Orange County NC Website
Browse       Search
MEMORANDUM OF UNDERSTANDING (“MOU”) <br />between <br />Orange County <br /> and <br />Orange Rural Fire Department <br />I. PURPOSE AND SCOPE <br />The purpose of this MOU is to clearly identify the roles and responsibilities of each party as <br />they relate to the development, administration of the use of that property located at 350 <br />College Park Road, Hillsborough, NC, (sometimes referred to as the “Waterstone property”) <br />to be used by Orange County and Orange Rural Fire Department (or “ORFD”) until a <br />tenancy in common agreement can be developed and established. <br />In particular, this MOU is intended to: <br />1.) Temporarily define and delineate roles and responsibilities of each party use of the <br />facility located at 350 College Park Road, Hillsborough, NC until a tenancy in <br />common agreement is established. <br />2.) Temporarily outline communication, financial, and other expectations of the parties <br />until a tenancy in common agreement is established. <br />II. PARTIES <br />The parties to this Memorandum of Understanding are: Orange County (“the County”) and <br />Orange Rural Fire Department (“ORFD”). <br />III. BACKGROUND <br />ORFD owns a tract of approximately 2 acres located within the Waterstone development. <br />ORFD acquired this property in a deed of gift from the Town of Hillsborough on June 29, <br />2021. The deed is recorded in Book 6738, Page 676, Orange County NC Registry and has an <br />address of 350 College Park Drive, Hillsborough, NC. This is known as “the Waterstone <br />property.” <br />At the October 19, 2021, Orange County Board of County Commissioners meeting, the Board <br />agreed to approve a Development Agreement between ORFD and Orange County regarding <br />the Waterstone property. <br />Under the terms of the Development Agreement, including, but not limited to those provisions <br />of Article III, K of the Development Agreement, “upon completion of the construction the <br />building and parking areas shall be converted to condominium ownership.” (Emphasis added.) <br />The project is complete, and, on consideration, the parties have mutually determined that they <br />would prefer a tenancy in common form of ownership to a condominium. <br />DocuSign Envelope ID: 2BF7F51E-7AD2-4804-B161-7D1A89DDFFA1