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Authorization of Land Purchase and Sale
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INFORMATION CONTACT:
Patrick Niland, County Manager’s Office, Deputy County Manager, 704-283-3630
ACTION REQUESTED:
Authorize the County Manager to 1) negotiate and execute an agreement substantially consistent with this agenda item, 2) exercise any renewal or extension term options set forth in the Agreement, and 3) terminate the Agreement if deemed in the best interest of the County, each in the County Manager's discretion, and 4) authorize the County Manager to execute all necessary documentation to effectuate said land transfers.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
Union County is purchasing approximately 1.386 acres of real property located in Fairview, currently owned by Fairview Fire and Rescue Association (the “Fire Department”), and identified as tax parcel number 08-189-030. The Town of Fairview has a reverter interest in an approximate 0.614-acre portion of the 1.386 acres, which states that in the event the property ceases to be used by the Fire Department, then the property shall revert to the Town of Fairview (“Reverter”). Contingent upon the conveyance of the 1.386 acres to the County by the Fire Department, the Town of Fairview will convey to the County 0.107 acres which is currently subject to the Reverter, free and clear of the Town of Fairview’s Reverter. As a result, the County will own 0.801 acres, more or less, free and clear of the Town of Fairview’s Reverter. The County will convey to the Town of Fairview 0.077 acres to be combined with the remaining 0.508 acres property that is subject to the Town of Fairview’s Reverter. As a result, the Town of Fairview will own 0.585 acres, more or less, to be combined with tax parcel number 08-189-031C.
FINANCIAL IMPACT:
The Town of Fairview will be paying the County $30,000 for the land purchase.