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ADDITION <br /> CABARRUS COUNTY <br /> 1792 BOARD OF COMMISSIONERS <br /> REGULAR MEETING <br /> AUGUST 21, 2017 <br /> 6:30 P.M. <br /> AGENDA CATEGORY: <br /> Old Business <br /> SUBJECT: <br /> Infrastructure and Asset Management — Update on Sale of 2323 Concord <br /> Lake Road <br /> BRIEF SUMMARY: <br /> The Board of Commissioners had authorized the listing of the County <br /> office building located at 2323 Concord Lake Road for public sale. The <br /> original asking price set by the Board was $439,900. There have been <br /> interested parties and one offer for purchase that was well below the <br /> asking price. Staff consulted with our sales agent and recommended that <br /> the asking price be lowered. The Board approved the price be amended <br /> to $375,000 at its May 15th regular meeting. All interested parties, <br /> including the group that made an offer, were notified of the new price <br /> on the property. A letter of intent to purchase the property has been <br /> received for $325,000. <br /> REQUESTED ACTION: <br /> Motion to amend the recommended listing price for 2323 Concord Lake <br /> Road to $325,000. <br /> EXPECTED LENGTH OF PRESENTATION: <br /> 1 Minute <br /> E-2 Page 308 <br />