During a recent government meeting, county officials engaged in a detailed discussion regarding the potential sale of a reverter interest in a property currently utilized by Union Academy for pre-kindergarten education. The property, located on Old Monroe Road, encompasses approximately 8.15 acres. The county received a bid of $50,000 from Union Academy, which has prompted a debate among commissioners about the adequacy of this offer.
Commissioner Merrill emphasized the importance of categorizing student populations in local schools to better understand traffic implications, suggesting that the county should consider models from Union County Public Schools. This recommendation aims to ensure that traffic concerns are appropriately addressed based on the varying needs of elementary, middle, and high schools.
As the discussion shifted to the property sale, several commissioners expressed reservations about the $50,000 bid. Commissioner Helms and others voiced concerns that the offer was significantly below the fair market value of the property, advocating for the reopening of the upset bid process to encourage higher bids. They argued that the county should seek a more reasonable offer, given the property's size and location.
In contrast, Commissioner Williams supported accepting the current bid, describing the reverter interest as a unique asset that does not often come to market. He noted that the county had followed the necessary procedures for soliciting bids and that the single offer on the table should be accepted.
Ultimately, a motion was made to reopen the upset bid period, allowing for further consideration of the property’s value and potential offers. The board agreed to direct the clerk to advertise the new bidding period in accordance with North Carolina General Statute 160A-269, indicating a commitment to ensuring a fair transaction for the county's citizens.