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RES- 2015 -007 Attachment 4 <br />ORANGE COUNTY <br />NORTH CAROLINA <br />RESOLUTION TO EXCHANGE REAL PROPERTY <br />10 <br />WHEREAS, Orange County is the owner of that certain parcel of land situated adjacent <br />to 416 Faucette Mill Road having PIN 9865621043 and an assessed value of $25,562; and <br />WHEREAS, Altervue, LLC is the owner of that certain parcel of land situated at 416 <br />Faucette Mill Road having PIN 9865529132 and an assessed value of $87,932; and <br />WHEREAS, the parties desire to exchange said parcels as follows: <br />A 143 square foot portion of the Altervue, LLC Parcel situated at 416 Faucette Mill <br />Road, Hillsborough, NC, and having PIN 9865529132 being approximately 0.27 acres <br />prior to the exchange and approximately 0.4 acres after the exchange <br />to be exchanged for <br />A 6,633 square foot portion of the County Parcel adjacent to Faucette Mill Road, <br />Hillsborough, NC, and having PIN 9865621043 being approximately 0.8 acres prior to <br />the exchange and approximately 0.67 acres after the exchange. <br />WHEREAS, the exchange is to be an even trade with the sole other consideration <br />being all due diligence and transfer costs and fees to be paid by Altervue, LLC; and, <br />WHEREAS, the County has properly advertised by Public Notice its intent to exchange <br />said real property, and has complied with all statutory requirements to accomplish the same. <br />NOW THEREFORE, BE IT RESOLVED, the properties are exchanged as shown above <br />and the Chair is authorized to execute any and all documents and take whatever action is <br />necessary to accomplish the purpose of this Resolution <br />ADOPTED on this day of 12015. <br />Earl McKee, Chair <br />ATTEST: <br />Donna Baker, Clerk to the Board <br />