Orange County NC Website
26 <br />3. At county expense, the Board of Supervisors will cause any <br />necessary title examinations to be performed and all documen- <br />tation to be prepared. If the property in question is subject to <br />mortgages(s) or lien(s), a subordination agreement or waiver must <br />be secured from the mortgage or lien holder. Closing will not take <br />place until this requirement is met. The Board of Supervisors will <br />assist in securing this agreement with the mortgage or lien holder, <br />at the request of the landowner. <br />4. Upon preparation of appropriate legal documents covering titles, <br />deeds, surveys, and subordination agreements, the closing will be <br />scheduled by the Board of Supervisors. Prior to closing, all legal <br />documents will be reviewed for verification and accuracy. At <br />closing, the owner will execute appropriate full warranty <br />documents conveying development rights to the county in <br />perpetuity. After proper recordation of necessary instruments, the <br />Chairman of the Board of Supervisors will sign and present the <br />Donation Verification Statement to the landowner. The county <br />will bear all closing and related costs. The Board of Supervisors <br />will securely store all pertinent records, including deeds. <br />G. Public Disclosure <br />During negotiations concerning the donation of development rights, <br />information will be kept confidential, as allowed by law. <br />Following closing of each donation, information may be made public <br />as provided by law. <br />11 <br />