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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 6, 2003 <br />Action Agen a <br />Item No. <br />SUBJECT: Approval of Contract to Purchase Property -Clyde W. Vincent and Louise A. <br />Vincent Estates <br />DEPARTMENT: ERCD <br />ATTACHMENT(S): <br />Contract to Purchase <br />Map of Property <br />PUBLIC HEARING: (Y/N) No <br />INFORMATION CONTACT: <br />David Stancil, 245-2590 <br />Geoffrey E. Gledhill, 732-2196 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill .968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To purchase a 12.2-acre parcel of property located along N.C. 86 North, across <br />from the Northern Human Services Center. <br />BACKGROUND: As directed by the Board, over the past several months, ERCD and the <br />County Attorney have negotiated with the administrator of these estates for the purchase of a <br />12.2 acre property directly across from the Northern Human Services Center in Cedar Grove <br />Township. The reason for the proposed purchase is to provide property that will be ancillary to <br />the planned Cedar Grove Park and Northern Human Services Center. The Cedar Grove Park <br />process is anticipated to begin this summer, culminating in the construction of a park using $1.2 <br />million of voter-approved Parks and Open Space bonds. Upgrades are also planned to the <br />Northern Human Services Center.. The acquisition of this property will help facilitate the <br />construction of both activities by providing land for future facilities, including a wastewater <br />system. <br />The offer of the County, contingent on BOCC approval, for the purchase of this property can <br />now be approved by the Clerk of Superior Court. <br />As per the contract, the County will pay for the property $54,000 ($4,426/acre) plus apro-rated <br />share of the current year's taxes estimated to be $269.15, for a total of $54,269.15 plus an <br />environmental assessment fee and transaction costs. Although there are no known <br />underground storage tanks on the property, a Phase I environmental assessment will be <br />conducted prior to closing. Upon approval by the Board, and contingent upon an acceptable <br />environmental report, closing on the property would occur on or before June 30, 2003. A recent <br />boundary survey of the site exists. <br />