEREAS, by the Terms of Sale, the County reserved the right to withdraw any property listed in the notice of sale from the auction and further required that all such bids at the auction be approved or rejected by the Sullivan County Legislature, and
WHEREAS, the Real Property Advisory Board recommends all bids made at said auction be accepted, and
WHEREAS, the successful bidders will have until 5:00 p.m. on Friday, October 11, 2024, pursuant to the terms and conditions of the auction, to pay the balance due to the Sullivan County Treasurer’s Office or any deposit remitted will be forfeited, and
WHEREAS, the successful bidders must purchase all parcels they were the successful bidders for, and
WHEREAS, if the successful bidder(s) do not remit the balance of the bid amount by Friday, October 11, 2024, pursuant to the terms and conditions of the auction, the parcels will be reoffered for sale to the second bidders, and the deposit(s) will be forfeited, and
NOW, THEREFORE, BE IT RESOLVED, the bids recorded at the real property auction held on September 11, 2024 are hereby accepted and the Chairman of the Sullivan County Legislature is hereby authorized and directed to execute the necessary documents to convey such title to the successful bidder, or to the party to whom conveyance shall be made, and
BE IT FURTHER RESOLVED, the Sullivan County Treasurer is authorized to forfeit and retain any deposits made on bids that are not paid in full on or before 5:00 p.m. on October 11, 2024, pursuant to the terms and conditions of the auction.
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