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Resolution Authorizing Exchange of Property <br />Rankin Road Property <br />WHEREAS, Cabarrus County is the owner of a parcel of land located at the end of Rankin Road <br />that is part of the larger parcel on which Lake Howell is located (the "Property "); and <br />WHEREAS, N.C. General Statute 160A -271 permits the County to exchange real property by <br />private negotiation for full and fair consideration; and <br />WHEREAS, the County has negotiated terms of an exchange for a parcel located off Rankin Road <br />that is part of Parcel Identification Number 4692 -24 -0783 and is of similar size and tax value; and <br />WHEREAS, the owner of that property Robert Fishel has agreed, at his expense, to have a survey <br />completed of of the County property to be exchanged so that the County may ensure it is of fair and <br />equal value for the Fishel land included in the exchange; <br />THEREFORE, THE CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT; <br />1. The County Commissioners authorize the exchange of the property described above through the <br />procedures outlined in North Carolina General Statute 160A -271. <br />2. The County Clerk shall cause a notice of the proposed exchange to be published. The notice shall <br />describe the property and the proposed exchange. <br />3. The terms of exchange are that <br />a. The County Manager and County Attorney must complete the final terms and conditions <br />for the property exchange. <br />b. The exchange documentation must include any restrictions requested by the Board of <br />Commissioners in consultation with the Water & Sewer Authority Board. <br />Adopted this day <br />Stephen M. Morris <br />Board of Commissioners Chair <br />ATTEST <br />Megan 1. E. Smit, Clerk to the Board <br />Attachment number 1 <br />E -1 Page 46 <br />