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CAF 3-3-aryls <br /> RES-2015-006 7 C, <br /> ORANGE COUNTY <br /> RESOLUTION APPROVING CONVEYANCE OF PROPERTY <br /> NORTH CAROLINA <br /> WHEREAS, Orange County is the owner of a parcel of property situated in a residential <br /> neighborhood on Faucette Mill Road in Hillsborough, North Carolina having PIN 9865621043 <br /> and an assessed value of$25,562; and <br /> WHEREAS, the parcel was acquired through tax foreclosure sale and Orange County has no <br /> viable use for the parcel; and <br /> WHEREAS, Orange County is authorized by North Carolina General Statute 160A-279 to <br /> convey properties to entities involved in carrying out a public purpose; and <br /> WHEREAS, Habitat for Humanity, a nonprofit corporation has offered to accept the parcel for <br /> the public purpose of providing affordable housing for low income Orange County residents. <br /> NOW THEREFORE BE IT RESOLVED THAT the Board of Commissioners authorizes the Chair <br /> to execute all documents necessary to convey fee simple defeasible title to the County-owned <br /> parcel adjacent to 416 Faucette Mill Road, Hillsborough, NC, and having PIN 9865621043 being <br /> approximately 0.67 acres, consideration for said conveyance is the nonmonetary public purpose <br /> of providing affordable housing for low income residents of Orange County. The following set of <br /> conditions, covenants, and restrictions shall be incorporated in the deed given by the County to <br /> Habitat for Humanity: <br /> 1) The property may be used only for the erection and construction of affordable <br /> residential housing. <br /> 2) Said restriction shall be a covenant to run with the land. <br /> ADOPTED on this 3 day of 15. <br /> Earl McKee, Chair <br /> ATTEST: <br /> — uv'k <br /> Don a Baker, Clerk to the Board <br />