EXCHANGE OF REAL PROPERTY
Pursuant to North Carolina General Statute 160A-271, the Board of Commissioners of the Town of Wake Forest hereby states its intention to authorize the exchange of certain Town-owned real property for certain real property owned by ALF Holding Village, LLC.
The exchange involves parcels abutting the Town of Wake Forest Operations Center property located at 234 Friendship Chapel Road. The Town of Wake Forest owns an approximately 11.58 acre parcel of land located at 234 Friendship Chapel Road and ALF Holding Village, LLC owns an abutting parcel of land which is approximately 256.69 acres. The purpose of the exchange is to provide land for a future street right-of-way. ALF Holding Village, LLC will convey to the Town approximately 0.5409 acres, and the Town will convey approximately 0.22 acres to ALF Holding Village, LLC. Based on a Broker Opinion of Value, the value of each of the exchanged parcels is $5,409.00. The Town will also grant a temporary 20-foot construction easement to ALF Holding Village, LLC for use as it constructs the right-of-way.
All persons interested in this exchange are invited to attend the meeting of the Board of Commissioners to be held in the Town Hall Board Room, 301 South Brooks Street, Wake Forest, N.C., at 7:00 p.m. on Tuesday, October 15, 2013.
Deeda Harris, Town Clerk
The Wake Forest Weekly
Oct. 3, 2013
- Real Estate
- Special Publications