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RES-2019-053 Attachment 3 12 <br /> ORANGE COUNTY <br /> RESOLUTION TO EXCHANGE REAL PROPERTY <br /> NORTH CAROLINA <br /> WHEREAS, Orange County is the owner of that certain parcel of land situated adjacent <br /> to 1010 US Highway 70 having PIN 9864397758 and an approximate value of$36,400; and <br /> WHEREAS, Orange County is the owner of that certain parcel of land situated adjacent <br /> to 520 Orange Heights Loop having PIN 9864398253 and an approximate value of $72,000; <br /> and <br /> WHEREAS, William and Donna Holloway are the owner of that certain parcel of land <br /> situated at 1014 US Highway 70 having PIN 9864490515 and an approximate value of <br /> $70,300; and <br /> WHEREAS, the parties desire to exchange said parcels as follows: <br /> A 1,827 square foot portion (approximate value $763) of the County Parcel situated at <br /> 1010 US Highway 70, Hillsborough, NC and having PIN 9864397758 being <br /> approximately 1.6 acres prior to the exchange and approximately 3.022 acres after the <br /> exchange. <br /> A 129,632 square foot portion (approximate value $24,052) of the County Parcel <br /> located at the 520 Orange Heights Loop, Hillsborough, NC and having PIN <br /> 9864398253, being approximately 8.879 acres prior to the exchange and approximately <br /> 5.912 acres after the exchange. <br /> to be exchanged for <br /> A 46,135 square foot portion (approximate value $11,533) of the William and Donna <br /> Holloway property located at 1014 US Highway 70, Hillsborough, NC and having PIN <br /> 9864490515, being approximately 6.395 before the exchange and approximately 8.354 <br /> after the exchange. <br /> WHEREAS, the exchange is to be an even trade with other consideration being all due <br /> diligence and transfer costs and fess pay by Orange County as well as $7,000 paid to the <br /> Holloways for the re-alignment of a fence; and, <br /> WHEREAS, the County has properly advertised by Public Notice its intent to exchange <br /> said real property, and has complied with all statutory requirements to accomplish the same. <br /> NOW THEREFORE, BE IT RESOLVED, the properties are exchanged as shown above <br /> and the Chair is authorized to execute any and all documents and take whatever action is <br /> necessary to accomplish the purpose of this Resolution <br /> ADOPTED on this 3rd day of September, 2019. <br /> Penny Rich, Chair <br /> ATTEST: <br /> Donna Baker, Clerk to the Board <br />