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Consider Acquisition of Real Property
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INFORMATION CONTACT:
Patrick Niland, County Manager’s Office, Deputy County Manager, 704-283-3630
ACTION REQUESTED:
1) Authorize the acquisition of a fee simple interest in approximately 38.35 acres of certain property (Union County Tax Parcels 09-012-003C, 09-012-010B, and 09-012-010D), subject to all easements, right of ways, and other restrictions of record from Luanne Barbee for use as an industrial park; 2) Authorize the County Manager to a) negotiate and execute any documentation and agreement substantially consistent with this agenda item and necessary to effectuate such acquisition, b) exercise any extension term options set forth in the Agreement, and c) terminate the Agreement if deemed in the best interest of the County, each in the County Manager’s discretion; 3) Approve Budget Amendment # 18; and 4) Approve a temporary Interfund Loan from the General Fund to the Economic Development Budgetary Fund for cashflow purposes.
PRIOR BOARD ACTIONS:
March 16, 2026, Regular Meeting, Agenda Item # 26-149 - Public Hearing Conducted on acquisition of real property.
BACKGROUND:
The County desires to acquire a fee simple interest in approximately 38.35 acres of property located north of Austin Chaney Road and south of McIntyre Road, near the Monroe Expressway in Union County (Union County Tax Parcels 09-012-003C, 09-012-010B, and 09-012-010D) currently owned by Luanne Barbee. The purpose of this acquisition is for the development of the Wingate industrial park pursuant to N.C.G.S. § 158-7.1. This acquisition will be funded by proceeds from a land sale within the Piedmont Industrial Park that are withheld in the County’s Economic Development Budgetary Fund.
FINANCIAL IMPACT:
The purchase price is $2,000,000 plus associated closing costs.