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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: September 2, 2010 <br />Action Agenda . <br />Item No. ~{-~ <br />SUBJECT: Propose to Accept Offers to Purchase County Property <br />DEPARTMENT: Asset Management & <br />Purchasing Services (AMPS), <br />County Attorney <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution for 118 N. Churton Street (with <br />Historic Preservation Agreement) <br />Resolution for Highway 49 Old ABC Store <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: <br />1) Approving a resolution authorizing the sale of the Graham Building located at 118 <br />North Churton Street in Hillsborough; and <br />2) Approving a.Resolution Authorizing Upset Bid Process related to an offer to purchase <br />the County property located on Highway 49 (Old ABC Store), Cedar Grove and <br />propose to accept the highest offers submitted. <br />BACKGROUND: <br />118 N. Churton Street -Graham Building <br />On June 15, 2010 the Board authorized staff to begin the upset bid procedure on the property <br />located at 118 North Churton Street otherwise known as the Graham Building. James B. <br />Johnson III submitted the highest bid in the amount of $171,408. Pursuant to North Carolina <br />General Statute the upset bid was advertised for 10 days. Robbin Taylor-Hall submitted an <br />upset bid in the amount of $180,028.40 which met the legal requirements of the Statute. A <br />second round of upset bids was advertised and no upset bids were received. The bid of <br />$180,028.40 does not include the Historic Preservation Easement in the amount of $3,000 <br />which will be paid directly to the Historic Preservation Foundation of North Carolina, Inc., <br />executed at closing and recorded at the Register of Deeds as part of the Deed (copy attached). <br />Highway 49 -Old ABC Store <br />Bids were solicited for sale of this property following the Board of Commissioners action to <br />declare it surplus on April 7, 2009. No bids were received from that solicitation. Over the <br />summer, James and Tammy Wilson placed an offer of $3,500. Although the bid does not meet <br />the $5,000 minimum price established by the Board, staff recommends the Wilsons' offer be <br />accepted and the upset bid process initiated. Once the upset bid procedure is complete, the <br />final terms of the sale will be presented to the Board for approval. <br />