HomeMy WebLinkAboutRES-2010-067 Resolution Authorizing Sale of Property - Graham Building Property t, ES - aoio - c)cP-
Resolution Authorizing Sale of Property
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WHEREAS, Orange County owns the following property: Graham Building, 118 North Churton Street,
Hillsborough—PIN # 9874065497 and;
WHEREAS, North Carolina General Statute § 160A-269 permits the County to sell property by upset
bid, after receipt of an offer for the property; and
WHEREAS, the County has received an offer to purchase the referenced properties as described
below:
Group Submitting Highest Amount of
Building Name Bid Highest bid
Graham Building, Hillsborough Robbin Taylor-Hall $180,028.40
WHEREAS, the bidders have paid the required five percent (5%) deposit on their offer;
THEREFORE, THE ORANGE COUNTY BOARD OF COMMISSIONERS RESOLVES THAT:
1. The Board of County Commissioners authorizes sale of Graham Building, Hillsborough to Robbin
Taylor-Hall for$180,028.40.
2. The terms of the final sale are that
— the Board of County Commissioners approve the sale of the Graham Building, Hillsborough
to Robbin Taylor-Hall, and
— the buyer must pay with cash at the time of closing.
3. The County reserves the right to withdraw the property from sale at any time before the final high
bid is accepted; and to reject all bids at any time.
Adopted September 2, 2010