Browse
Search
Agenda 05-24-22; 8-i - Proposed Sale of 129 East King Street, Hillsborough, NC
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
2020's
>
2022
>
Agenda - 05-24-2022 Business Meeting
>
Agenda 05-24-22; 8-i - Proposed Sale of 129 East King Street, Hillsborough, NC
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/19/2022 3:19:33 PM
Creation date
5/19/2022 3:20:27 PM
Metadata
Fields
Template:
BOCC
Date
5/24/2022
Meeting Type
Business
Document Type
Agenda
Agenda Item
8-i
Document Relationships
Agenda for May 24, 2022 BOCC Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2022\Agenda - 05-24-2022 Business Meeting
Minutes 05-24-2022 Business Meeting
(Message)
Path:
\Board of County Commissioners\Minutes - Approved\2020's\2022
RES-2022-028-Resolution Authorizing Upset Bid Process for 129 East King Street
(Message)
Path:
\Board of County Commissioners\Resolutions\2020-2029\2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
2 <br /> any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars, <br /> and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the <br /> County five percent (5%) of the increased bid, and the County shall re-advertise the offer at the <br /> increased bid amount for an additional ten days. This procedure shall be repeated until no further <br /> qualifying upset bids are received, at which time the Board may accept the offer and sell the <br /> property to the highest bidder. The final offer will be brought back to the Board for consideration <br /> and approval. <br /> FINANCIAL IMPACT: The property is currently sitting vacant and there are no plans to renovate <br /> or re-occupy the site. Due to the extremely poor condition of the facility, the appraised value of <br /> the property is based upon the value of the land only. Sale of 129 East King Street will convert a <br /> non-productive capital asset into at least $178,000 that may be re-allocated to other County <br /> needs. <br /> SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goal impacts <br /> associated with this item. <br /> ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal <br /> impacts associated with this item. <br /> RECOMMENDATION(S): The Manager recommends that the Board: <br /> 1) Approve the sale of 129 East King Street, Hillsborough, NC through a negotiated offer, <br /> advertisement and upset bid process, in accordance with North Carolina General Statute <br /> 160A-269; and <br /> 2) Approve and authorize the Chair to sign the resolution authorizing the sale through this <br /> process. <br />
The URL can be used to link to this page
Your browser does not support the video tag.