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2/5/1985
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2/5/1985
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7/23/2015 11:51:11 AM
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Meetings
Meeting Type
Special Call Meeting
Document Type
Minutes
Meeting Date
02/05/1985
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Attorney Brandenburg noted that there are many ways to look <br />at appraisals; it is not an exact science, and he did not have <br />any difficulty at all with the Board voting to accept the Catron <br />property based on the current appraisal. He pointed out that <br />there is a provision in the contract that we don't have to close <br />for six months down the line, and a lot can happen in that time; <br />so, we actually are paying a little premium for that six month <br />period. <br />MOTION WAS MADE by Commissioner Scurlock, SECONDED <br />by Commissioner Bowman, to authorize the Chairman to <br />execute a contract for the purchase of the Catron <br />property as discussed, based on the three following <br />contingencies - <br />1) Proceeding with the SR 60 wastewater project; <br />2) Obtaining DER permitting; and <br />3) Obtaining suitable financing - <br />With the proviso that if any of these three contin- <br />gencies are not satisfied, the County does not have <br />to close on the property, but will pay the owners <br />$30.00 per acre for each month from the date we sign <br />the contract until the date we notify them we will <br />not proceed with the closing, or about a $15,000 <br />potential liability. <br />Commissioner Scurlock clarified that the reason he made the <br />above Motion was based on his belief that the Catron property is <br />best not only in size, but also soil conditions and will result <br />in less developmental cost than the Monroe property. He had some <br />question with the appraisal figures, and felt certain with the <br />recent freeze, that prices for such grove property will escalate <br />in six months time. He, therefore, felt comfortable with paying <br />a price above appraisal. <br />Commissioner Bird inquired where the money for the purchase <br />will come from, and Administrator Wright replied that it will be <br />5 <br />FEB 5 1985 Boob <br />
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