S Warranty Deed between Orange County and Town of Chapel Hill for the County-owned lot off of Henderson Street (aka Scarlette Drive)

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BOOK1549 P,,a486 3 A RESOLUTION ACCEPTING TRANSFER OF PROPERTY(96-5-13/R-10) WHEREAS,the Town of Chapel Hill owns a tract or parcel of land which is Orange County tax parcel 7.27A.B.8. This property is hereafter referred to as the Town owned lot; and WHEREAS,Orange County owns an adjacent tract or parcel of land located in Chapel Hill, Orange County,North Carolina, off of Henderson Street(aka Scarlette Drive), is Orange County tax parcel 7.27A.B.7 and is more particularly described as follows: All that certain lot or parcel of land situated, lying and being on the West side of Henderson Street in the Town of Chapel Hill, North Carolina, and known and designated as Lot No. 19 in Block°A"of the University Heights as surveyed by F.M. Carlisle on May 21, 1947, Plot of which is on file in the Office of the Register of Deeds of Orange County in Plot Book 4,at Page 17,and more particularly described as BEGINNING at a stake in the West property line of the said street,the Southeast comer of Lot No.18;running thence with the line of the said Lot South 68°3T West 274.3 feet to a stake; running thence South 19° 09' East 25 feet to a stake, the Northwest comer of Lot No. 20;running thence with the line of the said Lot North 69° 37 East 275.7 feet to a stake in the West property line of Henderson Street; running thence along the West property line of said Street North 21°23'West 25 feet to the BEGINNING. This property is hereafter referred to as the County owned lot,and is adjacent to the Town owned lot; and WHEREAS,the Town of Chapel Hill wishes to acquire the County owned lot to join with the Town owned lot so the Town owned lot may be developed for use in an affordable housing demonstration project which will involve the building of small starter homes on the combined parcel; and WHEREAS,the development of affordable housing is a benefit to the people of Chapel Hill and Orange County; and WHEREAS,Orange County wishes to convey the County owned lot to the Town of Chapel hill for the purpose described herein; and WHEREAS,North Carolina General Statutes§160A-274, authorizes the Town of Chapel Hill to receive any real property belonging to any other governmental unit upon such terms and conditions as the Town of Chapel Hill deems wise,with or without consideration. NOW, THEREFORE,BE IT RESOLVED that: 1. The Town of Chapel Hill,pursuant to North Carolina General Statutes§160A-274, accepts the offer of transfer from Orange County of the County owned lot.