Orange County NC Website
Browse       Search
Ferrell Firm, P.C. <br />P. O. Box 16564 <br />Chapel Hilt, North Carolina 27516 <br />Telephone (919) 883-4960 <br />Fax (866) 941-6233 <br />BRIAN M. FERRELL <br />E-MAIL: Brian@ferrellfirm.com <br />May 18, 2011 <br />John Roberts, Esquire <br />Orange County Attorney <br />P.O. BOX 8181 <br />Hillsborough, North Carolina 27278 <br />VIA ELECTRONIC DELIVERY <br />Gwendolyn Harvey, ICMA-CM <br />Assistant Orange County Manager <br />P.O. Box 8181 <br />Hillsborough, NC 27278 <br />VIA ELECTRONIC DELIVERY <br />RE: Engagement For Legal Services: SW Library Property Preparation of Title Opinion & <br />Closing Services For 210 Hillsborough Street, Carrboro, NC, And Being all of Lot 2 as <br />shown on that certain plat entitled "Minor Subdivision of the Property of NCLA <br />Properties, LLC, Recorded in Plat Book 102, Page 37 of the Orange County Registry (the <br />"Property"). <br />Dear John & Gwen: <br />Thank you for contacting me recently regarding Orange County's need for legal assistance in the <br />closing of the above referenced purchase transaction. I am pleased to assist the County with matter. If <br />agreeable to the County, this letter, along with the "Contract Under $10,000" with an effective date of <br />May 23, 2011, to which this letter is attached, establishes the terms of our engagement (the "Contract"). I <br />propose to perform the following Legal services on behalf ofthe County. <br />Title Search & Title Insurance <br />I will conduct a standard title search on the Property comprising an examination of the public <br />records for no less than 30 years. I will prepare and deliver a preliminary opinion on title upon the <br />completion of this work that will outline any and all defects, liens and encumbrances located during the <br />search period. I will engage a title abstractor/paralegal to assist me in the location and copying of all <br />relevant title documents. The preliminary title opinion will be prepared on forms required by Investors <br />Title Insurance Company and I will make an application for title insurance on behalf of the County in the <br />amount of $610,000.00. The County will be responsible for the payment of the title insurance premium <br />to Investors Title Insurance Company at closing. <br />