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8 Resolution Authorizing Exchange of Property <br />1792 Concord Lake Road Property <br />r I WHEREAS, Cabarrus County is the owner of a parcel of land located <br />on Concord Lake Road identified by Parcel Identification Number 5622 -33- <br />_ 3518 (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 and purchase for an adjacent parcel <br />located off Concord Lake Road that is part of Parcel Identification Number 5622 -33 -4722; and <br />WHEREAS, the net exchange of property will result in the Cabarrus County gaining .091 acres of <br />land; and <br />WHEREAS, the owner of that property, Rox Properties LLC, has had the property surveyed at <br />their expense (a copy of which is attached) and agreed to a purchase price based on the Cabarrus <br />County tax valuation; <br />THEREFORE, THE CABARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT; <br />1. The County Commissioners authorize the exchange of the property described above <br />through the procedures outlined in North Carolina General Statute 160A -271. <br />2. The County Commissioners authorize the purchase of property totaling a net of .091 acres <br />as indicated on the attached survey. <br />3. The County Clerk shall cause a notice of the proposed exchange to be published. The notice <br />shall describe the property and the proposed exchange. <br />4. The terms of exchange are that <br />a. The County Manager and County Attorney must complete the final terms and <br />conditions for the property exchange. <br />b. The exchange shall also include the net purchase of .091 acres. <br />Adopted this the 21 day of September, 2015. <br />Stephen M. Morris, Chairman <br />Board of Commissioners <br />ATTEST: <br />Megan I.E. Smit, Clerk to the Board <br />Attachment number 1 \n <br />E -2 Page 45 <br />