BC 2014 12 15 Regular Meeting - Laserfiche WebLink

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December 15, 2014 (Regular Meeting) Page 2233 Per North Carolina Code NCAC 97C.0111 (8), the agency is required to submit the application to the Board of Commissioners for review. UPON MOTION of Commissioner Shue, seconded by Commissioner Honeycutt and unanimously carried, the Board acknowledged receipt of the SRCAA's FY 2015 -16 Community Services Block Grant funding application F -14) Tax Administration - Refund and Release Report - November 2014 Release report contains taxpayers' names, bill numbers, valuations, tax amounts, along with the justifications for releasing the valuation /tax amounts for outstanding levies in accordance with N.C.G.S. 105 -381. Refund report is a summary sheet which lists data from each refund request form, along with the justification for the refunds to the taxpayers in accordance with N.C.G.S. 105 -381. Note: Due to the transition of motor vehicles onto the new North Carolina Vehicle Tax System (NCVTS), motor vehicle- related refunds and releases will begin to be displayed on the new report generated by NCVTS. UPON MOTION of Commissioner Shue, seconded by Commissioner Honeycutt and unanimously carried, the Board approved the November 2014 Refund - Release report, along with the NCVTS Refund Report, as submitted and granted authority to the Tax Collector to process the refunds and releases. The report is hereby incorporated into the minutes by reference and is on file with the Clerk to the Board. G) NEW BUSINESS (G -1) Infrastructure and Asset Management - Property Exchange Related to Wallace Park Jonathan Marshall, Infrastructure and Asset Management Director, presented a request for a property exchange related to Wallace Park and reviewed the following memorandum regarding the proposed transaction. Staff discussed with the previous Board of Commissioners the need to obtain property for an alternative access to the Wallace Park property. The acquisition would provide an access that did not require a rail crossing and, after exchange of property, allow part of the existing property to be marketed for private non- residential development. Robert and Donna Wallace have acquired a parcel on Bethel School Road for the purpose of exchange and to provide the new access. The properties to be exchanged are not of equal value, but a value for each must be determined for the exchange documents to be prepared. The County owned property at the corner of Wallace Road and US 601 on the south side of the railroad is the parcel planned to be transferred to the Wallaces. That parcel was appraised by Integra Realty Resources and was previously proposed for sale to a private party for non - residential development. The Market Value Analysis from the appraisal was used as the sales price for the parcel in that proposed transaction. Consistent with that proposal, the value based on the Market Value Analysis is $780,000. The Wallaces acquired a parcel on Bethel School Road and have submitted records and information on the costs of acquisition and some property improvements that were performed. The acquisition costs include the sales price, survey costs, legal costs and other due diligence that total $231,796.50. Wallace Construction also performed work on the property once it was acquired that included, among other things, proper disposal of a demolished house and mobile home that were buried on the property, improvements and stabilization of a dam, general clean up, dead tree removal and some basic grading. That work totaled $38,787.26 and was all work the County would had to have done at some point before the property could be used. The total value for the parcel they propose to exchange is $270,583.76 which is less than the tax value for the property of $290,410.00. The difference in values of property being exchanged is proposed to be used to reduce the total sales price included in the Installment Purchase Agreement. That difference is $509,41.6.24. In addition, the original Installment Purchase Agreement included