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HomeMy WebLinkAboutAgenda - 11-07-2024; 8-l - Approval of the Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough 1 ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: November 7, 2024 Action Agenda Item No. 8-1 SUBJECT: Approval of the Sale of 0.2 Acre Property, PIN #9863668236, in Hillsborough DEPARTMENT: Asset Management Services ATTACHMENT(S): INFORMATION CONTACT: 1. Property Map Showing Location and Connor Wilkins, Asset Management Tax Value Services Assistant Director, 919-245- 2. Thomas and Anthea Darling Offer to 2689 Purchase Alan Dorman, Asset Management 3. September 17, 2024 Approved Services Director, 919-245-2627 Resolution Authorizing the Sale by Upset Bid Process for Property, PIN #9863668236 PURPOSE: To approve the sale of a 0.2-acre County-owned property, PIN #9863668236, located in Hillsborough. 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 1 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 property's 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 an 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 (Attachment 2). At its September 17, 2024 Business meeting, the Board approved a resolution authorizing the sale of the property through an upset bid process (Attachment 3). The upset bidding process was issued shortly afterward; however, no other bids were received for the property, making the initial offer of$5,000 by Thomas and Anthea Darling the highest bid. In accordance with North Carolina General Statute 160A-269, the final offer for the sale of the property must be presented to the Board of Commissioners for consideration and approval. 2 FINANCIAL IMPACT: The sale of this land will convert a non-productive capital asset into $5,000 that may be reallocated to other County needs. ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals applicable to this item. RECOMMENDATION(S): The Manager recommends that the Board: 1) Approve the sale of 0.2 acres of land, PIN #9863668236, located in the Hillsborough Township, in accordance with North Carolina General Statute 160A-269; and 2) Instruct the County Attorney's office to transfer the property to Thomas and Anthea Darling. Orange County i l O }} . r � �A y L t r. � � f August 24, 2024 This map contains parcels prepared for the inventory of real property within Orange County,and is compiled from recorded deed, plats,and other public records and data. Users of this map are hereby notified that the aforementioned public primary information sources should be consulted for verification of the information contained on this map. PIN: 9863668236 The county and its mapping companies assume no legal responsibility for the information on this map. OWNER 1: ORANGE COUNTY SIZE: 0.2A BUILDING COUNT: 1:600 OWNER 2: DEED REF: 1182/572 LAND VALUE: 0 0.005 0.01 0.02 mi ADDRESS 1: PO BOX 8181 RATECODE: 23 BLDG_VALUE: ADDRESS 2: TOWNSHIP HILLSBOROUGH USE VALUE: 0 0.0075 0.015 0.03 km CITY: HILLSBOROUGH BLDG SQFT: TOTAL VALUE: �. STATE, ZIP: NC 27278 YEAR BUILT: DATE SOLD: 11/16/1993 ORANGE COUNTY LEGAL DESC: W/S HARDWOOD DR(FUTURE PUBLIC RD) TAX STAMPS: 0 NORTH CAROLINA 4 STATE OF NORTH CAROLINA COUNTY OF ORANGE OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY This offer is being made as a negotiated offer, pursuant to N.C. Gen. Stat. 160A-269, and other applicable sections of the North Carolina General Statutes. The terms of the offer are as follows: 1. OFFER: The undersigned Offerror herby offers to purchase the property described below from Orange County for the price of$ 006) ( 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, 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: 5 OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY P. 2 This the C1,/ day of 202-,( (If a corporate offeror) (If Individual) �y Name of Entity Offeror: (Print Name)-!/�O -:5; 0A 1 JCS By: Offeror: &/a-- CrJz.�L Title: (Print Name)24,-�--h e cL Attest: Corporate Secretary(Affix Corporate Sea[) 9863668197 If",4 980761874 ui 98637641A8 98(13666558 S 98C,3761528 ED co 98637C,1426 p 111101 986NA443 N tv PlOY100 9863760355 • 98636468333 98637613Cl 981330.57375 9863762372 10 IJ9AC 98C,3668236 It,All At SID and A2 986366810 9863762171 \ \ 98633760059 9m,613,8056 98CI36568119 1 '0 9863752M 9F0336,57972 98' 75 45 %6365988 mw2 9863752845 7 RES-2024-050 1'1 I°d.� j -� 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 offerto 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: 8 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 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. Ja ezetta dford, Chair Orange County Board of Commissioners