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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: May 6, 2025 <br /> Action Agenda <br /> Item No. 8-i <br /> SUBJECT: Sale of 0.26 Acre Property, PIN #9862246076, Hillsborough, NC <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. Ravi and Rosemary Kumar Offer to 2689 <br /> Purchase Alan Dorman, Asset Management <br /> 3. January 21, 2025 Resolution Services Director, 919-245-2627 <br /> Authorizing the Sale by Upset Bid <br /> Process for Property, PIN# <br /> 9862246076 <br /> PURPOSE: To approve the sale of a 0.26-acre County-owned property, PIN #9862246076, <br /> located in Hillsborough, NC. <br /> BACKGROUND: The County owns a 0.26-acre property, PIN #9862246076, on New Hope <br /> Springs Drive off Davis Road in southwest Hillsborough (Attachment 1). The property is comprised <br /> of a narrow slice of land of little value that a developer deeded to Orange County, but the lot was <br /> never reserved or dedicated as a public or private right-of-way. It was common practice in the <br /> 1990s to create these lots as "placeholders" if adjacent tracts were developed and connectivity <br /> was needed. <br /> The Orange County Tax Administration Office has valued the land between $4,000 and $8,400. <br /> Ravi and Rosemary Kumar, who own property adjacent to the parcel, have submitted an offer to <br /> the County to purchase the property for $4,500 and have submitted the required 5% deposit <br /> (Attachment 2). <br /> At its Business meeting on January 21, 2025, the Board approved a resolution authorizing the <br /> sale of the property through an upset bid process (Attachment 3). A sign was developed and <br /> posted on the property to notify the surrounding homeowners that the property was for sale. <br /> Updates were also made to the County's website to more specifically identify County properties <br /> being sold. The upset bidding process ensued shortly afterward; however, no other bids were <br /> received for the property, making the initial offer of $4,500 by Ravi and Rosemary Kumar the <br /> highest bid. In accordance with North Carolina General Statute 160A-269, the final offer for the <br /> sale of the property must be brought back to the Board for consideration and approval. <br /> FINANCIAL IMPACT: The sale of this land will convert a non-productive capital asset into $4,500 <br /> that may be reallocated to other County needs. <br />