Agenda - 12-15-2009 - 6d - Laserfiche WebLink

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designed by Charles Hartmann, a noted North Carolina architect out of Greensboro who designed the Jefferson Pilot building. The smaller building at 112 N. Churton was built by state attorney general Sandy Graham and is a unique structure for its time." Preservation NC can assume the stewardship role and ensure the Board's goal to preserve the building's historical character is met both now and with subsequent purchases. A Historic Preservation easement would be executed for each property at the time of sale and recorded at the Register of Deeds as part of the Deed (copy attached). Upon execution of the Agreement, the County would have no future responsibility regarding the use of the property. Preservation NC requests donations to provide these stewardship duties. Although the fees could be paid by the County upfront, the Foundation reports the smoothest alternative for the County would be to make the easement a condition of the sale where the agreement is between the Preservation NC and the buyer and is recorded at time of closing. Preservation NC is suggesting a surcharge of $3,000 for the smaller property (118 N. Churton); and $7,000 for the larger building (112 N. Churton). Should the Board choose to exercise this option, the Historic Preservation Agreements will be referenced in the advertisement for the sale of the properties, along with the specific surcharge as indicated for each of the properties. The sale will be conditioned upon the highest successful bidder's execution of an agreement with Preservation NC. FINANCIAL IMPACT: Homestead Center Funds received from the sale of the Homestead Center ($275,000) will be placed in the General Fund. The Board had previously discussed earmarking the funds for specific purposes, after which the funds could be re-appropriated and the appropriate ordinance approved. Churton Street Properties No financial impact will be realized until such time those two properties are sold and proceeds received. Each of the properties would be assessed a surcharge over and above the highest bid received to cover stewardship fees of Preservation NC as follows: 118 N. Churton Street - $3,000; and 112 N Churton Street - $7,000. These funds would go directly to Preservation NC at closing. RECOMMENDATION(S): The Manager recommends the Board pursue the following actions to consummate the sale of the Homestead Community Center: • Accept the offer submitted by Chapel Hill Training Outreach Project in the amount of $275,000; and • Approve the attached resolution and authorize the Chair to sign as appropriate; and • Authorize the County Attorney and staff to create the appropriate paperwork for completion of the sale; and • Authorize the Chair and Manager to sign documents as may be required to consummate the sale. For the properties at 112 and 118 N. Churton Street, the Manager recommends the Board: authorize staff to re-advertise the properties with Historic Preservation Agreements stipulated as requirements of the sale along with the surcharge requirements to Preservation NC as outlined herein.