Pasquotank agrees to sell Moyock land for $200K
By Jon Hawley
Thursday, February 21, 2019
Pasquotank County commissioners agreed Monday to sell land the county owns in Currituck County for $200,000.
In a unanimous vote, commissioners agreed to sell 104 Lark Drive to Robert and Denise Clarke, who also bought a neighboring tract at 102 Lark Drive from the county last year for the same amount. The properties are in the Moyock Commons business plaza.
Commissioners accepted the Clarkes' offer after some negotiating to increase the sale price apparently failed.
Earlier this month, commissioners instructed County Manager Sparty Hammett to try to get the Clarkes to increase their offer for the property to $250,000. However, the Clarkes didn't budge from their $200,000 offer, Hammett told commissioners on Monday.
Commissioner Frankie Meads, who had encouraged the county to continue its negotiations with the Clarkes, moved to accept their $200,000 offer on Monday.
While trying to get more for taxpayers, Meads and other county officials have conceded that $200,000, while below the property's roughly $290,000 taxable value, is reasonable, based on its size and the purchase price of comparable lots.
Monday's action isn't the quite the final say on the sale, however.
County Attorney Mike Cox said the Clarkes will need to provide a deposit for the property, after which the county must allow time for upset bids before closing the sale. State law requires upset bids for selling public property, which allows any competing buyers to make better offers. If there is an upset bid, it will trigger another bidding period.
Once an upset bid period closes with no better offers, commissioners may vote to accept the best offer.
If the property is sold, Hammett said the county will put the proceeds into its reserves.
The county owns land in Currituck because the former Albemarle Hospital Authority bought it years ago, but plans to develop it never materialized. The county inherited the land after the hospital was leased to Sentara Healthcare.