HomeMy WebLinkAboutRES-2019-053 Resolution to Exchange Property between the County and Holloways RES - 2019 - 053
ORANGE COUNTY
RESOLUTION TO EXCHANGE REAL PROPERTY
NORTH CAROLINA
WHEREAS , Orange County is the owner of that certain parcel of land situated adjacent
to 1010 US Highway 70 having PIN 9864397758 and an approximate value of $ 36 , 400 ; and
WHEREAS , Orange County is the owner of that certain parcel of land situated adjacent
to 520 Orange Heights Loop having PIN 9864398253 and an approximate value of $ 72 , 000 ,
and
WHEREAS , William and Donna Holloway are the owner of that certain parcel of land
situated at 1014 US Highway 70 having PIN 9864490515 and an approximate value of
$ 70 , 300 ; and
WHEREAS , the parties desire to exchange said parcels as follows .
A 1 , 827 square foot portion ( approximate value $ 763 ) of the County Parcel situated at
1010 US Highway 70 , Hillsborough , NC and having PIN 9864397758 being
approximately 1 . 6 acres prior to the exchange and approximately 3 . 022 acres after the
exchange .
A 129 , 632 square foot portion ( approximate value $ 24 , 052 ) of the County Parcel
located at the 520 Orange Heights Loop , Hillsborough , NC and having PIN
9864398253 , being approximately 8 . 879 acres prior to the exchange and approximately
5 . 912 acres after the exchange .
to be exchanged for
A 46 , 135 square foot portion ( approximate value $ 11 , 533 ) of the William and Donna
Holloway property located at 1014 US Highway 70 , Hillsborough , NC and having PIN
9864490515 , being approximately 6 . 395 before the exchange and approximately 8 . 354
after the exchange .
WHEREAS , the exchange is to be an even trade with other consideration being all due
diligence and transfer costs and fess pay by Orange County as well as $ 7 , 000 paid to the
Holloways for the re - alignment of a fence ; 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 th rpose of this Resolution
ADQPTE on this 3rd d of epte ber , 2019 .
i
AwlVut , A
Pen y Rich , Cha r
ATTEST .
Donna E aker , Clerk to the Board