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D. MICHAEL PARKER <br />DATE: APRIL 16, 1999 <br />CHESHIRE & PARKER <br />ATTORNEYS AT LAW <br />100 N. CHURTON STREET <br />P.O. BOX 100 <br />HILLSBOROUGH, NC 27278 <br />TELEPHONE 919 - 732 -8141 <br />TELEFAX 919- 732.9167 <br />MEMORANDUM: <br />3 <br />ALEXANDER H. GRAHAM (1890.1977) <br />LUCIUS M. CHESHIRE (RETIRED) <br />TO: MR. JOHN M. LINK, JR. COUNTY MANAGER <br />'(Al 1� <br />FROM: D. MICHAEL PARKE ATTORNEY FOR ORANGE COUNTY SCHOOLS <br />RE: SITE FOR PROPOSED HIGH SCHOOL <br />Randy Bridges has requested that I forward to you <br />information regarding the options between the Orange County Board <br />of Education and two landowners for a prospective site for the new <br />high school. On April 7, 1999 the Orange County Board of Education <br />entered into an Option Agreement with Irma H. Crawford giving the <br />Board of Education the option to purchase approximately 20 acres at <br />the intersection of New Grady Brown School Road and Orange Grove <br />Road. The site is directly across New Grady Brown School Road from <br />Grady Brown Elementary School. The purchase price for the property <br />is $10,000.00 per acre. <br />On April 19, 1999 the Board of Education entered into an <br />Option Agreement with Elizabeth W. Matheson to purchase a 44.8 acre <br />parcel of land between the property owned by Ms. Crawford and <br />Interstate 40 for $9,000.00 per acre. Thus, assuming the acreage <br />is correct, we have options to purchase a total of 64.8 acres for <br />$603,200.00. Both options must be exercised on or before July 4, <br />1999, unless extended. <br />I enclose a portion of the tax map showing the two <br />parcels for your reference. Please advise if you have any <br />questions. <br />pc: Mr. Randy Bridges <br />ocb \mem.29 <br />