HomeMy WebLinkAboutRES-2015-007 Resolution to Exchange Real Property PAW 3 3 -aa6s
RES-2015-007 7 C-
ORANGE COUNTY
RESOLUTION TO EXCHANGE REAL PROPERTY
NORTH CAROLINA
WHEREAS, Orange County is the owner of that certain parcel of land situated adjacent
to 416 Faucette Mill Road having PIN 9865621043 and an assessed value of$25,562; and
WHEREAS, Altervue, LLC is the owner of that certain parcel of land situated at 416
Faucette Mill Road having PIN 9865529132 and an assessed value of$87,932; and
WHEREAS, the parties desire to exchange said parcels as follows:
A 143 square foot portion of the Altervue, LLC Parcel situated at 416 Faucette Mill
Road, Hillsborough, NC, and having PIN 9865529132 being approximately 0.27 acres
prior to the exchange and approximately 0.4 acres after the exchange
to be exchanged for
A 6,633 square foot portion of the County Parcel adjacent to Faucette Mill Road,
Hillsborough, NC, and having PIN 9865621043 being approximately 0.8 acres prior to
the exchange and approximately 0.67 acres after the exchange.
WHEREAS, the exchange is to be an even trade with the sole other consideration
being all due diligence and transfer costs and fees to be paid by Altervue, LLC; and,
WHEREAS, the County has properly advertised by Public Notice its intent to exchange
said real property, and has complied with all statutory requirements to accomplish the same.
NOW THEREFORE, BE IT RESOLVED, the properties are exchanged as shown above
and the Chair is authorized to execute any and all documents and take whatever action is
necessary to accomplish the purpose of this Resolution
ADOPTED on this--:�day of 15.
Earl McKee, Chair
ATTEST:
Donn B-aWr,-CleW to the Board