Agenda 02-03-2026; 8-g - Proposed Sale of 1.24 Acre Property, PIN #9865614458, Hillsborough, NC

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1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 3, 2026 Action Agenda Item No. 8-g SUBJECT: Proposed Sale of 1.24 Acre Property, PIN #9865614458, Hillsborough, NC DEPARTMENT: Asset Management Services ATTACHMENT(S): INFORMATION CONTACT: 1. Map of Parcel Connor Wilkins, Asset Management 2. Dylan Grey Properties, LLC Offer to Services Assistant Director, 919-245- Purchase 2689 3. Resolution Authorizing the Sale and Alan Dorman, Asset Management Upset Bid Process for 1.24 Acre Services Director, 919-245-2627 Property, PIN #9865614458 PURPOSE: To approve the sale of a County-owned 1.24 acre property, PIN #9865614458, in Hillsborough, NC, and approve a resolution authorizing the sale of the property through a negotiated offer, advertisement, and upset bid process. BACKGROUND: The County owns a 1.24 acre property, PIN #9865614458, in Hillsborough. The property is an irregular slice of land of little value to the County (Attachment 1). The Orange County Tax Administration Office has valued the land at $60,000. Dylan Grey Properties LLC, owned by Jeanette Stephens, an adjacent neighbor, approached the County with an offer to purchase for$10,000 (Attachment 2) and has submitted the proper documents and certified check for $500. When this parcel was originally established, the developer deeded the fee simple ownership to Orange County and PINs were assigned. The lot was never reserved or dedicated as a public or private right-of-way. It was common practice to create these lots as a "place holders" in the event that adjacent tracts were developed and connectivity was needed. In accordance with North Carolina General Statute 160A-269, public property may be sold through a negotiated offer, advertisement, and upset bid process. As all offers for the purchase of County property must be presented to the Board of County Commissioners for consideration, Attachment 3 is a resolution authorizing the sale of the property through an upset bid process. Should the Board approve the offer for the sale of this property in this manner, a notice of sale will immediately be placed in a local paper and on the County's Purchasing web page. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within ten days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars, and five percent (5%) of the remainder. When a bid is raised, the bidder shall deposit with the County five percent (5%) of the increased bid, and the County shall re-advertise the offer at the increased bid amount for an additional ten days. This procedure shall be repeated until no further qualifying upset bids are received, at which time the Board may accept the offer and sell