My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2023 - 17 RESOLUTION - Authorizing the Sale of Property Located at 192 Tabitha Lane, Sanford, North Carolina - 5-19-2023
public access
>
Clerk
>
RESOLUTIONS-PROCLAMATIONS
>
2023
>
2023 - 17 RESOLUTION - Authorizing the Sale of Property Located at 192 Tabitha Lane, Sanford, North Carolina - 5-19-2023
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/14/2023 10:24:23 AM
Creation date
6/14/2023 9:24:24 AM
Metadata
Fields
Template:
Admin-Clerk
Document Type
Resolution
Committee
Board of Commissioners
Date
5/19/2023
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
EXHIBIT A <br /> RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY <br /> LOCATED AT 192 TABITHA LANE, SANFORD, NORTH CAROLINA <br /> WHEREAS, the County of Lee ("County")owns a certain approximately twenty-one <br /> (21)acre parcel located at 192 Tabitha Lane, Lee County,North Carolina (the "Property"), as <br /> shown on a deed recorded in Deed Book 1546, Page 0455, in the office of the Register of Deeds <br /> for Lee County, to which reference is hereby made for a more complete legal description; <br /> WHEREAS,the Property was purchased by the County pursuant to an economic <br /> development incentive project known as Project Forge, later announced as Bharat Forge <br /> Aluminum USA, Inc.; <br /> WHEREAS, the economic development project was a joint venture between the County <br /> and the City of Sanford ("City"), by which the County purchased an approximately ninety-nine <br /> (99)acre tract of land located on Colon Road in Sanford, NC. The County retained the <br /> approximately twenty-one (2 1)acre Property; <br /> WHEREAS, pursuant to an Interlocal Agreement entered into on or about October 1, <br /> 2019, the County contributed seven hundred thousand dollars ($700,000.00) to the City for <br /> payment or reimbursement of site preparation including but not limited to acquisition of road <br /> right-of-way, clearing, grading,and preparation of a site pad. During site preparation, City <br /> representatives relocated soil materials from one area of the property to another. Encountering <br /> and staging these soils was outside of the scope of the Interlocal Agreement; <br /> WHEREAS, in order to settle a dispute between the County and the City relating to the <br /> actions referenced herein, both parties have agreed that the City will purchase the Property from <br /> the County in an "as is where is"condition for four hundred twenty-five thousand dollars <br /> ($425,000.00) pursuant to a mutual release of all claims and settlement agreement; <br /> WHEREAS, pursuant to North Carolina General Statutes §§ 153A-176 and 160A-274, <br /> local governments can convey property to other local governments by adopting a resolution <br /> agreeing to the conveyance; and <br /> WHEREAS, the County proposes to dispose of the Property as it is surplus to the <br /> County's needs and the City agrees to purchase the Property for the sum of four hundred twenty- <br /> five thousand dollars ($425,000.00). <br /> NOW, THEREFORE, BE IT RESOLVED by the Sanford City Council-as,follows:r <br /> 1. The City shall purchase the Property from the County for$425,000.00. 'The purchase <br /> shall be to settle any and all disputes and claims related to the Property among the two <br /> governments pursuant to the Mutual Release of All Claims and Settlement Agreement; <br /> and <br /> I of 2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.