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3 <br /> Prepared by and return to: Wayne R. Hadler, Beemer, Hadler&Willett, P.A. <br /> DECLARATION OF COVENANTS, CONDITIONS <br /> AND RESTRICTIONS OF <br /> DRAKEFORD LIBRARY COMPLEX CONDOMINIUM PROJECT, A CONDOMINIUM <br /> This DECLARATION, made on the date hereinafter set forth by TOWN OF <br /> CARRBORO, a North Carolina municipal corporation, hereafter referred to as the "Town" and <br /> THE COUNTY OF ORANGE, a North Carolina county, hereafter referred to as the "County", <br /> the Town and County are collectively, the Declarant. <br /> WITNESSETH: <br /> WHEREAS, Declarant is the owner of certain property located on the east side of South <br /> Greensboro Street, Chapel Hill Township, Orange County, North Carolina, and more particularly <br /> described as follows (herein"Property"): <br /> BEING all of that property consisting of 0.937 acres, more or less, as shown on a map and <br /> survey entitled"Drakeford Library Complex Condominium Project(Property of Town of <br /> Carrboro & Orange County)prepared by Freehold Land Surveys, Inc., last revised March 3, <br /> 2025, and recorded in Plat Book , Page , Orange County Registry, to which map <br /> reference is made for a more particular description of same. PIN: 9778-85-7932 <br /> WHEREAS,Declarant has planned, designed and constructed an approximately 124,685 <br /> gross square foot building, site improvements and associated parking including a multi-level <br /> parking deck on the Property, and now wishes to create condominium units or"units" as those <br /> are defined under the provisions the North Carolina Condominium Act and to convey the same <br /> to the Town and County subject to the covenants, conditions and restrictions herein reserved to <br /> be kept and observed and that incorporates and reflects to the extent possible the terms and <br /> 1 <br />