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EXTRACT FROM MINUTES OF <br />THE BOARD OF COMMISSIONERS <br />FOR THE COUNTY OF ORANGE, NORTH CAROLINA <br />f #r �ldllol VT,4 <br />The Board of Commissioners for the County of Orange, North <br />Carolina, met in regular session in the Old Post Office, 179 East <br />Franklin Street, Chapel Hill, North Carolina at 7:30 o'clock P.M. <br />on May 21, 1991• <br />Present: Commissioners: Chairman Moses Car Jr. <br />Gordon, Stephen Halkiotis, Verla Insko and Don Willhoit <br />Absent: Commissioners: None <br />Also Present: C tv M <br />Director Pam Jones Count <br />x * � <br />John Link and Pam Jo e stated that Orange County (the <br />"County ") was actively considering the purchase of an <br />approximately 34.10 acre tract of real property on the south side <br />of Homestead Road, west of North Carolina Highway 86 in Chapel <br />� <br />Hill, North Carolina presently owned by Vinton A. Hoyle, <br />(the "Property "). A proposed contract for <br />the purchase of the Property (the "Contract ") has been negotiated <br />on behalf of the County and presented to this meeting. <br />Geoffrey E. Gledhill, County Attorney, advised the Board that the <br />Contract involved the payment of a portion of the purchase price <br />in a series of payments as authorized by North Carolina General <br />Statutes Section 160A -20 and that before entering into the <br />installment purchase contract involving real property, <br />statute required the County to hold a public hearing on the <br />Contract. He advised the Bard 1 c'e al�N & Nevj��f �� Hearing County <br />had been published in the Durham /` <br />"Notice") designating this meeting as the date, time and place <br />for such public hearing on the Contract. <br />Commissioner Insko moved that the Board ratify the <br />publication of the Notice and designate this meeting as <br />hearing on the Contract. The motion was seconded by <br />Halkiotis and was unanimously adopted. <br />At 8.00 o'clock, P .M., the Chairman announced that the <br />Board would hear anyone who wished to be heard on the <br />advisability of the Contract and the purchase of the Property on <br />an installment basis. <br />The presiding officer then recognized such persons if any, <br />who appeared either in person or by attorney, to be heard on the <br />