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Consider Accepting the Offer to Purchase County Owned Property
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INFORMATION CONTACT:
Brian Matthews, County Manager, 704-292-2597
ACTION REQUESTED:
(1) The first option is to reject the current bid;
(2) If the Board does not wish to reject the current bid, then the Board additionally has the following options:
a. Authorize additional upset bid periods; or
b. Accept $50,000 for the sale of the Reverter interest in parcel #09-366-006 and (i) authorize the sale of the real property, in accordance with the Board's "Resolution Authorizing the Use of the Upset Bid Process for the Sale of a Future Interest in Certain Real Property," dated October 7, 2024, to the final highest responsive, responsible bidder, Union Academy, in the amount of $50,000; and (ii) authorize the County Manager to negotiate and execute any documentation necessary to effectuate such sale.
PRIOR BOARD ACTIONS:
1) October 7, 2024, Regular Meeting, Agenda item # 24-686 - Resolution authorizing Upset Bid Process for a Future Interest Certain Real Property adopted by the Board.
2) November 4, 2024, Regular Meeting, Agenda item # 24-767 - 1) Board authorized an additional upset bid period for disposal of this real property and 2) directed the Clerk to advertise a new upset bid period in accordance with NCGS 160A-269.
BACKGROUND:
Union County currently owns a future, executory interest in approximately 8.15 acres of real property on Old Charlotte Hwy in Monroe, North Carolina, identified as Tax Map #09-366-006 ("Reverter"). Union Academy currently holds a fee simple interest to this property, subject to Union County's Reverter. The County currently does not actively use the property for any governmental functions. The Reverter interest does not vest unless the earliest of the following events occurs: Union Academy's charter is terminated or not renewed for any reason, or Union Academy ceases to occupy said property. County staff desires for the Board to consider the sale of the Revert...
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