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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 4, 2023 <br /> Action Agenda <br /> Item No. 8-h <br /> SUBJECT: Proposed Sale of 0.45 Acre Property, PIN #0900832203, Hillsborough <br /> DEPARTMENT: Asset Management Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. Property Map Showing Location and Alan Dorman, Assistant Director, Asset <br /> Tax Value Management Services, 919-245- <br /> 2. Bonnie M. Gates Offer to Purchase 2627 <br /> 3. Resolution Authorizing the Sale by Steven Arndt, Director, Asset <br /> Upset Bid Process for Property, PIN Management Services, 919-245- <br /> #0900832203 2658 <br /> PURPOSE: To consider the approval of the sale of a 0.45 acre County-owned property, PIN <br /> #0900832203, located in Hillsborough, and to approve a resolution authorizing its sale through an <br /> upset bid process. <br /> BACKGROUND: The County owns a 0.45 acre property, PIN #090032203, located in <br /> Hillsborough. The property comprises a narrow slice of land of limited value to the County (see <br /> property map at Attachment 1). Bonnie M. Gates has submitted an offer to purchase the property <br /> on behalf of herself and the other heirs of George Miller in the amount of $1,500, and has <br /> submitted the required deposit of $75 (Attachment 2). <br /> The 0.45 acre property was originally created when the surrounding subdivision was approved <br /> and recorded in 1997. The developer deeded the fee simple ownership to Orange County and <br /> PINs were assigned. The lot was never reserved or dedicated as a public or private right-of-way. <br /> It was common practice in the 1990s to create lots as "place holders" in the event that adjacent <br /> tracts were developed and connectivity was needed. <br /> The property has a listed value of$40,000. However, Tax Administrator Nancy Freeman indicates <br /> this is an incorrect valuation, noting that the department will "correct the value for 2023, and the <br /> tax value should be changed to $1 to be consistent with other like road parcels. This was not <br /> previously corrected due to its status as an exempt County owned property. This value does not <br /> take into account the size and its designated use as a road parcel." <br /> In accordance with North Carolina General Statute 160A-269, public property may be sold through <br /> a negotiated offer, advertisement, and upset bid process. As all offers for the purchase of County <br />