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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 15, 2010 <br />Action Agenda <br />Item No. <br />SUBJECT: Propose to Accept Offer to Purchase County Property and Update Status of <br />the Sale of Other County Property <br />DEPARTMENT: Asset Management & PUBLIC HEARING: (Y /N) No <br />Purchasing Services (AMPS) <br />ATTACHMENT(S): <br />Resolution <br />INFORMATION CONTACT: <br />Pam Jones, AMPS, (919) 245 -2652 <br />John Roberts, County Attorney, <br />(919) 245 -2318 <br />David Cannell, AMPS, (919) 245 -2651 <br />PURPOSE: To consider an offer to purchase the County property located at 118 N. Churton <br />Street, Hillsborough and propose to accept the highest offer submitted. <br />BACKGROUND: On April 6, 2010 the Board authorized staff to begin the divestiture process of <br />the following properties: <br />• Clerk of Court Annex, 112 N. Churton Street, Hillsborough <br />• Graham Building, 118 N. Churton Street, Hillsborough <br />• Old EMS, 1914 New Hope Church Road, Chapel Hill <br />• Purchasing Building, 129 E King Street, Hillsborough <br />• Highway 49 Old ABC Store, Cedar Grove <br />Pursuant to North Carolina General Statute and Board direction, properties were advertised <br />and bids accepted on May 25, 2010. The County only received bids on one of the five <br />properties that were advertised for sale. Bid results for each property are as follows: <br />Name of Property <br />Minimum Bid <br />Highest Bid <br />Received <br />112 N. Churton Street, Hillsborough <br />$450,000 + $7,000 Preservation <br />No Bids Received <br />easement paid to Preservation <br />NC <br />118 N. Churton Street, Hillsborough <br />$130,000+ $3,000 Preservation <br />$171,408.00 <br />easement paid to Preservation <br />NC <br />1914 New Hope Church Road, Chapel <br />$430,000 <br />No Bids Received <br />Hill <br />129 E King Street Hillsborough <br />$590,000 <br />No Bids Received <br />