Title
Acquisition of Property for Use as a Human Services Multi-Services Center
Recommended Action
That the Board of Commissioners:
1. Authorizes the County Manager to enter into a purchase agreement with Capital Realty, Inc. for a property located at 1430 South Wilmington Street, Raleigh for a proposed Multi-services Center, and approves the acquisition of the property up to the amount of $1,200,000 subject to the terms and conditions of the purchase agreement and other terms and conditions acceptable to the County Attorney;
2. Appropriates $2,675,000 to this project from the portion of the General Fund designated for ABC funding, such funding to be available upon execution of the Interlocal Agreement by Wake County and City of Raleigh; and
3. Appropriates $1,863,000 from the Affordable Housing Fund to the County Capital Fund