TO: Mayor and Members of City Council
THRU: Karen M. McDonald, City Attorney
FROM: Kecia N. Parker, NCCP, Real Estate Manager
DATE: June 13, 2022
RE:
Title
Resolution Authorizing a Quitclaim Deed of the City's Title to the County in Order to Expedite the Sale of Land located at 521 Martin Road
end
COUNCIL DISTRICT(S):
Council District(s)|109|
b
Relationship To Strategic Plan:
A Desirable Place to Live, Work and Recreate
Executive Summary:
Cumberland County has requested that the City of Fayetteville quitclaim their interest in the parcel located at 521 Martin Road having a tax parcel id number of 0446-49-0036
so that they may complete the sale of the jointly owned property that was acquired by tax foreclosure. This allows the property to be added back to the tax base and not continue to remain in joint governmental ownership.
Background:
Cumberland County and the City of Fayetteville received joint title to the property identified as 521 Martin Road which has a parcel number of 0446-49-0036 being known as lots within 2nd Cedar Rose Addition on October 4, 2011. The County has received an offer to purchase the property in the amount of $5,206.75 which represents the amount paid at the foreclosure sale.
The County is requesting that the City declare the above property surplus and quitclaim the City's interest to the County. Title is jointly held due to tax foreclosure by the County in their capacity as tax administrator. The purchase offer received is equal to the foreclosure bid. If the present bid is declined, the property will remain in joint ownership not earning taxes and requiring upkeep.
Issues/Analysis:
No known issues.
Budget Impact:
There is no significant impact to the budget; however this will enable the property to be added back to the tax roll.
Options:
* Accept the County's request to declare the property surplus and quitclaim the City's title to the County according to the Resolution attached.
* Re...
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