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2 <br />No bids have been received on the remaining three properties currently offered for sale by the <br />County: 129 East King Street, 1914 New Hope Church Road and 112 N. Churton Street. <br />FINANCIAL IMPACT: Funds received for the sale of the Graham Building ($180,028.40) will <br />be distributed based on 60% to the Schools for renovations of older facilities ($108,017.04) and <br />40% to a reserve fund established for future development of an Orange County Southwest <br />Branch Library ($72,011.36). <br />No financial impact will be realized until such time the Old ABC Store is sold and proceeds <br />received. <br />RECOMMENDATION(S): The County Manager recommends the Board: <br />• Graham Building: <br />o accept the offer submitted by Robbin Taylor-Hall in the amount of $180,028.40; <br />o approve the attached Resolution and authorize the Chair to sign the resolution as <br />appropriate; and <br />o authorize staff to create the appropriate paperwork for completion of the sale and <br />authorize the Chair to sign. <br />• Highway 49 -Old ABC Store: <br />o accept the highest offer submitted ($3,500) as outlined; and <br />o approve the attached Resolution Authorizing Upset Bid Process and authorize the <br />Chair to sign the resolution as appropriate. <br />