Town of Chapel Hill North Carolina Executive Summary
City of Chapel Hill, North Carolina Logo TOWN OF CHAPEL HILL


Meeting Date: 2/10/2014

Title of Agenda Item: Property Asset Update: 523 E. Franklin Street and 100 W. Rosemary Street.  (R-4)(R-5)

Council Goal: Govern with Quality, Responsiveness, Efficiency

Recommendations: That the Council receive this report and adopt the attached resolutions which would:
  • authorize the Manager to negotiate and enter into an agreement with Preservation North Carolina to help market and find a potential buyer for the property located at 523 E. Franklin Street, and
  • authorize the Manager to explore options for selling the property located at 100 W. Rosemary Street.

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Staff Memorandum
Resolution 1: 523 E Franklin
Resolution 2: 100 W Rosemary
Appraisal Report for 523 E Franklin
Preservation NC Surplus Property Brochure
Preservation NC Option to Purchase Document - Blank