Orange County NC Website
2 <br />County staff and consultants have compiled the accompanying analysis and background <br />reports to assist the BOCC in determining whether or not it would further the County <br />Commissioners' policy and program priorities to negotiate a detailed agreement to purchase the <br />property from Eaton Vance, Staff believe that the acquisition of the property presents <br />significant opportunities to accomplish important County functions in a cost efficient manner, <br />with the prospect of savings through economies of scale in construction and operational costs, <br />Therefore, staff recommend that the Board proceed with the acquisition of the property and <br />provide specific direction to staff on additional steps to take by means of the accompanying <br />resolution, or a modified version thereof.. <br />Staff and consultants will attend the March 15 meeting and plan to 1) make a detailed <br />presentation that will review the process and results of the due diligence assessments that have <br />been completed, and 2) respond to Commissioner questions regarding the proposed acquisition <br />of the SportsPlex property. <br />FINANCIAL IMPACT: As noted in the accompanying background reports, and as will be <br />addressed in the staff presentation. <br />RECOMMENDATION(S): The Manager recommends that the Board pursue acquisition of the <br />Triangle SportsPlex, and adopt the accompanying resolution, or a modified version thereof, <br />that will provide specific direction to the Manager, staff, and Attorney on how to proceed, <br />