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2016-248-E DEAPR - Kennon Craver, Attys. - legal services for purchase of 37-acres from S. L. Efland Heirs, LLC
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2016-248-E DEAPR - Kennon Craver, Attys. - legal services for purchase of 37-acres from S. L. Efland Heirs, LLC
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Last modified
7/26/2019 3:23:00 PM
Creation date
5/16/2016 11:47:34 AM
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Template:
Contract
Date
5/2/2016
Contract Starting Date
5/2/2016
Contract Ending Date
6/30/2016
Contract Document Type
Contract
Amount
$4,000.00
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R 2016-248-E DEAPR - Kennon Craver, Attys. at Law - legal services for purchase of a 37-acre property from S. L. Efland Heirs
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\Board of County Commissioners\Contracts and Agreements\Contract Routing Sheets\Routing Sheets\2016
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DocuSign Envelope ID:01852EBC-82FE-4793-A89C-BAA6D5AE159C <br /> K E N N 0 N]EGM <br /> 6 dii,zsn A Anderson,111 <br /> Gwendolyn C Brooks* i' 1C <br /> Joel M C)sU� l LL <br /> G Rhodes Craver ATTORNEYS AT LAW <br /> James R Fastho»s <br /> Brian Al Ferrell <br /> William T Hutcbms,fi** <br /> l7ebon,(b A Ak Derrnott <br /> h atberine£McKee <br /> Heng V,Sapperrfreld <br /> Leigh P Vaned <br /> A William Kennon, Retired {� <br /> *Bnm,d Cerd S,,:,,1w in April 22, 2016 <br /> l'r'd Sp <br /> Estate Manning C�Probate Lit,, <br /> **Board Certified Speci-Iisr in Real Property Lare; <br /> Bwinesr. Commercial—d lndrrstrial7>amartions <br /> Mr. Rich Shaw <br /> Land Conservation Manager <br /> Orange County, North Carolina <br /> P.O. Box 8181 <br /> Hillsborough, North Carolina 27278 <br /> RE: Engagement For Legal Services: Orange County's Purchase of approximately 37 <br /> Dear Rich: acres from S L Efland Heirs, LLC (the "S L Efland Heirs") <br /> Thank you for contacting me regarding Orange County's need for legal assistance in <br /> connection with the purchase of the property described herein (the "Transaction"). I am pleased <br /> to assist the County with this matter. If agreeable, this letter establishes the terms of our <br /> engagement. <br /> Title Search & Title Insurance <br /> The subject property is identified as being an approximately 37 acre portion of the land <br /> having Orange County PIN 9844264137 (the "Property"). The Property was Conveyed to the <br /> current owner, the S L Efland Heirs via a Special Warranty Deed recorded on August 7, 2015 in <br /> Book 5997, Page 493 of the Orange County Registry (the "Current Deed"). There are <br /> approximately seventeen (17) individual and entity grantors on the Current Deed. Seller <br /> previously engaged attorney Joseph J. Kalo of the law firm Pittman & Steele ("Kalo")to perform <br /> title vrork and other legal services including preparation of the Current Deed. Kalo confirmed <br /> completing a full title search on the Property was a significant and expensive undertaking. Kalo <br /> also confirmed there is no existing title insurance policy for the Property. A title search of <br /> approximately 40 years in duration will be required for the County to obtain title insurance. A <br /> new 40 year search of the Property will be expensive. In lieu of our firm conducting a new full <br /> search, Kalo has agreed to contract with the County (or our firm via subcontract) to provide a <br /> title opinion based on the extensive title work he has already performed. This title opinion, when <br /> combined with a title update at closing by our firm, will be sufficient to obtain title insurance, <br /> Kalo, and not this firm, will review title documents prior to the date of the Current Deed <br /> and will identify title defects that occur prior to that date. Any defects appearing in the public <br /> records will be disclosed in Kalo's title opinion, and the County will be insured against <br /> 1 <br /> 4011 universit;,drive,suite 3001, durham, ne 27707 post office box 51579,durham, nc 27717-1579 <br /> TEL E PHONE 919 490 0.500 FAX 919 490 0873 • wiviv..kennoncraver:writ <br />
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