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December 15, 2003 Page 319
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<br />County Manager of the County and the County Clerk are hereby authorized,
<br />empowered and directed to do all such acts and things and to execute all such
<br />documents as may be necessary to carry out and comply w~th the provisions of the
<br />Contract as executed;
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<br /> BE IT FURTHER RESOLVED, that the Chairman, the County Manager, the County
<br />Clerk and the Finance Director of the County are hereby authorized, empowered and
<br />directed to do any and all other acts and execute any and all documents necessary
<br />to consun~nate the transactions contemplated by this Resolution and the Contract,
<br />including anything required by (1) the specific provisions of this resolution,
<br />(b) the specific provisions of the Contract, (c) any agreement to which the
<br />County ls bound, (d) any rule or regulation of the County or (3) any applicable
<br />law, statute, ordinance, rule or regulation of the United States of America or
<br />the State of North Carolina;
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<br /> BE IT FURTHER RESOLVED, that from and after the execution and delivery of
<br />the documents herelnabove authorized, the Chairman, the County Manager, the
<br />County Clerk and the Finance Director of the County are hereby authorized,
<br />empowered and directed to do all such acts and tb-%ngs and to execute all such
<br />documents as may be necessary to carry out and comply with the provisions of said
<br />documents as executed, and are further authorized to take any and all further
<br />actions to execute and deliver any and all other documents as may be necessary
<br />in the execution and delivery of the Contract; and
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<br /> BE IT FURTHER RESOLVED, that if any section, phrase or provision of this
<br />Resolution shall for any reason be declared to be invalid, such declaration shall
<br />not affect the valldlty of the remainder of the section, phrases or provisions
<br />of this Resolution.
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<br />This Resolution shall become effective on'the date of its adoption.
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<br />Adopted December 15, 2003.
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<br />Board of Commissioners
<br />Cabarrus County
<br />North Carolina
<br />/s/ Robert M. Freeman
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<br />Robert M. Freeman, Chairman
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<br />ATTEST: /s/ Frankle F. Bonds
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<br />Frankie F. Bonds, County Clerk
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<br /> RESOLUTION OF
<br />CABARRUS COUNTY, NORTH CAROLINA
<br />APPROVING THE CONTRACT FOR S;~LE WITH
<br />MIKE EVERETT
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<br />Resolution No. 2003 - 41
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<br /> WHEREAS,' Cabarrus County, North Carolina (the "County") is a fully and
<br />regularly created, organized and existing corporation of the State of North
<br />Carolina, existing as such under and by virtue of the Constitution, statutes and
<br />laws of the State of North Carolina; and
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<br /> WHERF_J%S, the Cabarrus County Board of Commissioners ("Commu%ssloners") has
<br />the power, pursuant to North Carolina General Statutes, Section 158-7.1 to convey
<br />interests in property by private negotiation and may subject the property to such
<br />covenants, conditions and restrictions as the County deems to be in the public
<br />interest or necessary to carry out the purposes of that Section; and
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<br /> WHEREAS, the Commissioners hereby determine that the sale to M~ke Everett
<br />(the "Purchaser") of approximately 2.0 acres of the former Cabarrus County School
<br />Administrative complex property (the "Project") will stimulate the local economy,
<br />promote business and result in the creation of a substantial number of 3obs in
<br />the County; and
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<br /> WHEREAS, for the purpose of accomplishing the sale of the Pro3ect, the
<br />Commissioners have determined that it ls in the best ~nterest of the County that
<br />the County and the Purchaser enter into a Contract for Sale dated on or about
<br />November 21,2003 (the ~Contract") to provide for the sale by the County to the
<br />Purchaser of the Project; and
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<br /> WHEREAS, the Commissioners hereby determine that a public hearing
<br />concerning the proposed sale of the Project to the Purchaser, after publication
<br />of notice with respect to such public hearing, was duly held on December 15, 2003
<br />at 6:30 p.m. in the Commissioners Chamber, Cabarrus County Governmental Center,
<br />65 Church Street, SE, Concord, North Carolina; and
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<br /> W/~EREAS, the Co,missioners hereby determine that the fair market value of
<br />the title to the Pro3ect is $160,000 per useable acre and that the consideration
<br />to be paid to the County by the Purchaser, is not less than sa~d fair market
<br />value; and
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