Agenda - 12-05-1977 - Laserfiche WebLink

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1. . EXECUTIVE SESSION 2. OF 3 • DECEMBER 5, 1977 4. 5. The Chairman stated that the purpose of the Executive Session is to 6. hear from Sion 7enning8 about the possibility of purchasing real property 7. in Chapel Hill. 8. Mr. Jennin s reported to the Board that the Belk-Leggett--Horton g. Department Stor building in Chapel Hill is for sell. The 31, 000 square 10. foot, two sto y structure it- to be sold at a price of $700,000 provided 11. time is given fir an appraisal . Mr. Jennings stated that another govern- 12. mental body was interested in buying the building and will make a decisioi 13. very soon. 14. The questi n was raised of Mr. Jennings concerning the financial 15. arrangements. 16. Mr. Jennings stated that he would need to consult with his client, however, he fel a 200 17. $ ,000 dawn payment with $100, 000 per year for five 18 . yew's, plus int rest, could be arranged. 19 . The County Manager pointed out to the Board that there were money 20 , problems, problems of determining the use and the problems of financing 21 renovation of the building for County office space use. 22. Commissione Gustaveson suggested the County Manager talk with Kirk 23, Jenne, Chapel Hill Town Manager, regarding the possibility of so _e joint 24. City-County Off.i a Building. He also suggested that Jae Nassif, Ardhitect 25.currentl.y working n the design of the Grady Brown Building, _:be ai.aked 26. of his investigation of the building. 27. The Chairmai pointed out the fact that the County is presently rentinc 28. various officers n the Chapel Hill area and the crucial need for additiona: 29 . Court facilities 30 . The Chairma informed Mr. Jennings that the County Board of Commissior were very intere ted in the building and would ha ;n .-r,r,+-=e4 4- _.,;4�,- 7-W__ ,_ - ,-.