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September 21, 2015 (Regular Meeting) Page 2539 evidence of the advertisement of the resolution and a budget amendment to fund the purchase of the additional property. UPON MOTION of Commissioner Honeycutt, seconded by Vice Chairman Poole and unanimously carried, the Board adopted the resolution approving the exchange of property with Rox Properties, LLC, including the necessary budget amendment, and authorized the County Manager and County Attorney to execute the required documents. Date:9 /3/2015 Amount: $ 2 6, 0 0 0 Dept. Head: Pamela Dubois Department: Non departmental 0 Internal Transfer Within Department ❑ Transfer Between Departments /Funds ❑ Supplemental Request Purpose: To allocate funds for the purchase of a parcel of land to enable the County to sell a piece of Countv Property on 136, the old Parks Building Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget 00191910 -9605 Consultants 4169,991.00 $26,000.00 $143,991.00 00191910 -9801 Land Acquisition $0.00 $26,000.00 $26,000.00 Resolution No. 2015 -22 Resolution Authorizing Exchange of Property Concord Lake Road Property WHEREAS, Cabarrus County is the owner of a parcel of land located on Concord Lake Road identified by Parcel Identification Number 5622 -33 -3518 (the "Property and WHEREAS, N.C. General Statute 160A -271 permits the County to exchange real property by private negotiation for full and fair consideration; and WHEREAS, the County has negotiated terms of an exchange and purchase for an adjacent parcel located off Concord Lake (toad that is part of Parcel Identification Number 5622 -33 -4722; and WHEREAS, the net exchange of property will result in the Cabarrus County gaining .091 acres of land; and WHEREAS, the owner of that property, Rox Properties LLC, has had the property surveyed at their expense (a copy of which is attached) and agreed to a purchase price based on the Cabarrus County tax valuation; THEREFORE, THE CAEARRUS COUNTY BOARD OF COMMISSIONERS RESOLVES THAT; 1. The County Commissioners authorize the exchange of the property described above through the procedures outlined in North Carolina General Statute 160A -271. 2. The County Commissioners authorize the purchase of property totaling a net of .091.acres as indicated on the attached survey. 3. The County Clerk shall cause a notice of the proposed exchange to be published. The notice shall describe the property and the proposed exchange. 4. The terms of exchange are that a. The County Manager and County Attorney must complete the final terms and conditions for the property exchange. b. The exchange shall also include the net purchase of .091 acres. Adopted this the 21st day of September, 2015. /s/ Stephen M. Morris Stephen M. Morris, Chairman Board of Commissioners ATTEST: /s/ Megan I.E. Smit Megan I.E. Smit, Clerk to the Board