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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No TEE-E <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: November 1, 1993 <br /> SUBJECT: Offer to Purchase County Property <br /> DEPARTMENT County Manager PUBLIC HEARING YES NO x <br /> ATTACHMENT(S) INFORMATION CONTACT <br /> Offer to Purchase Rod Visser, ext 2300 <br /> TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To consider an offer to purchase a piece of property owned by <br /> Orange County. <br /> BACKGROUND: At the June 7, 1993 meeting, the Board discussed options <br /> for the disposition of a parcel of real property, located in Mebane, <br /> that is owned by Orange County. The County acquired the property by <br /> foreclosure in 1974 . The parcel is approximately one-half acre in <br /> size, and is situated on 10th Street in Mebane, just inside the Orange- <br /> Alamance County line. <br /> At the August 17, 1993 meeting, the Board authorized staff to pursue <br /> the sale of this property at a price not less than the appraised tax <br /> value of $14 ,080. Mr. Lloyd Clayton, grandson of the former owner of <br /> the property, has indicated his desire to obtain the property, as <br /> evidenced by his signed offer to purchase. If the Board accepts Mr. <br /> Clayton' s offer, he must make a cash deposit of 5% of the purchase <br /> price. The County will then have to observe the upset bid procedures <br /> outlined in the General Statutes. <br /> RECOMMENDATION: The Manager recommends that the Board accept the offer <br /> by Mr. Clayton to purchase this parcel for $14, 080; that the Manager <br /> and Attorney be authorized to complete the sale of the property as <br /> outlined by State law; and that the proceeds of the sale be set aside <br /> in a reserve account for affordable housing uses. <br />