Agenda - 05-21-1991 - Laserfiche WebLink

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3 EXTRACT FROM MINUTES OF THE BOARD OF COMMISSIONERS FOR THE COUNTY OF ORANGE, NORTH CAROLINA The Board of Commissioners for the County of Orange, North Carolina, met in regular session in the Old Post Office, 179 East Franklin Street, Chapel Hill, North Carolina at 7:30 o'clock P.M. on May 21, 1991. Present: Commissioners: Absent: Commissioners: Also Present: stated that Orange County (the "County ") was actively considering the purchase of an approximately 34.10 acre tract of real property on the south side of Homestead Road, west of North Carolina Highway 86 in Chapel Hill, North Carolina presently owned by Vinton A. Hoyle, Jr. and - wi €e - -, Martha G. Hoyle (the "Property "). A proposed contract for the purchase of the Property (the "Contract ") has been negotiated on behalf of the County and presented to this meeting. Geoffrey E. Gledhill, County Attorney, advised the Board that the Contract involved the payment of a portion of the.purchase price in a series of payments as authorized by North Carolina General Statutes Section 160A -20 and that before entering into an installment purchase contract involving real property, the statute required the County to hold a public hearing on the Contract. He advised the Board that a Notice of Public Hearing had been published in the on May , 1991 (the "Notice ") designating this meeting as the date, time and place for such public hearing on the Contract. Commissioner moved that the Board ratify the publication of the Notice and designate this meeting as a public hearing on the Contract. The motion was seconded by Commissioner and was unanimously adopted. At o'clock, _.M., the Chairman announced that the Board would hear anyone who wished to be heard on the advisability of the Contract and the purchase of the Property on an installment basis. The presiding officer then recognized such persons if any, who appeared either in person or by attorney, to be heard on the