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Home My WebLink AboutAgenda - 11-01-2022; 8-f - Approval of Sale of Orange County Property - PIN #9885833971, Hillsborough, NC 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 1, 2022 Action Agenda Item No. 8-f SUBJECT: Approval of Sale of Orange County Property - PIN #9885833971, Hillsborough, NC DEPARTMENT: Asset Management Services ATTACHMENT(S): INFORMATION CONTACT: 1. Map Showing Location and Travis Myren, Deputy County Manager, Configuration of Property 919-245-2308 2. 9/6/22 Resolution Authorizing the Steven Arndt, Asset Management Sale and Upset Bid Process for 0.27 Services Director, 919-245-2658 Acre Property, GIS PIN #9885833971, Hillsborough, NC 3. 5/24/22 Ricca Offer for the Purchase and Sale of Property PURPOSE: To consider approval of the sale of a County-owned 0.27 acre property, GIS PIN #9885833971, Hillsborough, NC. BACKGROUND: The County owns a 0.27 acre property, GIS PIN #9885833971, in Hillsborough, NC. The property is comprised of a narrow slice of land that is of little value to the County (Attachment 1 - Map of Property). The Orange County Tax Administration Office has valued the land at $3,800. At the September 6, 2022 Business meeting, the Board approved a resolution authorizing the sale of the property through an upset bid process (Attachment#2). The upset bidding process ensued shortly afterwards; however, no other bids were received for the property. Daniel and Jean Ricca provided the initial, uncontested bid of $4,000 for the property on May 24, 2022 (Attachment #3). In accordance with North Carolina General Statute 160A-269, the final offer for the sale of the property must be presented to the Board for consideration and approval. FINANCIAL IMPACT: The property consists of a narrow slice of vacant, unproductive land, of no strategic value to the County. Sale of the 0.27 acre property will convert a non-productive capital asset into $4,000 that may be re-allocated to other County needs. SOCIAL JUSTICE IMPACT: There are no Orange County Social Justice Goal impacts associated with this item. ENVIRONMENTAL IMPACT: There are no Orange County Environmental Responsibility Goal impacts associated with this item. RECOMMENDATION(S): The Manager recommends that the Board: 2 1) Approve the sale of the 0.27 acre property, GIS PIN #9885833971, Hillsborough, NC to Daniel and Jean Ricca for $4,000; and 2) Direct the County Attorney's Office to oversee the transfer of the property to Daniel and Jean Ricca. Orange County 3 5.40A P11 7/1 1.12A -- ---�- 1 -- -------- ----r- '� 1 s D3 �,. P`11711 .��, 1B ag.n3� C; 17 P901123 {' 1.01 A 1 , N ic .2 ,ebb 1 .01A 1.33,E 2.1 1.19A 25 2 CP r 1.01A 1 .8A Tr , 1.213,4 CP 34.2 L9 4 June 27, 2019 This map contains parcels prepared forthe inventory of real property within Orange County,and is compiled from recorded deed, plats,and other public records and data. Users of this map are hereby notified thatthe aforementioned public primary information sources should be consulted for verification of the information contained on this map. PIN: 9885833971 The county and its mapping companies assume no legal responsibility for the information on this map. OWNER 1: ORANGE COUNTY SIZE: 0.27A BUILDING COUNT: 1:2,400 OWNER 2: DEED REF: 1446/400 LAND VALUE: $3,800 0 0.02 0.04 0.08 mi ADDRESS 1: PO BOX 8181 RATECODE: 09 BLDG_VALUE: $0 11 ADDRESS 2: C/O ASSET MGMT &PURCHASIN(T(3 %HIP ENO USE VALUE: $0 0 0.0325 0.065 0.13 km CITY: HILLSBOROUGH BLDG SQFT: 0 TOTAL VALUE: $3,800 STATE, ZIP: NC 27278 YEAR BUILT: DATE SOLD: 3/21/1996 ORANGECOUNTY LEGAL DESC: STUBOUT FOR FUTURE RD EXT TAX STAMPS: 0 NORTH CAROLINA, 4 RES-2022-048 �f,G(I3 Attachment 2 Resolution Authorizing Upset Bid Process for 0.27 acre plot, GIs Pin#965833971, Hillsborough, NC WHEREAS, Orange County owns certain property, 0.27 acres of land located at GIS Pin# 985833971, Chapel Hill, NC; and WHEREAS, North Carolina General Statue 760A-269 permits the County to sell property by upset bid, after receipt of an offer for the property; and WHEREAS, Orange County has received an offer to purchase the property described above, in the amount of$4,000 submitted by Dan and Jean Ricca, owners of adjacent property located at 200 Dumont, Hillsborough, NC; and WHEREAS Mr. Ricca has paid the required five percent (5%) deposit on its offer; THEREFORE, we,the Orange County Board of County Commissioners resolve that: 1. The Orange County Board of County Commissioners authorizes the sale of the property described above through the upset bid procedure of North Carolina General Statute 160A-269. 2. The Orange County Purchasing Agent shall cause a notice of the proposed sale to be published. The notice shall describe the property and the amount of the offer, and shall state the terms under which the offer maybe upset. 3. Persons wishing to upset the offer that has been received shall submit a sealed bid with their offer to the office of the Purchasing Agent, located at 405 Meadowlands Drive, Hillsborough, NC, within 10 days after the notice of sale is published. At the conclusion of the ten day period,the Purchasing Agent shall open the bids, if any, and the highest such bid will become the new offer. If there is more than one bid in the highest amount, the first such bid received will become the new offer.. 4. If a qualifying higher bid is received,the Purchasing Agent shall cause a new notice of the upset bid to be published, and shall continue to do so until a 10—day period has passed without any qualifying upset bids having been received. At that time, the amount of the final high bid shall be reported to the Orange County Board of County Commissioners. 5. A qualifying higher bid is one that raises the existing offer by not less than ten percent (10%) of the first $1,000 of that offer and five percent (5%) of the remainder of that offer. 5 6. A qualifying higher bid must also be accompanied by a deposit in the amount of five percent (5%)of the bid; the deposit may be made in cash, cashier's check, or certified check. The County will return the deposit on any bid not accepted, and will return the deposit on an offer subject to upset if a qualifying higher bid is received. The County will return the deposit of the final high bidder at dosing. 7. The terms of the final sale are that: - The County must approve the final high offer before the sale is closed, which it will do within 30 days after the final upset bid period has passed, and - The buyer must pay with cash at the time of the closing. 8. The County reserves the right to withdraw the property from sale at anytime before the final high bid is accepted and the right to refect at any time all bids. 9. If no qualifying upset bid is received after the initial public notice, the offer set forth above is hereby accepted. The County Manager is authorized to execute the instruments necessary to convey the property to Mr. Rica, 200 Dumont Drive, Hillsborough, NC. This 6th day of September, 2022 Renee Price, Chair Orange County Board of Commissioners 0%% * e f /Laura Jensen 52 Clerk to the Board 17 Orq �� 6 STATE OF NORTH CAROLINA COUNTY OF ORANGE OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY This offer is being made as a negotiated offer, pursuant to N.C.Gen.Stat. 160A-269,and other applicable sections of the North Carolina General Statutes. The terms of the offer are as follows: 1. OFFER: The undersigned Offerror herby offers to purchase the property described below from Orange County for the price of$L o oo,QU ) 2. PROPERTY: The property upon which an offer is being made is that certain lot of parcel of land including all improvements thereon, situated in Hillsborough Township, Hillsborough, North Carolina, 6YAh Crr✓�� h1 f� q� � �"$33g71 <,e 3. "AS IS" CONDITION; TITLE: The Offeror acknowledges that this offer is for the purchase of the property described above in its"as is"condition. Title will be conveyed by special warranty deed, free and clear of all liens or encumbrances. 4. DEPOSIT: With this offer the undersigned has deposited 5%of the proposed purchase price with the county as required by law(refundable if the offer is not accepted). 5. PROPERTY TAX: It is understood that the property is currently tax exempt, but that pursuant to N.C. Gen. Stat. 105-29(d)the property may become taxable for the fiscal year beginning July of the calendar year in which it is acquired,in which case,the propertytaxes will be the responsibility of the Offeror. 6. UPSET BID PROCEDURE: It is understood that the this offer is subject to upset bid procedures pursuant to N.C. Gen. Stat. 160A-269, and that no final action will be taken on acceptance of this offer until the upset period has expired. It is also understood that by law, the County Board of Commissioners may reject this offer and any upset bid offers at any time. 7. ADVERTISING COSTS: Upon closing, the Offeror agrees to reimburse the advertising fees for all legal notice required under N.C. Gen. Stat. 160A-269. 8. WITHDRAWAL: The County reserves the right to withdraw the property from sale at any time before the bid or any upset bids are accepted. [Signature Page to Follow] I Date: Zy ZZ Initial: 2_ I s I� I 7 OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY P. 2 This the day of 20 2� (If a corporate Offeror) (If Individual) Name of Entity Offeror: (Print Name) LOD By: Offeror: 19— P111C C(i— Title: (Print Name)L)TE'uo L 2 CCc, Attest: Corporate Secretary(Affix Corporate Seal) Orange County $ -4/ 1 s i \A\ •`�'' fr'! '^+.r^`'�� °tib, ��.,.,.^ /.f ��'- \ a May 24, 2022 This map contains parcels prepared for the inventory of real property within Orange County,and is compiled from recorded deed,plats,and other public records and data. Users of this map are hereby notified thatthe aforementioned public primary information sources should be consulted for verification of the information contained on this map. Pff 9885833971 The county and its mapping companies assume no legal responsibility for the information on this map. OWNER 1: ORANGE COUNTY SIZE: 0.27A BUILDING COUNT: 1:2,400 OWNER 2: DEED REF: 1446/400 LAND VALUE: $3,800 0 0.02 0.04 0.08 mi ADDRESS 1: PO BOX 8181 RATECODE: 09 BLDG VALUE: $0 IRI�Yi ADDRESS 2: C/O ASSET MGMT &PURCHASIN(3-($% HIP ENO USE VALUE: $0 0 0.0325 0.065 0.13 km CITY: HILLSBOROUGH BLDG SQFT. TOTALVALUE: $3,800 STATE,ZIP: NC 27278 YEAR BUILT: DATE SOLD: 3/21/1996 TAX STAMPS: 0 ORANGE COUNTY ' Nt.,�w��H t—ILR AIAN LEGAL DESC: STUBOUT FOR FUTURE RD EXT �