Town of Franklinton Board of Commissioners Minutes January 2026
Town Accepts Initial Bid from Colebrook Properties
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Description
The Town of Franklinton accepted a $21,500 initial bid from Colebrook Properties, LLC for surplus property at 100 Howard Harris Road, subject to the statutory upset bid process with a 5% deposit requirement. The Board unanimously approved the resolution to initiate the upset bid procedure.
Contract Details
Contract Amount
$21,500
Vendor
COLEBROOK PROPERTIES LLC
Agency
Town of Franklinton, NC
Contract Type
OTHER
Document Date
January 20, 2026
Renewal Info
Initial bid approval is subject to the statutory upset bid process; final sale is contingent on completion of that process.
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