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TOWN OF CARRBORO 4 <br /> NORTH CAROLINA <br /> WWW.TOWNOFCARRBORO.ORG <br /> C M- <br /> • <br /> Z � J� r`T <br /> ti <�`�"� Attachment 2 <br /> December 2016 <br /> Ms. Bonnie Hammersley <br /> Orange County Manager <br /> Post Office Box 8181 <br /> Hillsborough,North Carolina 27278 <br /> Re: Letter of Intent—Town of Carrboro— Orange County Southern Branch Library at 203 S. <br /> Greensboro Street <br /> Dear Bonnie: <br /> This letter is to confirm the general intent of the Town of Carrboro (the "Town") and <br /> Orange County (the "County"), as expressed by their respective governing boards adopted <br /> during the Spring of 2016„ to work cooperatively to investigate potential joint development <br /> scenarios, including design, construction, financing, and use of any potential building on <br /> property now owned by the Town located at 203 South Greensboro Street in Carrboro (the <br /> "Property"), as the site for the County's Southern Branch Library. <br /> The specific terms of development would be negotiated during this investigation <br /> process if both parties conclude that joint development of the Property is in their best interests. <br /> This letter of intent is NOT a binding contract, it is an expression of the Town's and the <br /> County's mutual interest in pursuing the potential development of the Property for uses <br /> including the County's proposed Southern Branch Library. The Town acquired the Property in <br /> 2013. The Property is zoned appropriately for the proposed use(s). <br /> By our respective signatures below, as authorized by the Town's Board of Aldermen <br /> and the County's Board of Commissioners, we commit to pursuing the possible development of <br /> the Property as generally described in this letter. <br /> We look forward to working together for the successful project. <br /> Very truly yours, <br /> David Andrews, Town Manager <br /> TOWN OF CARRBORO <br /> DA: <br /> Bonnie Hammersley, Orange County Manager <br /> 301 WEST MAIN STREET,CARRBORO,NC 27510•(919)942-8541•FAX(919)918-4456•VOICE/I'TY/TDD/ASCII:711 <br /> AN EQUAL OPPORTUNITY PROVIDER <br />