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CABARRUS COUNTY <br />BOARD OF • • <br />* <br />REGULAR <br />¢ TN eAR° �jr SEPTEMBER 1 <br />� / <br />1 P .M. <br />AGENDA CATEGORY: <br />Old Business <br />SUBJECT: <br />County Manager - Property and Building on Concord Lake Road <br />BRIEF SUMMARY: <br />Cabarrus County owns property and an office building at 2325 Concord <br />Lake Road (PIN 5622 -33- 3518). The building has housed the Economic <br />Development Corporation, Parks and Recreation and Guardian Ad Litem <br />in the past but is currently vacant. <br />The parking for the building encroaches on an adjacent property which is <br />shown on the attached survey. The adjacent owner is proposing the <br />County exchange property to correct the encroachment with the net result <br />that the County would need to purchase 3967 square feet. They have <br />requested tax value for this property as well as recognition that water lines <br />serving their building cross part of the County parcel. <br />Based on the County tax value for the property, staff recommends a <br />purchase price of $21,000 for the property. The property owner has <br />agreed to this purchase price. <br />REQUESTED ACTION: <br />Motion to adopt a resolution approving the exchange of property with Rox <br />Properties LLC, including the necessary budget amendment, and to <br />authorize the County Manager and County Attorney to execute the <br />required documents. <br />EXPECTED LENGTH OF PRESENTATION: <br />10 Minutes <br />E -2 Page 43 <br />