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Authorize the Sale of Public Housing Property at 605 Oak Avenue.
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Staff:
Department:
Loryn Clark, Executive Director
Housing and Community
Faith M. Brodie, Director
Public Housing
Overview: The Town received an offer of $21,000 to purchase a small portion of Town property located at 605 Oak Avenue in Carrboro, North Carolina to make improvements to their home. This property is a part of the Oakwood Public Housing community.
Recommendation(s):
That the Council review the offer and authorize sale of Property as described through the procedure of North Carolina General Statute ? 160A-269.
Background and Discussion:
* The homeowner of 612 N. Greensboro Street, Carrboro wishes to purchase 1/10th of an acre of Town-owned land adjacent to her property.
* The property is located at the entrance to the Oakwood neighborhood.
* The 1/10th of an acre is well beyond any area that would impact the residents, buildings, or visitors to Oakwood.
* N.C.G.S 160A-269 requires the offeror to deposit five percent (5%) of their bid with the Town Clerk, and that the Town publish notice of the offer.
* Within 10 days of the notice any person may offer an "upset bid".
* The Town may reject the offer.
Fiscal Impact/Resources: The offer is for $21,000 for 1/10th of an acre. McPhaul Appraisal used the most recent local available comparable, which is the NCDOT land purchase for a roundabout at Estes and North Greensboro in Carrboro. David S. Smith, an appraiser we have used for other public housing property, confirmed that this is a reasonable offer for the property at $4.96/sf.
Attachments:
* Resolution
* Notice of Offer - Upset Bid
* Site Map
* Offer to Purchase Town Owned Property
A RESOLUTION AUTHORIZING THE SALE OF PROPERTY IN THE OAKWOOD PUBLIC HOUSING COMMUNITY (2020-09-09/R-6)
WHEREAS, the Town received an offer to purchase 1/10th of an acre Town-owned land at 605 Oak Avenue in Carrboro that is part of the Oakwood Public Housing Community for $21,00...
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