City-Owned Properties

Occasionally, the City acquires ownership to properties through the foreclosure process as administered by the Pasquotank County Tax Department.  The City of Elizabeth City may offer these properties for sale pursuant to a process defined by North Carolina General Statutes.  

 Process Description:

If the City Council determines that a particular property serves no practical purpose for the City, the Council may classify the property as surplus.  Once the property has been declared surplus and a suitable offer has been received, the City Clerk would follow the upset bid process as defined by NCGS § 160A-269, which reads as follows:

NCGS § 160A-269.  Negotiated offer, advertisement, and upset bids.
A city may receive, solicit, or negotiate an offer to purchase property and advertise it for upset bids. When an offer is made and the council proposes to accept it, the council shall require the offeror to deposit five percent (5%) of his bid with the city clerk, and shall publish a notice of the offer. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within 10 days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars ($1,000) and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the city clerk five percent (5%) of the increased bid, and the clerk shall readvertise the offer at the increased bid. This procedure shall be repeated until no further qualifying upset bids are received, at which time the council may accept the offer and sell the property to the highest bidder. The council may at any time reject any and all offers.


For More Information:

If there are properties listed below, they are owned by the City of Elizabeth City that could be ordered surplus property by the City Council.  Available properties will include a link to additional information about the addressed property.  If you have questions or would be interested in submitting a bid, contact the City Manager’s Office at (252) 337-6864. Bids must be submitted in writing to mfreeman@elizabethcitync.gov

 

There are currently no properties listed for sale by the City of Elizabeth City.