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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 17, 2025 <br /> Action Agenda <br /> Item No. 6-c <br /> SUBJECT: Condominium Agreement and Memorandum of Understanding with the Town of <br /> Carrboro for the Operation of the Drakeford Library Complex <br /> DEPARTMENT: Asset Management Services <br /> (AMS) <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1) Condominium Declaration of Alan Dorman, AMS Director, 919-245- <br /> Covenants 2627 <br /> 2) Specialty Warranty Deed to Orange <br /> County <br /> 3) Special Condominium Warranty <br /> Deed to Orange County — Unit 1 <br /> 4) Special Condominium Warranty <br /> Deed to Orange County — Unit 2 <br /> 5) Survey of Drakeford Library <br /> Complex <br /> 6) Condominium Plat <br /> 7) Memorandum of Understanding <br /> 8) PowerPoint Presentation <br /> PURPOSE: To: <br /> 1.) Review and approve the Condominium Agreement, Deeds, and Plat for the Drakeford <br /> Library Complex; <br /> 2.) Review and approve the Memorandum of Understanding between Orange County and the <br /> Town of Carrboro for the operation of the Drakeford Library Complex; and <br /> 3.) Authorize the County Manager to sign all required documents, upon final review by the <br /> County Attorney. <br /> BACKGROUND: At its Business meeting on January 21, 2025, the Board of County <br /> Commissioners approved a temporary Memorandum of Understanding ("MOU") between Orange <br /> County and the Town of Carrboro to operate the Drakeford Library Complex until the condominium <br /> agreement could be finalized. The Condominium Agreement, Deeds, Survey, and Plat have been <br /> finalized and now must be approved by the Orange County Board of Commissioners and the <br /> Carrboro Town Council. <br /> Condominium Agreement and Deeds <br /> The Condominium Agreement and Deeds formalize the ownership and broad responsibilities of <br /> Orange County and the Town of Carrboro in operating the Drakeford Library Complex. Based on <br /> the finalized building survey, the condominium agreement slightly adjusts the operational split of <br /> costs between Orange County and the Town of Carrboro, with the County's share of costs <br /> decreasing from 55.48% to 53.6% and the Town's share increasing from 44.52% to 46.4%. <br />