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CABARRUS COUNTY BOARD OF COMMISSIONERS NOTICE OF PUBLIC HEARING December 15, 2003 - 6:30 p.m. At its meeting on October 20, 2003, the Cabarrus County Board of Commissioners tentatively approved, subject to a public hearing that will be held on December 15, 2003, the proposed sale of title in fee simple approximately 5.5 acres, more or less, of real property (the "Real Property) consisting of three parcels (Parcels "A", "B" and "C") located in the City of Concord and described as follows: Parcel "A" consists of approximately 1.0 acre, more or less, located at the corner of Union Cemetery Road and Cabarrus Avenue at the former County Fairgrounds property (part of Parcel Number 5620027234). The fair market value of the Real Property Parcel "A" is approximately $432,000 and the consideration to be received by Cabarrus County from FFC Limited Partnership for the sale of the real property is $432,000. Parcel "B" consists of approximately 2.5 acres, more or less, located on Union Cemetery Road at the former County Fairgrounds property (part of Parcel Number 5620027234). The fair market value of the Real Property Parcel "B" is approximately $500,000 and the consideration to be received by Cabarrus County from Centdev Properties LLC for the sale of the real property is $500,000. Parcel "C" consists of approximately 2.0 acres, more or less, located on Concord Parkway at the front of the former Cabarrus County School Administrative Complex (part of Parcel Number 5611905925). The fair market value of the Real Property Parcel "C" is approximately $320,000 and the consideration to be received by Cabarrus County from Mike Everett for the sale of the real property is $320,000. The public hearing is being held pursuant to Section 158-7.1 of the North Carolina General Statutes, as amended (the "Act"). After holding the public hearing, the Board intends to approve the proposed sale of the Real Property by private negotiation under authority granted to it under the Act. NOTICE IS HEREBY GIVEN that on the 15th day of December, 2003, at 6:30 p.m. (or as soon thereafter as persons may be heard), in the Commissioners' Meeting Room, Cabarrus County Governmental Center, 65 Church Street, South, Concord, NC, a public hearing will be conducted concerning the approval of the proposed sale of the Real Property. All interested parties are invited to present comments at the public hearing regarding the proposed sale of the Real Property. If reasonable accommodations are needed, please contact the Clerk at (704) 920-2110 at least 48 hours prior to the meeting. INDEPENDENT TRIBUNE December 4, 2003 Frankie F. Bonds Clerk to the Board of Commissioners