Pursuant to NC General Statue 158-7.1(d) notice is hereby given Camden County intends to convey the following described property in fee simple to Camden Plantation Properties as the result of a privately negotiated sale for the purposes of aiding and encouraging a commercial enterprise within Camden County:
“Up to 15 acres of County owned property located at the intersection of McPherson Road and U.S. Highway 17 North.
Prior to final determination of this conveyance, the Camden County Board of Commissioners will conduct a public hearing in the Historic Camden County Courthouse to receive public comments, at 10:00 A.M., during the regularly scheduled Board of Commissioners meeting on Monday, December 2, 2019.
The Board of Commissioners has determined the fair market value of the property is twenty thousand dollars ($20,000) per acre. The proposed consideration to be received by the County is ten thousand dollars ($10,000) per acre up to one hundred fifty thousand dollars ($150,000) cash, plus additional consideration in the form of infrastructure improvement.
The infrastructure improvement is development of a road between the subject property and the remainder the county’s property to the east. The improvement is estimated to exceed $150,000 and will substantially increase the value of the surrounding county owned property. Improvement will commence within 1 year after the later of (i) the date of Closing or (ii) the date upon which Buyer receives all necessary approvals for development of the Property as provided for by law, and shall thereafter diligently pursue completion of such road.
It is currently the intention of the Board of Commissioners to approve this conveyance on the terms stated herein.