Agenda - 05-18-1999 - 9d - Laserfiche WebLink

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2 At its meeting on February 16, 1999, the Board considered the disposition of this property. At the direction of the Board, the Chair contacted the Town of Chapel Hill in an effort to determine the impact that disposal of this property for private purposes would have upon the Town's adjacent property and greenway development in that area. The agenda material prepared by the Town staff and presented during an April 1999 Town Council meeting indicated that there was no impact on their development plans and expressed no Town interest in the property (attachment # 1). However, during the meeting a Council member indicated that the County might donate the property to the Town and suggested that the Council not endorse the Town staff recommendation until they posed a specific question back to the County. The County Commissioner Chair has received correspondence from the Mayor posing that question (attachment # 2). In an effort to dispose of the matter, it appeazs that the Board has the following options: 1. To declare the property surplus and move forward with negotiation to sell; or 2. To declare the property surplus and move forward to donate the property to the Town of Chapel Hill for use in their greenway system; or 3. To leave the property ownership as it currently stands. Should the Board choose to divest themselves of the property, the necessary resolutions for disposal would be drafted by the Attorney and brought back to the Board for approval prior to final disposition of the property. FINANCIAL IMPACT: Financial impact is contingent upon the plan of action chosen by the Board. The corresponding financial impact for each of the options listed above is as follows: Option #1. If the Board were to declare the property surplus and move forward with negotiation and sale of the property, then the County would receive the price of the land, plus annual taxes paid on the residence and land. Option #2. If the Board were to declare the property surplus and move forward to donate the property to the Town for use in their greenway system, the County would receive no additional monetary compensation and would not recoup the original $3,200 purchase price of the land. Option #3, If the Board chose to leave the ownership as it currently stands, the County would experience financial impact no different that what is currently the case. RECOMMENDATION(S): As the Boazd decides.