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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: November 7, 2024 <br /> Action Agenda <br /> Item No. 8-1 <br /> SUBJECT: Approval of the Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough <br /> DEPARTMENT: Asset Management Services <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. Property Map Showing Location and Connor Wilkins, Asset Management <br /> Tax Value Services Assistant Director, 919-245- <br /> 2. Thomas and Anthea Darling Offer to 2689 <br /> Purchase Alan Dorman, Asset Management <br /> 3. September 17, 2024 Approved Services Director, 919-245-2627 <br /> Resolution Authorizing the Sale by <br /> Upset Bid Process for Property, PIN <br /> #9863668236 <br /> PURPOSE: To approve the sale of a 0.2-acre County-owned property, PIN #9863668236, <br /> located in Hillsborough. <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 1 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 property's current tax value is listed as $30,000. Orange County Tax Administrator <br /> Nancy Freeman states that "after adjusting this unbuildable lot down 95% for size and utility, it <br /> would have a value of $5,500 for 2025. This would seem to be a fair valuation for a property that <br /> only has value as an 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 /> (Attachment 2). <br /> At its September 17, 2024 Business meeting, the Board approved a resolution authorizing the <br /> sale of the property through an upset bid process (Attachment 3). The upset bidding process was <br /> issued shortly afterward; however, no other bids were received for the property, making the initial <br /> offer of$5,000 by Thomas and Anthea Darling the highest bid. In accordance with North Carolina <br /> General Statute 160A-269, the final offer for the sale of the property must be presented to the <br /> Board of Commissioners for consideration and approval. <br />