Loading...
HomeMy WebLinkAboutAgenda - 10-18-2011 - 8aORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: October 18, 2011 Action Agenda Item No. 8 -GZ SUBJECT: Property Divestiture: 112 and 118 N. Churton Street, Hillsborough DEPARTMENT: Asset Management Services PUBLIC HEARING: (YIN) No (AMS) and Financial Services ATTACHMENT(S): Resolution INFORMATION CONTACT: Pam Jones, AMS, (919) 245-2652 David Cannell, Financial Services, (919) 245-2651 PURPOSE: To consider divestiture options regarding two surplus properties owned by Orange County at 112 N. Churton Street (Clerk of Court Annex -PIN # 9874065497-TMBL# 4.30.6.12) and 118 N. Churton Street (Graham Building -PIN # 9874066435-TMBL# 4.30.8.11), Hillsborough. BACKGROUND: In April 2009 the Board of Commissioners declared several properties surplus and instructed staff to pursue divestiture. Properties at 112 and 118 N. Churton Street were among those declared surplus and minimum bids of $450,000 and $130,000 respectively were established. On November 5, 2009 staff presented the bid results for properties previously approved for divestiture. The Board of Commissioners requested historic preservation easements be placed on the two Churton Street properties. The $465,500 bid for 112 N. Churton Street (Clerk of Court Annex) and the $159,500 bid for 118 N. Churton Street (Graham Building) were rejected. Since that time, staff has made multiple attempts to re-bid the property, using a contract negotiated with the North Carolina Preservation Foundation that would protect the property from future demolition under a historic preservation easement. As a reminder, the Foundation's fees for administering this easement would be $7,000 for 112 N. Churton and $3,000 for 118 N. Churton Street. These fees would be paid directly by the successful bidders at closing. Bids were received for 118 N. Churton Street, but later withdrawn. No bids were received for 112 N. Churton Street during this round of solicitation. The County has not identified any long-term needs for which these properties would be suitable and still desires to effect a sale. Staff recommends that the Board consider one of the following disposal options and direct staff to proceed with remarketing the property using minimum bids as cited previously. Option 1: Terms of bid would include a requirement for the buyer to enter into an agreement with NC Preservation Foundation. Terms of the NC Preservation Foundation agreement would require approval of the Foundation for any exterior changes to the building, but would essentially cause the buildings to remain as they stand. Changes to interior portions of the building would be as mutually agreed between the NC Preservation Foundation and the new owner. This would allow greater flexibility of interior modifications, which was previously voiced as a primary concern from potential buyers. The cost of administration of this agreement by the NC Preservation Foundation would remain $7,000 for 112 N. Churton and $3,000 for 118 N. Churton. Option 2: NC Preservation Foundation would purchase the facilities at a negotiated price and would resell the facilities. Option 3: By approval of the attached Resolution, the County would request that the Town of Hillsborough accept a preservation easement that would give the authority to delay demolition indefinitely for the facilities. It is expected the Town would grant authority for the enforcement of the easement to the Hillsborough Historic District Commission. This would effectively fill a gap in the existing regulations by which a property owner could potentially remove the buildings. FINANCIAL IMPACT: No financial impact will be realized until such time proceeds from sale of these properties is realized. RECOMMENDATION(S): The Manager recommends that the Board: 1) Approve the attached Resolution requesting the Town of Hillsborough accept a preservation easement for properties at 112 and 118 N. Churton Street, which would indefinitely delay the removal of the buildings by future owners; and 2) Authorize the County Attorney to work in concert with the Town Attorney to craft the easement; and 3) Authorize staff to begin the bidding process for divestiture of these properties, with the established minimum bid limits of $450,000 for 112 N. Churton Street and $130,000 for 118 N. Churton Street, as soon as the Town has accepted the preservation easement. R~.v - aol I - o~~- 3 ORANGE COUNTY BOARD OF COMMISSIONERS RESOLUTION REGARDING THE LONG TERM PRESERVATION OF PROPERTIES AT 112 AND 118 NORTH CHURTON STREET, HILLSBOROUGH, NORTH CAROLINA WHEREAS, Orange County owns the properties at 112 N. Churton Street, Hillsborough, NC (PIN # 9874065497-TMBL# 4.30.B.12) and 118 North Churton Street, Hillsborough, NC (PIN # 9874066435- TMBL# 4.30.B.11; and WHEREAS, the Orange County Board of Commissioners has identified no long-term use for the properties for County business and desire to offer the properties for sale pursuant to General Statutes; and WHEREAS, the Orange County Board of Commissioners desires to ensure the properties are maintained by future owners in a manner that will preserve their historic significance to the community; and WHEREAS, the Town of Hillsborough through its Historic District Commission has the authority to ensure historic properties are preserved in such manner; THEREFORE, THE ORANGE COUNTY BOARD OF COMMISS{ONERS REQUESTS THAT THE TOWN OF HILLSBOROUGH BOARD OF COMMISSIONERS: 1) Accept a preservation easement that protects the historical integrity of properties at 112 N. Churton Street and 118 N. Churton Street, Hillsborough NC and indefinitely delays demolition of the facilities; and 2) Authorize the Town. Attorney to develop a suitable easement in concert with the Orange County Attorney for final approval by the Town Commissioners; said easement to be recorded with the Orange County Register of Deeds and attached to the properties in perpetuity. Adopted this 18t" day of October, 2011. Bernadette Pelissier, Chair Orange County Board of Commissioners Attest: Donna Baker, Clerk to the Board of Commissioners