Title:
Land Exchange - Wilmore Centennial Park at Southend
Summary
ACTION:
(1) Adopt a resolution authorizing the exchange of County owned Tax Parcel 123-062-17 (+/- 4,356 SF) for the northern portion of Tax Parcels 123-062-05 and 123-062-06 (+/- 4,500 SF) and an access easement on the southern portion of the same parcels with Common Square, LLC or its assignee
(2) Authorize the County Manager to negotiate and execute a land exchange agreement with Common Square, LLC for the exchange of the above referenced properties
Staff Contact: Jacqueline McNeil, Asset and Facility Management
Presentation: No
BACKGROUND/JUSTIFICATION:
At its October 16th meeting, the Board adopted a resolution declaring its intent to exchange County owned Tax Parcel 123-062-17 (+/- 4,356 SF) for the northern portion of Tax Parcel 123-062-05 and 123-062-06 (+/- 4,500 SF) and an access easement across the southern portion of those same parcels with Common Square, LLC. Following the November 7th meeting, where a revised resolution was adopted, staff published a notice of this intent in the Charlotte Observer on November 8, 2018 as required by N.C.G.S. 160A-271. To move forward with the exchange, the Board is required to authorize the exchange.
The value of the land the County will convey to Common Square, LLC is $350,000. The value of the land the County will receive is $350,000 and the value of the easement is $175,000. This is a no out-of-pocket transaction for the County.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A