Laserfiche WebLink
Meeting Date 3/17/03 <br /> <br /> CABARRUS COUNTY <br />BOARD OF COMMISSIONERS <br />AGENDA ITEM REQUEST <br /> <br />Agenda Item # <br /> <br />SUBJECT: <br />Upset bid process for former fairground property. <br /> <br />BRIEF SUMMARY: <br />Last year FFC, LP offered to purchase 1 acre of county-owned property (part of the former <br />fairgrounds) at the corner of Cabarrus Ave. and Union Cemetery Rd. That bid was upset. <br />FFC is now offering $400,000 and wants to require that upset deposits become <br />nonrefundable (see attachment). <br /> <br />At least 2 other firms have expressed interest in purchasing the entire parcel. <br /> <br />REQUESTED ACTION: (Suggested motion if the Board approves the agenda item as presented) <br /> <br />Reject all bids and market the property in its entirety. <br /> <br />Attachments [] Yes [] No Expected Length of Presentation 5 minutes <br /> <br />Submitted By: John Day, Interim County Manager Date: 3/10/03 <br /> <br />Budget Amendment Required: [] Yes [] No <br /> <br />Budget Amendment Attached and Reviewed by Budget Officer: <br /> <br />[] Yes [] No <br /> <br />County Manager's Recommendations/Comments: <br /> <br />Selling 1 acre of prime property will make it difficult to sell the rest. I recommend selling it in <br />its entirety, or preparing a master plan for it and then selling the lots. <br /> <br />Manager's Signature <br /> <br />Action Taken: <br /> <br />Approved [ ] Deferred [ ] <br />Denied [ ] Other [ ] <br /> <br /> <br />