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Public Hearing - 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:
Conduct public hearing to consider the acquisition of 38.35 acres located in Union County for an industrial park.
PRIOR BOARD ACTIONS:
None.
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 what is currently called the Wingate Industrial Park pursuant to N.C.G.S. § 158-7.1. This 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 fees.