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44°A4 <br /> ORANGE COUNTY COMMISSIONERS <br /> 106 EAST MARGARET LANE <br /> HILLSBOROUGH, N. C. <br /> 27278 <br /> MOSES CAREY,JR. <br /> STEPHEN H.HALKIOTIS <br /> JOHN HAR'TWELL <br /> SHIRLEY E.MARSHALL <br /> DON WILLHOIT <br /> March 20, 1987 <br /> n , <br /> tl7� <br /> S'. <br /> Lake Orange, Inc. <br /> c/o Robert B. Nichols, Jr. <br /> President <br /> Highway 86 <br /> Hillsborough, North Carolina 27278 <br /> • <br /> Dear Mr. Nichols: <br /> This letter is in response to the undated letter delivered <br /> to Shirley E. Marshall on February 23, 1987, a copy of which <br /> letter is attached. Orange County, through its Board of <br /> Commissioners, has carefully considered the offer contained in <br /> the attached letter from Lake •Orange, Inc. ta_seil to Orange <br /> County under the terms and conditions contained.;'in that letter <br /> the land owned tb44.La•1 e:Qrangg =lhc._surroundinj Zake Orange from <br /> the 615 foot elevation to: the-'6l6 e1evation , "orange County <br /> declines the offer made:-in�thl attached_lettei•:,' .a.* <br /> The letter.-state chat-the,;_of.feria; s !made'-pursuant to the <br /> terms of the ;deed'-froar. La4erange 'tnc., •to Orange. County, which <br /> deed is recorded tat` Book 212 ;-Page,362 of,. he0.Oran9e County <br /> Registry. Appar ently%this`,i.s ar'reference' tol-the'=following <br /> paragraph which.`appears ; :n that_deed.: i� �. . . <br /> a���' <br /> [Lake Orange, Inc.] hereby forever binds itself and, its <br /> successors and assigns to sell neither the shaded areas <br /> of land on said plat nor the rights and easements herein <br /> reserved unless and until [Lake Orange, Inc. ] has <br /> offered in writing to sell same for cash to [Orange <br /> County] at the same price offered by proposed purchaser <br /> and unless and until [Orange County] has failed to <br /> unconditionally accept in writing said offer within 30 <br /> days of the date said written offer to sell is first <br /> delivered to any member of the Orange County Board of <br /> Commissioners. [Orange County] shall have 30 days after <br /> date of said unconditional acceptance of said offer in <br /> which to tender said purchase price in cash to [Lake <br /> Orange, Inc. ] , and failure of [Orange County] to make <br /> r - <br /> 1 - <br />