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The lawyers handling this transaction for the developer are the same. They recently <br />joined Kennedy Covington. <br />2. All property taxes owed on the property, including all taxes for the year 2005, will be paid <br />by the Seller, <br />3. The temporary construction access will be provided no later than March 1, 2006, rather <br />than December 31, 2005 as was provided in the original agreement. <br />4, Public utilities, including water, sewer and electricity to the property boundary, will be <br />provided no later than August 1, 2006, rather than May 1, 2006, as was provided in the <br />original agreement, <br />The modifications requested in items #3 and #4 are a result of the title problems, now resolved, <br />encountered in providing public road access to Waterstone from N..C. Highway 86. DTCC <br />advises that both will fit the construction timeline to get the Community College operational for <br />the Fall 2007 semester, The construction timeline will be finalized by the project architect as <br />quickly as practicable after the architect is selected. The architect selection process being <br />conducted through DTCC is expected to conclude by the end of April. County representatives, <br />including Commissioners Carey and Halkiotis, the County Manager and the Purchasing and <br />Central Services Director will also participate in the selection of the architect. <br />Matters of joint ownership between DTCC and Orange County, along with an agreement <br />outlining responsibilities thereafter of both parties, will be brought forward for consideration at a <br />subsequent meeting, <br />FINANCIAL IMPACT: There is no financial impact associated with this action, <br />RECOMMENDATION(S): The Manager recommends that the Board receive public comment <br />as appropriate; approve Amendment #3 to the purchase agreement, the final BOCC action, with <br />Norca Holdings; authorize the Chair to sign the Amendment on behalf of the Board; and, <br />authorize the County Manager, the County Attorney and the Gounty Finance Director or any of <br />them as they deem appropriate to do all things necessary to close on the sale of the property <br />and to sign any and all documents necessary to close on the property, <br />