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3 <br /> STATE OF NORTH CAROLINA <br /> COUNTY OF ORANGE <br /> OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY <br /> This offer is being made as a negotiated offer, pursuant to N.C. Gen. Stat. 160A-269, and other <br /> applicable sections of the North Carolina General Statutes. The terms of the offer are as follows: <br /> 1. OFFER: The undersigned Offerror herby offers to purchase the property described below from <br /> Orange County for the price of$ 06) ( 1VE '�r <br /> H�sg AM ) <br /> 2. PROPERTY: The property upon which an offer is being made is that certain lot of parcel of land <br /> including all improvements thereon, situated in Hillsborough Township; Hillsborough, North <br /> Carolina, <br /> ORA tv <br /> 3. "AS IS" CONDITION;TITLE: The Offeror acknowledges that this offer is for the purchase of the <br /> property described above in its "as is" condition. Title will be conveyed by special warranty <br /> deed,free and clear of all liens or encumbrances. <br /> 4. DEPOSIT: With this offer the undersigned has deposited 5% of the proposed purchase price <br /> with the county as required by law(refundable if the offer is not accepted). <br /> 5. PROPERTY TAX: It is understood that the property is currently tax exempt, but that pursuant to <br /> N.C. Gen. Stat. 105-29(d) the property may become taxable for the fiscal year beginning July of <br /> the calendar year in which it is acquired, in which case, the property taxes will be the <br /> responsibility of the Offeror. <br /> 6, UPSET BID PROCEDURE: It is understood that the this offer is subject to upset bid procedures <br /> pursuant to N.C, Gen.Stat. 160A-269, and that no final action will be taken on acceptance of this <br /> offer until the upset period has expired. It is also understood that by law, the County Board of <br /> Commissioners may reject this offer and any upset bid offers at any time. <br /> 7. ADVERTISING COSTS: Upon closing, the Offeror agrees to reimburse the advertising fees for all <br /> legal notice required under N.C.Gen.Stat, 160A-269. <br /> 8. WITHDRAWAL: The County reserves the right to withdraw the property from sale at any time <br /> before the bid or any upset bids are accepted. <br /> (Signature Page to Follow] <br /> Date: al ;?4 <br /> Initial: <br />