AG 2000 07 24 - Laserfiche WebLink

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NOTICE OF OFFER TO PURCHASE AN INTEREST IN REAL PROPERTY FROM CABARRUS COUNTY Pursuant to N.C.G.S. 160A-269 and upon motion made and duly seconded at the March 20, 2000, meeting of the Board of Commissioners of Cabarms County (the "Board"), the Board, acting as agent for the Cabanas County Board of Education (the "School Board"), proposes to sell approximately 15 +/- acres of school property located on U: S. Highway 29 North (Concord Parkway) and Parkway Avenue in the City of Concord, commonly known as the Cabarms County Schools Administrative Complex (the "School Property") by negotiated offer and contract, subject to upset bid. A bid has been submitted and an offer has been made for the School Property by Benderson Property Development, Inc. and Stephen B. Goodman in the amount of $1,425,000.00 (i.e., $95,000.00/acre per usable acre) (the "Bid") under the terms of a purchase contract (the "Con~'act") on file with the Clerk to the Board, a copy of which is available in her office. Specific terms of the Contract include, among other things, a second and essential contract (the "Facility Construction Contract"), for the design and development of a 67,300 square foot administrative fac!lity for the School Board upon a site provided by the County at a cost not to exceed $3,850,000.00 (the "Terms"). Any person has ten (10) days from the date of publication of this Notice to increase the Bid by not less than ten percent (10%) of the first One Thousand Dollars ($1,000.00) Bid and five percent (5%) of the remaining Bid, and thirty (30) days from the date of publication to provide the Facility Construction Contract or equivalent Terms. To raise the existing Bid, a new