Orange County NC Website
Browse       Search
7 <br />EXHIBIT "C" <br />STATE OF NORTH CAROLINA OFFER TO PURCHASE AND CONTRACT <br />COUNTY OF ORANGE <br />THIS OFFER TO PURCHASE AND CONTRACT ("Agreement"), made and <br />entered into this, the day of , 2000, by and between the COUNTY <br />OF ORANGE, NORTH CAROLINA, whose address is P. O. Box 81$1, Hillsborough, <br />North Cazolina 27278, hereinafter called "Buyer"; and TRIANGLE COMMUNITY <br />FOUNDATION, a North Carolina non-profit, with its address at 100 Park Offices, Suite <br />209, P. O. Box 12834, Research Triangle Pazk, North Cazolina 27709, hereinafter called <br />"Seller". <br />WITNESSETH: <br />WHEREAS, Buyer desires to purchase and Seller desires to sell certain real property <br />located in Orange County, North Cazolina, which said real property is more particulazly <br />described as that portion of the 390.91 acre tract located entirely in Little River Township, <br />Orange County, North Carolina, described on Exhibit "A" attached hereto; .and <br />WHEREAS, the parties desire to set forth their agreement with respect to said <br />purchase; <br />NOW, THEREFORE, in consideration ofthe mutual covenants herein contained and <br />other good and valuable consideration, the receipt and adequacy of which is hereby <br />acknowledged, the parties agree as follows: <br />1. AGREEMENT TO BUY AND SELL: Buyer agrees to purchase and Seller <br />agrees to sell and convey that plot, piece or parcel of land described as that portion of the <br />390.91 acre tract described on Exhibit "A" which is located entirely in Little River <br />Township, Orange County, North Cazolina (hereinafter referred to as the "Property") in <br />accordance with the terms and conditions set forth herein. <br />1. RIGHT TO REDUCE ACREAGE PURCHASED: Buyer reserves the right <br />to reduce the total acreage purchased by approximately 26 acres. The 26 acres which may <br />be removed firom the purchase will be essentially as shown on Exhibit "B" attached hereto <br />and will be more specifically described by survey performed at Buyer's cost and completed <br />on or before May 1, 2000. Buyer must notify Seller of its intent to reduce the acreage <br />purchased on or before 5:00 p.m. on May 3 1, 2000. <br />2. PURCHASE PRICE: The purchase price for the Property shall be Twenty- <br />Six Hundred and No/100s Do11azs ($2,600.00) per acre and shall be paid at closing. The <br />exact acreage shall be determined by the afore-referenced survey of the Property. The <br />Option Money shall be applied to the purchase price at closing. <br />3. TITLE: Title will be delivered to Buyer at closing by a Special Warranty <br />Deed, and shall be fee simple mazketable title, free of all encumbrances, except for ad <br />valorem taxes for the current yeaz; utility easements and unviolated restrictive covenants that <br />