HomeMy WebLinkAboutAgenda - 01-21-2025 ; 8-k - Proposed Sale of 0.26 Acre Property, PIN #9862246076, Hillsborough, NC 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: January 21, 2025
Action Agenda
Item No. 8-k
SUBJECT: Proposed Sale of 0.26 Acre Property, PIN #9862246076, Hillsborough, NC
DEPARTMENT: Asset Management Services
ATTACHMENT(S): INFORMATION CONTACT:
1. GIS Map of Parcel Connor Wilkins, Asset Management
2. Ravi and Rosemary Kumar's Offer to Services Assistant Director, 919-245-
Purchase 2689
3. Resolution Authorizing the Sale and Alan Dorman, Asset Management
Upset Bid Process for 0.26 Acre Services Director, 919-245-2627
Property, PIN #9862246076
PURPOSE: To approve the sale of a County-owned 0.26 acre property, PIN #9862246076, in
Hillsborough, NC, and approve a resolution authorizing the sale of the property through a
negotiated offer, advertisement, and upset bid process.
BACKGROUND: The County owns a 0.26 acre property, PIN# 9862246076, located on New
Hope Springs Drive off Davis Road south of Hillsborough. The property is comprised of a narrow
slice of land of little value to the County (Attachment 1). The Orange County Tax Administration
Office has valued the land between $4,000 and $8,400. Ravi and Rosemary Kumar, adjacent
neighbors, approached the County with an offer to purchase for $4,500 (Attachment 2), and have
submitted the proper documents and certified check for $225.
When this property was originally created, the developer deeded the fee simple ownership to
Orange County and PINs were assigned. This lot was never reserved or dedicated as a public or
private right-of-way. It was common practice to create these lots as a "place holders" in the event
that adjacent tracts were developed and connectivity was needed.
In accordance with North Carolina General Statute 160A-269, public property may be sold through
a negotiated offer, advertisement, and upset bid process. 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 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 (10) days. This procedure
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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 brought back to
the Board for consideration and approval.
FINANCIAL IMPACT: Sale of this land will convert a non-productive capital asset into at least
$4,500 that may be re-allocated to other County needs.
ALIGNMENT WITH STRATEGIC PLAN: There are no Orange County Strategic Plan Goals
applicable to this item.
RECOMMENDATION(S): The Manager recommends that the Board:
1) Approve the sale of the 0.26 acres of land, PIN #9862246076, Hillsborough, NC through a
negotiated offer, advertisement, and upset bid process, in accordance with North Carolina
General Statute 160A-269; and
2) Review the offer to purchase the property and approve and authorize the Chair to sign the
resolution authorizing the sale through this process.
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December 18, 2024his map contains parcels prepared for the inventory of real property within Orange County,and is compiled from recorded deed,plats,and other public records and data.
Users of this map are hereby notified that the aforementioned public primary information sources should be consulted for verification of the information contained on this map.
PIN: 9862246076 The county and its mapping companies assume no legal responsibility for the information on this map.
OWNER 1: ORANGE COUNTY SIZE: 0.26A BUILDING COUNT: 1:904
OWNER 2: DEED REF: 2779/237 LAND VALUE: 0 0.0075 0.015 0.03 mi
ADDRESS 1: PO BOX 8181 RATECODE: 10 BLDG_VALUE:
ADDRESS 2: TOWNSHIP CHAPEL HILL USE VALUE: 0 0.01 0.02 0.04 km
CITY: HILLSBOROUGH BLDG SQFT: TOTAL VALUE:
STATE, ZIP: NC 27278 YEAR BUILT: DATE SOLD: 11/06/2002 ORANGE COUNTY
LEGAL DESC: #E1 PUBLIC RD EASEMENT P81/122 TAX STAMPS: 0 NORTH CAROLINA
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STATE OF NORTH CAROLINA
COUNTY OF ORANGE
OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY
This offer is being made as a negotiated offer,pursuant to N.C.Gen.Stat. 160A-269,and other applicable
sections of the North Carolina General Statutes. The terms of the offer are as follows:
1. OFFER: The undersigned Offerror herby offers to purchase the property described below from
Orange County for the price of$ 4,500 (Four thousand five hundred dollars)
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 Chapel Hill Township, Hillsborough, North
Carolina,
Orange County Lot 9862246076-E1 PUBLIC RD EASEMENT P81/12
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: 12/11/24
Initial:RRK,RJK
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OFFER TO PURCHASE ORANGE COUNTY REAL PROPERTY
P. 2
This the day of December J 2p 24.
(if a corporate Offeror) (If Individual
Name of Entity
Offeror: y �'
(Print Name)Ravi Kumar
By:
Off or:
Title:
(Print Name)Rosemary K mar
Attest:
Corporate Secretary(Affix Corporate Seal)
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RES-2025-007
Attachment 3
Resolution Authorizing Upset Bid Process for 0.26 Acre Plot, GIS PIN #9862246076,
Hillsborough, NC
WHEREAS, Orange County owns certain property, 0.26 acres of land located at GIS PIN
#9862246076, Hillsborough, NC; and
WHEREAS, North Carolina General Statute 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 $4,500 submitted by Ravi and Rosemary Kumar, owners of adjacent property
located at 1501 Valley Creek Drive, Hillsborough, NC; and
WHEREAS.. Mr. and Mrs. Kumar 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 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.
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
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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. 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
will be presented to the Board for final acceptance and the County Manager will be
authorized to execute the instruments necessary to convey the property to Mr. and Mrs.
Kumar, 1501 Valley Creek Drive, Hillsborough, NC.
This 21St day of January, 2025.
Jamezetta Bedford, Chair
Orange County Board of Commissioners
Laura Jensen
Clerk to the Board