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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: September 17, 2024 <br /> Action Agenda <br /> Item No. 8-b <br /> SUBJECT: Proposed Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough <br /> DEPARTMENT: Asset Management Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. Offer to Purchase Alan Dorman, Asset Management <br /> 2. Location Map Services Director, 919-245-2627 <br /> 3. Resolution Authorizing Sale through <br /> Upset Bid Process <br /> PURPOSE: To review the offer to purchase a County-owned 0.2-acre property, PIN <br /> #9863668263, in Hillsborough and approve a resolution authorizing the sale of the property <br /> through an upset bid process. <br /> BACKGROUND: The County owns a 0.2-acre property, PIN #9863668263, at the intersection of <br /> Lafayette Drive and Hardwood Drive in south Hillsborough that was acquired when the <br /> surrounding subdivision was approved and recorded in 1983 (see Attachment 2 for a map <br /> showing the property). The developer deeded the parcel to Orange County, but the lot was never <br /> reserved or dedicated as a public or private right-of-way. It was common practice in the 1990s to <br /> create these lots as "placeholders" if adjacent tracts were developed and connectivity was <br /> needed. <br /> While the current tax value is listed as $30,000, Orange County Tax Administrator Nancy Freeman <br /> states that "after adjusting this unbuildable lot down 95% for size and utility, it would have a value <br /> of $5,500 for 2025. This would seem to be a fair valuation for a property that only has value as <br /> assemblage with one of the three contiguous parcels." <br /> Thomas and Anthea Darling, who own property adjacent to the parcel, have submitted an offer to <br /> the County to purchase the property for $5,000 and have submitted the required 5% deposit. <br /> In accordance with North Carolina General Statute 160A-269, the County may receive, solicit, or <br /> negotiate an offer to purchase County property and advertise it for upset bid. As all offers for the <br /> purchase of County property must be presented to the Board of County Commissioners for <br /> consideration, Attachment 3 is a resolution authorizing the sale of the property through an upset <br /> bid process. Should the Board approve the offer for the sale of this property in this manner; a <br /> notice of sale will immediately be placed in a local paper and on the County's Purchasing web <br /> page. The notice shall contain a general description of the property, the amount and terms of the <br /> offer, and a notice that within ten days any person may raise the bid by not less than ten percent <br /> (10%) of the first one thousand dollars, and five percent (5%) of the remainder. When a bid is <br />