Agenda - 06-27-2006-5ii - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 27, 2006 Action Agenda Item No. S' j SUBJECT: Adoption of Resolution Authorizing OPC/LME to Acquire Real Property in Orange County DEPARTMENT: County Manager's Office PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Draft Resolution INFORMATION CONTACT Gwen Harvey, Asst Co. Mgr, 245 -2307 Judy Truitt, OPC/LME Director, 913-4037 PURPOSE: To adopt a resolution that provides consent for the OPC/LME to enter into a financing agreement for the acquisition of real property. BACKGROUND: At its meeting on June 27, 2006, the OPC/LME Board will consider adoption of resolutions drafted by consulting counsel, Annette Moore, to allow OPC/LME to file an application with the North Carolina Local Government Commission for approval of a proposed financing contract for the purchase of two pieces of Club House properties that serve OPC target populations. The two properties are known as Club Nava in Carrboro and Club Insight in Chatham County. Loan financing in the amount of $421,000 would be through Wachovia Bank, N.A. Each of the three Boards of County Commissioners -Orange, Person, and Chatham -must also adapt resolutions - as in the one attached - in order to allow OPC/LME to hold title to real property. The Local Government Commission requires all documentation to be submitted 28 days in advance, or by August 8, 2006 in this instance. The draft resolution is on this BOCC agenda for adoption, the same night as the regular OPC/LME Board meeting, because the filing deadline would have passed by the time the BOCC returns from summer break to take action. Commissioner Moses Carey, as BOCC liaison to OPC/LME, has been actively engaged in discussions concerning the advantages of Club House property ownership in helping assure continued public benefit for the counties and the consumers being served.