Orange County NC Website
3 <br /> The deed between Robert Edward Strayhorn and wife, Helen Mohler Strayhorn, filed with the <br /> Orange County Register of Deeds on June 4, 1982 (Book 389 Page 457-458) reflects no <br /> covenants which would restrict its use. <br /> The report reflects an appraised value of $430,000, which is recommended as the minimum bid <br /> for which this property should be offered. <br /> "Alternative Use" Potential: <br /> The County Health Director has indicated a potential to use the facility as a centrally located site <br /> for creation of a single county-wide dental clinic IF County Commissioners concur with the <br /> concept. It is a County-owned facility. Extensive renovations would be required and a site <br /> analysis has not yet been conducted to determine the feasibility of the project if staff is <br /> authorized to pursue a more detailed investigation. <br /> Divestiture Procedures <br /> The Board is aware that disposal of public assets is prescribed specifically by law [G.S. 100A, <br /> Article 12]. First, the property must be declared as surplus by the governing board. Real <br /> property must always be sold using a competitive procedure. Competitive procedures include: <br /> ■ sealed bid [G.S. 160A-268] <br /> ■ negotiated offer and upset bid [G.S. 150A-259] <br /> ■ public auction [G.S. 160A-270] <br /> Staff is recommending the Board authorize the sale of the property via sealed bid, with an <br /> upset bid. An outline of the steps to be taken would include: <br /> ■ Advertising the properties for sale as required in a local newspaper, but also circulating <br /> information via internet and posting signs on the buildings for sale; <br /> A bid date would be set (approximately 80 days after BOCC approval) after which bids <br /> would be opened publicly; <br /> ■ The bid results would be presented to the Board and would "propose to accept the offer' <br /> which would subsequently initiate the upset bid process; <br /> ■ Appropriate advertising for the upset bid would occur and the process would begin with <br /> the highest responsible bid creating the threshold for upset bids; <br /> ■ Upset bids would be accepted for a period of 10 days, after which a bid opening would <br /> be held for any upset bids. An upset bid must be a minimum of 10% of the first $1,000 <br /> and 5% of the balance in order to be considered. <br /> ■ Assuming an upset bid is received, it would establish the threshold for the next round of <br /> upset bids. This would continue until no upset bids were received during the 10 day <br /> period, after which the results would be presented to the Board for consideration. <br /> Proposed terms of sale are included in the attached Resolution Authorizing Sealed Bid Sale. <br /> FINANCIAL IMPACT: No financial impact will be realized until such time properties are sold <br /> and proceeds received. Future sales will be distributed based on 60% to the Schools and 40% <br /> to a reserve fund established for future development of an Orange County Southwest Branch <br /> Library. <br /> RECOMMENDATIONS): The Manager recommends the Board: <br /> 1. Direct staff to move forward (or not) on Churton Street property sales; and <br />