AG 2003 06 30 - Laserfiche WebLink

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CARPENTER COMMERCIAL, INC. ~eff Ca?5~enter 74.5 C~l. ffarr'l~ ..~.'enue 945. Cortw ora~' .YV'C 28o27 IF/WW. CARPENTER CO MME R CIAL CO M Phone (704) 786-7235 Fax (704) 792-2541 To: John Day Robert Freeman From: Jeff Carpenter Subject: Proposal / Comments Date: January 15, 2003 I enjoyed meeting with you both last week. I appreciate very much you giving me the opportunity to assist Cabarrus County in selling some of its real estate holdings. As we discussed, I would like to get some protection by getting the County to sign a listing agreement on the Fairgrounds before I begin my analysis of determining the properties highest and best use. My plan is to first explore all or any of the grocery chain developer's, or personally get in touch with Food Lion, Bi-Lo, etc. to check their interests level. I have recently met with Lowe's Food and just sold the site on Crisco Rd to Harris-Teeter for $175,000 per acre. We may well determine that the County can derive as much or more monies from the sell of the front out parcels, retaining the rear for future County use. Once I have spent a little more than researching the market, and contacting various users and types of users, we can develop a preliminary master plan, or a use plan to help us effectively sell and market the properties at the highest possible price. My only fee to the County would be a commission of six percent (6%) of the purchase price from any sales, and eight percent (8%) if the sale is with a co-broker. My research, analysis, and development of a use plan are a free part of my service to the County. The County's only expense may be for the actual preliminary use plan I can get a planner to help me with at a reasonable fee. Please let me know if you need further information. Attached is a list of some of my recent transactions.