Orange County NC Website
Browse       Search
~ <br />~ai~z- o~ q <br />.~~ ~.~~ <br />Ferrell Firm, P.C. <br />P. O. Box 16564 <br />Chapel Hill, North Carolina 27516 <br />Telephone (919) 883-4960 <br />Fax(866j941-6233 <br />BR1AN M. FERRELL <br />E-MAIL: brianQa ferrellfirm.com <br />March 7, 20I2 <br />John Roberts, Esquire <br />Orange County Attorney <br />P.O. Box 8181 <br />Hillsborough, North Carolina 27278 <br />RE: Engagement For Legal Services: Title Opinion For Elementary School #11 (PIN <br />9788-18-1797), Orange County Library (PIN 9874-OS-2954) & Orange County <br />Office Building (PIN 9874-OS-2881) In Furtherance of $75,000,000.00 Financing <br />(the "Project") <br />Dear John: <br />As you have requested, I am pleased to assist the County with the preparation and <br />delivery of a title opinion for the Project upon the following terms and conditions. If agreeable to <br />the County, please have this letter of agreement countersigned as indicated below and return the <br />same to my attention. <br />Title Search & Title Insurance <br />I will conduct title searches of different types as described more fully in this letter on the <br />pazcels of land currently owned by Orange County listed above and identified again here as <br />having Orange County PIN 9788-18-1797 ("School Pazcel"); 9874-OS-2954 ("Library Parcel"); <br />and 9874-OS-2881 ("Office Pazcel"). <br />I will perform a"full" title search on the School Parcel. The beginning date of the title <br />search for the School Pazcel will be April 6, 1976. The advantage of this full search over the <br />updated search described below is that it provides the County certainty about the status of title <br />rather than relying on the prior opinion of a previous attorney who examined title to the same <br />property. <br />I will perform a limited title update seazch for the Office Pazcel and the Library Parcel. <br />The beginning date of the title search for the Library Parcel and the Offce Parcel will be <br />November 19, 2009. A title update search begins with the date and time of issuance of the <br />County's prior title insurance policy. This means that I will not seazch the public records <br />i <br />