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2 <br /> District Commission. In January 2012, the Town Board of Commissioners declined to accept <br /> the easement (see attached letter from Hillsborough Mayor Tom Stevens). <br /> The County continues to be contacted by people interested in purchasing the properties, <br /> assuming they are not encumbered in a manner that could preclude their effective use. <br /> It is notable as well that the NC Preservation Foundation would purchase and resell the <br /> properties, should the County choose to enter into that type of agreement. <br /> The County has identified no long-term needs for which this property would be suitable and still <br /> desires to effect a sale. <br /> FINANCIAL IMPACT: No financial impact will be realized until such time proceeds from sale of <br /> these properties is realized. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1) authorize staff to move forward with soliciting bids for the properties, with minimum bids <br /> set at $450,000 for 112 N. Churton Street and $130,000 for 118 N. Churton Street; <br /> 2) direct staff, at such time as the bidding/upset bidding process concludes, to present the i <br /> highest bids to the Board of Commissioners for consideration; and <br /> 3) impose a deed restriction that the exterior of the buildings situated on both properties shall <br /> comply with the Town of Hillsborough's Historic District Design Guidelines. <br />