Agenda - 10-03-2005-10a - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COUNTY COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 3, 2005 Action Agenda Item No. 10-a SUBJECT: Durham County Proposal - New Hope Preserve Interlocal Agreement DEPARTMENT: County Attorney, ERCD PUBLIC HEARING: (Y /N) No ATTACHMENT 1. Durham County Proposal / Letter 2. Chair's Response of 7/13 3. Orange County Staff Memo 4. Resolution of Participation — April 8, 2005 5. Durham Staff Memo — Master Planning - 9/16/05 6. Orange County Staff Memo 9/29/05 INFORMATION CONTACT: Geof Gledhill, 732 -2196 David Stancil, 245 -2590 PURPOSE: To consider and discuss possible participation in a proposal from Durham County to create an interlocal agreement regarding property that is being jointly acquired along the New Hope Creek corridor (which also includes a proposal for a new committee to develop a new plan for a larger segment of the New Hope corridor). BACKGROUND: On April 8, Orange County agreed to participate in a joint effort with Durham County, the Town of Chapel Hill, the City of Durham, Triangle Land Conservancy and private individuals (individually and as part of the Erwin Area Neighborhood Group or FANG) to acquire a 43 -acre parcel of land in both Durham and Orange Counties along Erwin Road. This property, informally known as "Erwin Trace" (the name of the proposed development on the property), includes almost 11 acres in Orange County at the intersection of Pickett Road and Erwin Road. In a resolution adopted on April 8, Orange County agreed to participate in the project and to contribute $125,000 and accept pledges of $50,000 from Triangle Land Conservancy and $25,000 from the Town of Chapel Hill, to provide a total amount of $200,000 toward the joint acquisition. In April, Durham County signed an option to purchase the property over a three - year period. The closing on the property is expected to occur in April 2008. At the same time, Orange County concluded prior discussions with Duke University regarding the acquisition of another 7 acres of land owned by Duke across Pickett Road from this property. The Board approved this purchase, which had been in the works before the interlocal purchase, in May of 2005. This purchase is slated to close this month.