Agenda - 11-04-2010 - 4j - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 4, 2010 Action Agenda , Item No. ~- - t SUBJECT: Propose to Accept Offer to Purchase County Property DEPARTMENT: Asset Management & Purchasing Services, County Attorney PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Resolution Pam Jones, (919) 245-2652 John Roberts, (919) 245-2318 David Cannell, (919) 245-2651 PURPOSE: To consider approving a resolution authorizing the sale of the County property located on Highway 49 (Old ABC Store), Cedar Grove. BACKGROUND: Hwy 49-Old ABC Store On September 2, 2010 the Board of Commissioners authorized staff to begin the upset bid procedure on the property located on Highway 49 in Cedar Grove. Pursuant to North Carolina General Statutes the upset bid was advertised for 10 days. No upset bids were received. The County currently has three additional properties offered for sale: 129 East King Street and 112 N. Churton Street, Hillsborough; and 1914 New Hope Church Road, Chapel Hill. Future bids, if any, will be presented to the Board at the appropriate time. FINANCIAL IMPACT: Funds received for the sale of the Old ABC Store property ($3,500) will be distributed based on 40% to the Schools for renovations of older facilities ($1,400) and 60% to a reserve fund established for future development of an Orange County Southwest Branch Library ($2,100). RECOMMENDATION(S): The Manager recommends the Board take the following action regarding the Old ABC Store on Highway 49, Cedar Grove: o accept the offer submitted by James T. and Tammy C. Wilson in the amount of $3,500; o approve the attached Resolution and authorize the Chair to sign the resolution as appropriate; and o authorize staff to create the appropriate paperwork for completion of the sale and authorize the Chair to sign.