Agenda - 06-21-2011 - 8e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 21, 2011 Action Agenda Item No. 8 - e SUBJECT: Purchase & Sale Agreement -Southwest Library Site, 210 Hillsborough Road DEPARTMENT: Asset Management Services PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Attachment A -Purchase & Sale Agreement Attachment B -Survey INFORMATION CONTACT: Attachment C -Assessment Executive Pam Jones; (919) 245-2652 Summaries (full reports Clarence Grier, (919)-245-2453 are available at JJeff Thompson, (919) 245-2658 www.co.orange. nc. us/co nstruction/SouthwestBra nchLibraryDueDiligence. asp PURPOSE: To consider purchasing the parcel located at 210 Hillsborough Road, Carrboro, and authorize the Manager to execute all necessary documents to close the purchase, contingent upon final review and acceptance of the Title Opinion by the County Attorney. BACKGROUND: Orange County entered into a Purchase & Sale Agreement on October 22, 2010 to purchase approximately 2.691 acres of property located in Carrboro for the purpose of developing and constructing a branch public library facility. This Agreement allows an examination period of the property that will expire on August 31, 2011. Should the County decide to terminate this Purchase & Sale Agreement after August 31, 2011, the $35,000 earnest money deposit currently in escrow will become nonrefundable and forwarded to the Seller. The Agreement contemplates closing the purchase transaction no later September 30 2011, where the earnest money deposit will apply to the purchase price. On April 12, 2011, the Carrboro Board of Aldermen approved the County's petition to conditionally rezone the property in order to accommodate a public library facility not to exceed 20,000 square feet, subject to the required conditional use permitting process as governed by Carrboro's land use ordinance. Since the conditional re-zoning approval, Orange County staff has conducted significant due diligence on the property to properly inform a purchase recommendation to the Board of County Commissioners. This attached research, performed by engineering consultants selected through an request for proposals (RFP) process, was conducted in the following areas: • Survey;