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NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners for the County of Orange as <br /> follows: <br /> 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 <br /> months from the date of closing pursuant to the Installment Purchase Promissory Note and Installment <br /> Purchase 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 <br /> The Board approved and authorized the Chair to sign the interlocal agreement for the <br /> renewal of the employee health insurance plans through the N.C. Association of County Commissioners <br /> health insurance trust and CIGNA, effective January 1, 2001. <br /> VOTE ON THE CONSENT AGENDA: UNANIMOUS <br />