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Resolution No. 2004 - <br /> <br /> RESOLUTION OF <br /> CABARRUS COUNTY, NORTH CAROLINA <br />APPROVING THE AGREEMENT FOR PURCHASE AND SALE WITH <br />CAROLINA RADIATOR & AIR CONDITIONING SUPPLY, INC. <br /> <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 he State or North Carolina; and <br /> <br /> WHEREAS, the Cabarrus County Board of Commissioners <br />("Commissioners") has the power, pursuant to North Carolina General Statutes, <br />Section 158-7.1 to convey interests in property by private negotiation and may <br />subject the property to such covenants, conditions and restrictions as the County <br />deems to be in the public interest or necessary to carry out the purposes of that <br />Section; and <br /> <br /> WHEREAS, the Commissioners hereby determine that the sale to Carolina <br />Radiator & Air Conditioning Supply, Inc. (the "Purchaser") of approximately 2.080 <br />acres of the former Cabarrus County School Administrative Complex property (the <br />"Project") will stimulate the local economy, promote business and result in the <br />creation of a substantial number of jobs in the County; and <br /> <br /> WHEREAS, for the purpose of accomplishing the sale of the Project, the <br />Commissioners have determined that it is in the best interest of the County that <br />the County and the Purchaser enter into an Agreement for Purchase and Sale of <br />Real Property dated on or about July 29, 2004, (the "Contract") to provide for the <br />sale by the County to the Purchaser of the Project; and <br /> <br /> WHEREAS, the Commissioners hereby determine that a public hearing <br />concerning the proposed sale of the Project to the Purchaser, after publication of <br />notice with respect to such public hearing, was duly held on August 16, 2004, at <br />6:30 p.m. in the Commissioners Meeting Room, Cabarrus County Governmental <br />Center, 65 Church Street, SE, Concord, North Carolina; and <br /> <br /> WHEREAS, the Commissioners hereby determine that the fair market value <br />of the title to the Project is $160,000 per useable acre and that the consideration to <br />be paid to the County by the Purchaser, is not less than said fair market value; and <br /> <br /> <br />