Orange County NC Website
Browse       Search
RES - 2019 - 053 <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 th rpose of this Resolution <br /> ADQPTE on this 3rd d of epte ber , 2019 . <br /> i <br /> AwlVut , A <br /> Pen y Rich , Cha r <br /> ATTEST . <br /> Donna E aker , Clerk to the Board <br />