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HomeMy WebLinkAboutAgenda - 09-17-2024; 8-b - Proposed Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: September 17, 2024 Action Agenda Item No. 8-b SUBJECT: Proposed Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough DEPARTMENT: Asset Management Services ATTACHMENT(S): INFORMATION CONTACT: 1. Offer to Purchase Alan Dorman, Asset Management 2. Location Map Services Director, 919-245-2627 3. Resolution Authorizing Sale through Upset Bid Process PURPOSE: To review the offer to purchase a County-owned 0.2-acre property, PIN #9863668263, in Hillsborough and approve a resolution authorizing the sale of the property through an upset bid process. BACKGROUND: The County owns a 0.2-acre property, PIN #9863668263, at the intersection of Lafayette Drive and Hardwood Drive in south Hillsborough that was acquired when the surrounding subdivision was approved and recorded in 1983 (see Attachment 2 for a map showing the property). The developer deeded the parcel to Orange County, but the lot was never reserved or dedicated as a public or private right-of-way. It was common practice in the 1990s to create these lots as "placeholders" if adjacent tracts were developed and connectivity was needed. While the current tax value is listed as $30,000, Orange County Tax Administrator Nancy Freeman states that "after adjusting this unbuildable lot down 95% for size and utility, it would have a value of $5,500 for 2025. This would seem to be a fair valuation for a property that only has value as assemblage with one of the three contiguous parcels." Thomas and Anthea Darling, who own property adjacent to the parcel, have submitted an offer to the County to purchase the property for $5,000 and have submitted the required 5% deposit. In accordance with North Carolina General Statute 160A-269, the County may receive, solicit, or negotiate an offer to purchase County property and advertise it for upset bid. As all offers for the purchase of County property must be presented to the Board of County Commissioners for consideration, Attachment 3 is a resolution authorizing the sale of the property through an upset bid process. Should the Board approve the offer for the sale of this property in this manner; a notice of sale will immediately be placed in a local paper and on the County's Purchasing web page. The notice shall contain a general description of the property, the amount and terms of the offer, and a notice that within ten days any person may raise the bid by not less than ten percent (10%) of the first one thousand dollars, and five percent (5%) of the remainder. When a bid is 2 raised, the bidder shall deposit with the County five percent (5%) of the increased bid, and the County shall re-advertise the offer at the increased bid amount for an additional ten days. This procedure shall be repeated until no further qualifying upset bids are received, at which time the Board may accept the offer and sell the property to the highest bidder. The final offer will be returned to the Board for consideration and approval. FINANCIAL IMPACT: The sale of this land will generate $5,000 in revenue, which the County can allocate as needed. ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals applicable to this item. RECOMMENDATION(S): The Manager recommends that the Board accept the offer to purchase a County-owned 0.2-acre property, PIN #9863668263, in Hillsborough, and approve and authorize the Chair to sign the resolution authorizing the sale of the property through an upside bid process. 3 STATE OF NORTH CAROLINA COUNTY OF ORANGE OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY This offer is being made as a negotiated offer, pursuant to N.C. Gen. Stat. 160A-269, and other applicable sections of the North Carolina General Statutes. The terms of the offer are as follows: 1. OFFER: The undersigned Offerror herby offers to purchase the property described below from Orange County for the price of$ 06) ( 1VE '�r H�sg AM ) 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, ORA tv 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 property taxes 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] Date: al ;?4 Initial: 4 OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY P. 2 This the C1,/ day of q cJN'j , 202-,( (if a corporate offeror) (if Individual) �y Name of Entity Offeror: (Print Name)—!/�O -:5; 0AM-1 JCS By: Offeror: &/a-- CrJz.�L Title: (Print Name)24,-�--h e cL Attest: Corporate Secretary(Affix Corporate Sea[) 9863668197 1n:,, 980761874 ui 9863764648 p 111161 98(13666558 S9$636685134 n;: 9863761528 ED co 98637C,1426 p 111101 9863,1603443 ;ni3O 91a tv ;V, SN PlOY100 __I 9863760355 98636468333 98637613C1 981330.57375 9863762372 10 a2,0f IJ9AC un„nc counrr 010 o„ 9863668236 It, All At SID 6501 A2 986366810 9863762171 98633760059 0863761069 9863668050 98636568119 1 ' 9863752M0 1 f 38 5r 9F§33657972 98' 75 X45 556365988 1 98637538 9863752845 Orange County d Ci S a7rL Of f I August 24, 2024 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 that the aforementioned public primary information sources should be consulted for verification of the information contained on this map. PIN: 9863668236 The county and its mapping companies assume no legal responsibility for the information on this map. OWNER 1: ORANGE COUNTY SIZE: 0.2A BUILDING COUNT: 1:600 OWNER 2: DEED REF: 1182/572 LAND VALUE: 0 0.005 0.01 0.02 mi ADDRESS 1: PO BOX 8181 RATECODE: 23 BLDG_VALUE: ADDRESS 2: TOWNSHIP HILLSBOROUGH USE VALUE: 0 0.0075 0.015 0.03 km CITY: HILLSBOROUGH BLDG SQFT: TOTAL VALUE: STATE, ZIP: NC 27278 YEAR BUILT: DATE SOLD: 11/16/1993 ORANGE COUNTY LEGAL DESC: W/S HARDWOOD DR(FUTURE PUBLIC RD) TAX STAMPS: 0 NORTH CAROLINA 7 RES-2024-050 Attachment 3 Resolution Authorizing Upset Bid Process for 0.2-acre plot, PIN #9863668263, Hillsborough, NC WHEREAS, Orange County owns certain property, 0.2 acres of land located at PIN #9863668263, Hillsborough, NC.; and WHEREAS, North Carolina General Statue 160A-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$5,000 submitted by Mr. Thomas Darling and Ms. Anthea Darling; and WHEREAS the offerors have paid the required five percent (5%) deposit on the 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 may be 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 131 West Margaret Lane, 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. 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 closing. 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 8. The County reserves the right to withdraw the property from sale at any time before the final high bid is accepted and the right to reject 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. Darling and Ms. Darling. This, the 17th day of September, 2024. Jamezetta Bedford, Chair Orange County Board of Commissioners