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Section 1. The Board of Commissioners hereby determines that the acquisition of the Property by <br />the County pursuant to the terms of the Contract is in the best interest of the County. <br />Section 2. The Board hereby approves the purchase of the Property at a purchase price of <br />$346,000.00 to be financed by Seller at a rate of 6% per annum, and payable over a period of 59 months <br />from the date of closing pursuant to the Installment Purchase Promissory Note and Installment Purchase <br />Deed of Trust. <br />Section 3. The Contract, the Promissory Note, and the Deed of Trust, in substantially the forms <br />presented, and the performance by the County of its obligations thereunder, are hereby approved, and <br />the Chair of the board is hereby authorized and directed to execute and perform the Contract, the <br />Promissory Note and the Deed of Trust, as well as other documents necessary for the purchase of the <br />Property by the County. The financing documents in final form may include appropriate provisions <br />concerning the existence and maintenance of the tax-exempt status of interest paid by the County, in <br />such form as may be acceptable to the County officers signing the documents. <br />Section 4. This Resolution shall take effect immediately upon its passage. <br />VOTE: UNANIMOUS <br />8. ITEMS FOR DECISION -CONSENT AGENDA <br />A motion was made by Commissioner Halkiotis, seconded by Commissioner Brown to approve <br />those items on the Consent Agenda as listed below: <br />a. Motor Vehicle Property Tax Refunds <br />The Board approved a resolution, which is incorporated herein by reference, related to two <br />requests for motor vehicle property tax refunds totaling $203.44. <br />b. Property Value Changes <br />The Board approved value changes made in property values after the 2000 Board of <br />Equalization and Review had adjourned in accordance with the resolution, which is incorporated herein <br />by reference. This will result in a net increase in revenue of $2,141 to the County, municipalities, and <br />special districts. <br />c. Adoption of Schedule of Values for 2001 Revaluation <br />This item was removed and placed at the end of the Consent Agenda for separate <br />consideration. <br />d. Budget Amendment #2 <br />The Board approved budget ordinance amendments and a grant project ordinance for fiscal <br />year 2000-2001. <br />e. Lease Renewal: Drivers License Bureau at Carrboro Plaza <br />The Board approved and authorized the Chair to sign the renewal of a lease at Carrboro <br />Plaza for a Department of Motor Vehicles drivers license office. <br />f. Grant Application for Tobacco Settlement Funds (Golden LEAF Foundation) <br />The Board submitted a grant application to the Golden LEAF Foundation for funds to assist <br />Orange County agriculture. <br />g_ Employee Health Insurance for 2001 The Board approved and authorized the <br />Chair to sign the interlocal agreement for the renewal of the employee health insurance plans through <br />the N.C. Association of County Commissioners health insurance trust and CIGNA, effective January 1, <br />2001. <br />VOTE ON THE CONSENT AGENDA: UNANIMOUS <br />ITEMS REMOVED FROM THE CONSENT AGENDA <br />c. Adoption of Schedule of Values for 2001 Revaluation <br />