HomeMy WebLinkAboutAgenda - 02-02-1999 - 8gORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date:
SUBJECT: Refund of Real Estate Excise Stamps
DEPARTMENT Register of Deeds
Action Agenda
Item No S-a
-------------------------
PUBLIC HEARING YES NO x
ATTACHMENT(S):
Register of Deeds Certification
General Warranty Deed
1
INFORMATION CONTACT Joyce Pearson
TELEPHONE NUMBER 732-8181, Ext 2676
Hillsborough 732-8181
Chapel Hill 968-4501
Mebane 227-2031
Durham 688-7331
PURPOSE: To consider approving a request for refund of real estate excise stamps paid pursuant
to the sale of real property.
Background: Mr. James C. Stanford has requested that the County reimburse Northen Blue,
L.L.P., Attorneys at Law, in the amount of $88.00 for real estate excise stamps paid in association
with the sale of Lot 4 Davie Woods Subdivision. Please see attached letter of explanation from Mr.
Stanford.
Recommendation(s): The Manager recommends that the Board approve the requested refund of
$88.00.
5~1'T BY
JOFfN A. N011f1161
J.1IMLLIAM SUIE, .lR.
DAVID Yl ROdGS, Si
GIAIYi! H_ TIYSAUT
CAl10l J. HOlCOYM
.Haves a STAN!'DIID
alenrt w. cAwloM
MARQAIIlT WARD MOUAWA~
1-22-99 11 06 Nor then Blue -+ 9196443018;# 21 2
NORTHEN BLUE, L.L.P.
A I.~trr~n lannriu.rnt Pnu1NER4HiP
ATT(HtNEyg AT LAw
100 E~apa Drive
Suite b50
HiU, Nord Carolina, 27514
MS. )ayes Pearson
Orange County Register of Deeds
200 S. Camtron Street
T3illsborough, NC 27278
Jamrary 22, 1999
MAIWIG ADDRESS:
P.D. SOx Y20f
CJ1A-d H1LL. NC Z7616.2~01
Tne.-~owe n+n e~siu~
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c~lAr~ nea<i~w 1 ADLCO~
VIA TELEFAX 644-301 S
AND FIRST-CLASS MAIL
RE: Request for Refund of improperly Tendered Excise Tu
Dad Rd'erence: Book 1x32 Poge Z41; Re-recorded Book 1857, Page 456
Dear Ms, Pearsan_
By this letter, t hereby respectfully request a refund of monies paid incorrectly to your
office at the time of the initial recording of the above-referenced deed. The following
representations are made to you from personal knowledge, as I was the scrivener of the
instrument in question and the settlement agent far all the transactions referatced below.
A mistake was made in that the dced indicated revenue stamps to be paid in the amount of
5438.00, which amount was in fact tendered to your o>'3xce at the time of the initial recording
(Book 1832, Page 241). In &ct, the purchase price of the property from which the excise tax is
calculated was 5175,000.00, resulting in an excise tax due of only 5350.00.
The mistake was made due to my modification and use of a deed that was already
rorrtaincd in my word processing software for property immediately adjacent (Lot 3, Davie
Woods Subdivision) to that conveyed in the decd in question (Lot 4, Davie Woods Subdivision).
In modifying that existing deed from the Lot 3 to Lot 4, I inadvertently failed to change the
revenue stamps shown to r+a8ect the correct amount of excise tax of 5350.00; rather, I collected
and paid to your office 5438.00 which was calculated based on the purchase price ofLot 3 (the
Lot 3 excise stamps have been previously tendered to your ofl"ice and are not in question).
Therefore, l respectfirUy request a refund of the diffa'ence between the amount acluslly
tendered (5438.00) and that which should have been collected and paid (5354.00); that amount is
588.04. Should you need additional information, please let me know. Tlrarilc you in advance for
your assistance in this matter.
SincereiY-
NORTHEN BLUE, LLp
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