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EDC asks attorney to draft amendment to Lee & Associates property listing
Summary
The board voted to have an attorney draft an amendment to the Lee and Associates listing for the US Highway 1/Collins Road property, proposing reduced or no commission if the firm fails to bring a buyer.
Board member Jim Whitley recommended amending the listing agreement with Lee and Associates for the property at U.S. Highway 1 and Collins Road in Norlina, proposing a lower or no commission if the firm does not produce a buyer. Whitley moved that an attorney draft such an amendment; Stanley Jones seconded the motion and the board approved it unanimously.
The motion instructs staff to have counsel prepare contract language reflecting Whitley's suggested performance condition; the board did not adopt specific draft language at the meeting. No vote on a final contract amendment was taken; the attorney-drafted amendment will return to the board for review and approval.
The action affects how the county contracts for property marketing services but does not, by itself, change the current listing agreement until the board approves any attorney-drafted amendment.
