Mayor McFarlane: Updated offer soon on Dix propertyMayor McFarlane: Updated offer soon Nike Air Max 8 on Dix propertyUpdated: Thursday, August 28 2014 9:39 PM EDT2014 08 29 01:39:58 GMT
As an alternative to purchasing the property, the city offered to amend the lease agreement signed by the Council of State in December 2012. If agreed upon, the city would pay $1.6 million per year for 75 years for the property.
After the state rejected the City of Raleigh's bid to purchase the Dorothea Dix property, the city has countered with an offer that includes a portion of land at the Governor Morehead School for the Blind.
City counters state's offer for Dorothea Air Max Plus Knicks
"The city agrees that this property would allow for improved connectivity in the future between the proposed Dorothea Dix Park and Pullen Park," city attorney Tom McCormick wrote in the offer letter to the governor that was released on Thursday.
But in 2013, Republican senators demanded the deal be scrapped. The Senate voted to dissolve the city's lease immediately, saying it didn't represent the property's fair market value and failed to protect health services as the property was originally intended.
In April, the state of North Carolina rejected a bid by the City of Raleigh to purchase the Dix property for $38 million. The bid also asked the state to cover any environmental clean up costs.
The state declined the bid saying the Air Max 95 Grey And Blue
In regard to the clean up, which the state rejected responsibility to cover the cost of, McCormick proposed depositing $10 million of the purchase price into an interest bearing escrow account for 15 years.
Any money not used for clean up would go to the state at the end of the escrow period, McCormick said.
Countering the state's offer, the city delivered a proposal to the governor's office on April 28 offering to purchase the land as well as a 7.3 acre portion of the Morehead School property for $51,262,240. Pat McCrory suggested could Air Max Pink White
"The city shall be able to use the escrow funds as needed to remediate environmental liabilities confirmed by the Departments of Environment and Natural Resources during the escrow period, as well as any asbestos abatement costs incurred in the city's rehabilitation or demolition of existing structures during the escrow period," McCormick wrote.
Under the lease agreement signed by former Gov. Beverly Perdue, the city would have paid $500,000 per year for 75 years for the property.
City officials threatened to sue if the lease was voided.
connect the Dix property and Pullen Park.
city's appraisal "substantially undervalues the property." The state also offered to sell the city 243.95 acres at $213,953 per acre for a total price of $52.2 million.
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