Bids & Announcements
Notice of Upset Bid
527 East Pine Avenue & 532 East Pine Avenue
Wake Forest, NC 27587
The Town of Wake Forest Board of Commissioners has received an offer for the purchase of certain real properties. The first property is located at 527 East Pine Avenue, Wake Forest, NC 27587. The property is approximately 0.172 acres and has Wake County Tax PIN # 1841-72-0118. The second property is 532 East Pine Avenue, Wake Forest, NC 27587. This property is approximately 0.114 acres and has Wake County Tax PIN # 1841-62-9064. The qualifying offer accepted is sixty-three thousand four hundred dollars ($ 63,400.00). NC General Statute 160A-269 permits the Town to sell real property by the method of upset bid, after the receipt of an offer for the real property.
The Town will consider upset offers of not less than a ten percent (10%) increase of the first one thousand dollars ($1,000.00) of that offer and five percent (5%) of the remainder of the offer for a minimum of ten (10) days following the publication of this ad (August 6, 2020). To upset the initial bid, a qualifying upset bid is one that raises the existing offer to an amount no less than three thousand two hundred-twenty dollars ($3,220.00) for a total bid of no less than sixty-six thousand six hundred twenty dollars ($66,620.00) A five percent (5%) bid deposit (which can be made in cash, certified funds, or a letter of credit) must accompany the proposed offer and be received before August 17, 2020 @ 9:00 AM. The Town will return the deposit of a bid that is not actually accepted. If an additional offer is submitted and qualifies to upset the present bid, the upset bid ad will be posted for another ten (10) days until such a time when there are no additional qualifying offers. The Town must approve the final high offer, which it will do within 45 days after the final upset bid period has passed. The Town may at any time during the process reject any or all offers.
To submit an upset bid, please mail or deliver your offer, including your five (5%) bid deposit to: Town of Wake Forest; Attn: Randy Driver, Purchasing Manager, 234 Friendship Chapel Road, Wake Forest, NC 27587. For further questions, contact Randy Driver at 919-435-9474.
Notice of Surplus Sale
The Town of Wake Forest has a number of vehicles, office supplies, and other surplus items for sale. A listing of the vehicles can be viewed at www.govdeals.com. When visiting the site the easiest way to locate items that the Town has for sale would be to do the following steps:
Click on the ADVANCED SEARCH tab;
Under SELLER NAME use the drop down to locate Wake Forest NC and then click SEARCH;
If there are items for sale they will appear.
If interested, please check the site often.