The Daily Southerner
John H. Walker
The Town of Tarboro has entered the real estate business — on a limited basis.
The town has posted ‘FOR SALE” signs on 11 lots it now owns in hopes of attracting a buyer and getting them back on the tax rolls.
The properties — which total 22 altogether — include 11 that are large enough that a home might be built on them. They are the ones where signs were erected Tuesday.
“The town came into possession of these lots by various means,” explained Town Planner Josh Edmondson. “Now, we want to see if we can’t sell them, generate a little money and get them producing tax revenues again.”
In addition, a sale would mean the town is no longer responsible for maintaining the property, which includes mowing during the growing season.
Members of the town council first heard about the lots last Aug. 13 when Finance Director Karla McCall presented council members with a map showing town-owned properties.
McCall described the properties as “the only ones that are really big enough to do anything with.”
On Tuesday, Edmondson and Public Works Director Troy Lewis were placing the white signs with red lettering where they might be easily seen from the street.
Edmondson said the town had sent out letters to local contractors, real estate agents and neighbors in an effort to generate interest.
The lots will be sold through a bid process — submitting an offer to purchase form and a 5 percent (of the bid) deposit. The submission will be reviewed by the council and either accepted or rejected.
Edmondson said if the offer were accepted, a notice would be placed in the newspaper. During that time, others will have the opportunity to submit an upset bid. The upset bid must meet bidding guidelines to be considered.
Most of the properties are in East Tarboro although a couple is in the Middle Street area, just off West Wilson.
Edmondson said the remaining properties — which are not being offered at this time — are too small to accommodate construction.
“We’re writing the property owners adjacent to these lots to see if they have an interest in expanding their properties,” Edmondson said.
For more information on the program, or to place a bid, call 641-4249.