Agenda - 03-03-2015 - 7c - Laserfiche WebLink

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2 Orange County recently conducted a tax foreclosure sale for a .8 acre parcel ( "County Parcel ") adjacent to the AlterVue Parcel. The County Parcel and the AlterVue Parcel were once a single, integrated parcel that was subdivided many years ago. A tax foreclosure property owned by the County is a parcel that the County has acquired after significant efforts to assist taxpayers with the payment of taxes. Those efforts include working with taxpayers on pre - payments, payment schedules and other collection options. In rare instances, foreclosure is the only option remaining. However, there is no set time period for the County to begin foreclosure. Foreclosure is initiated only when all other options have been exhausted. Nick Nickerson, the Managing Member of AlterVue, approached the County staff last fall asking for the County to sell small portions of the County Parcel to AlterVue because a survey update confirmed that portions of the AlterVue Parcel were actually owned by the County within the County Parcel. A portion of the single family residence located on the AlterVue Parcel straddles a property line shared with the County Parcel. Staff and the County Attorney met with Mr. Nickerson and agreed on a recombination "land swap" structure to avoid the statutory property disposition process that may introduce upset bidders into the process, potentially complicating AlterVue's intent. Attachment 2, "Proposed Site "Swap" Illustrative ", depicts the "before and after" illustrations of the transaction. AlterVue agreed with the County to pursue this transaction that would correct the survey issue for AlterVue as well as to create a conforming, buildable lot for a single family home adjacent to 416 Faucette Mil Road on the resulting County Parcel. The proposed transaction is as follows: 1. The County would deed the required portions of the County Parcel to AlterVue that would yield a lot conforming to the Hillsborough Unified Development Ordinance; 2. AlterVue would deed the required portions of the AlterVue Parcel to the County that would yield a vacant, conforming and buildable single family lot for affordable housing use. Hillsborough staff has satisfactorily reviewed the transaction and the necessary documents are ready for the Town's signature; 3. AlterVue would perform the due diligence work at no cost to the County confirming the delivery of a conforming single family lot on the resulting County Parcel. AlterVue has successfully completed this due diligence work, confirming that the resulting County Parcel would support a single family lot (see Attachment 4, "Due Diligence Information ", which includes the site -civil engineering report, and an opinion letter from Habitat for Humanity of Orange County supporting the site as one desired for constructing an affordable single family dwelling). A power point presentation will be provided to the Board to assist in the understanding and discussion of this item. This transaction meets the spirit and intent of the Board's Goal #1, "Ensure a community network of basic human services and infrastructure that maintains, protects and promotes the well -being of all County residents ".