A contract is being finalized that will give two Greenville businessmen the option to purchase property owned by the Pitt County government.
Attorneys were finalizing the agreement after the Pitt County Board of Commissioners unanimously approved an option to sell 2.8 acres of land on the western boundary of the county office building complex, 1717 W. Fifth St., to attorney Tom Taft and contractor J. Russell Fleming for $425,000 per acre, or just under $1.2 million, Janis Gallagher, Pitt County attorney, said. The men have 12 months to exercise the purchase option.
Under North Carolina law, when someone wants to purchase county-owned property, the county must advertise the sale in order to see if an upset bid offering more money will be submitted. The advertising does not take place until the potential buyer exercises the option to buy.
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