HomeMy WebLinkAboutC.054.93009_2040IREDELL COUNTY BOARD OF COMMISSIONERS
SPECIAL MEETING MINUTES
JANUARY 12, 1999
The Iredell County Board of Commissioners met for a Special Meeting on Tuesday, January
12, 1999, 12 o'clock Noon, in the Iredell County Government Center (Commissioners' Meeting
Room), 200 South Center Street, Statesville, NC 28677.
Present: Chairman Sara K. Haire
Vice Chairman Steve D. Johnson
Tommy E. Bowles
Alice T. Fortner
Alice M. Stewart
Staff Present: County Manager Joel Mashburn, County Attorney William P. Pope, County
Finance Director Susan Blumenstein, and Clerk to the Board Jean Moore.
OPENING OF SEALED LEASING/PURCHASING PROPOSALS IN CONJUNCTION
WITH PROPERTY OWNED BY IREDELL COUNTY
On December 7, 1998, the board of commissioners called for a bid opening and public
hearing on the leasing of property located at 1010 Salisbury Highway, Statesville, NC (formerly the
Bassett Furniture property). The minimal acceptable terms agreed for the proposals were:
1. The term of the lease will commence on January 12, 1999, and will expire on January 12,
2001.
2. Each proposal will specify the monthly rental to be paid. The minimum monthly rental
will be $2,750.00 per month.
3. The lease will include triple net terms, with tenant being responsible for all maintenance,
including structural maintenance, all insurance in at least replacement amounts, and all taxes and
special assessments.
4. Each proposal will include an option to purchase the property at the end of the lease tern
at a price to be named in the proposal. The minimum acceptable price is $275,000.00.
5. Each proposal must include option consideration of $25,000.00 to be deposited with
Iredell County at the commencement of the lease. In the event the option to purchase is exercised,
the option consideration, together with a rent credit of fifty percent (50%) of the actual rental paid,
will be applied toward the purchase price. In the event the option to purchase is not exercised, the
option consideration and all rentals will be forfeited. Notice of intent to exercise the option to
purchase must be received in writing at least sixty (60) days before the expiration of the term of the
lease.
Attorney Pope conducted the bid opening and the results are as follows.
Godley Realty, 613-C Brookshire Boulevard, Charlotte, NC
Purchase Offer: $281,000.00
Monthly rent: $2,750
Wingate- Monday -Company (WMCI P.O. Box 118,115 S. Eastway Drive, Troutman. NC
Purchase Offer: $300,001.00
Monthly rent: $2,750