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Tuesday, 18 December 2012 16:40

Riversedge deal completed

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A commissioner’s deed reflecting the closure of the former Riversedge subdivision in Roanoke Rapids has been filed in the Halifax County Register of Deeds office.

The deed, which was recorded on December 14 and filed on November 29, was made from Charles J. Vaughan, a Woodland attorney, to RBD Investments of Rocky Mount.

Robbie Davis of RBD Investments was not immediately available this afternoon to discuss what plans he has for the subdivision. Vaughan was appointed as commissioner under order of the district court of Halifax County in the tax foreclosure proceeding that involved the county and city of Roanoke Rapids in an action against BBD Development, according to a copy of the deed.

Vaughan was directed by the order as commissioner to sell the property.

The chain of events, according to the deed, involved a November 2 auction in which the city and county became the last and highest bidders for $410,588.56. Three days later, RBD Investments raised the city and county bid to $432,000. There was no other upset bid, according to the document.

The sale includes two tracts of land, one containing 71.566 acres bounded by land owned by the Roanoke Canal Commission and the other containing 2.849 acres of land bounded on the east by the Roanoke River.

The conveyance excludes 21 lots that were already conveyed by BBD Development. There are 80 unsold parcels within the subdivision, according to the document.

While immediate plans are not known for the subdivision, Roanoke Rapids Planning and Development Director Kelly Lasky said there is currently a hold on building permits there until further notice.

That hold is related to the former developers failure to complete paving of the streets within the subdivision as well as their failure to install streetlights and other infrastructure, the city has said.

The city has settled with the former developers bond company for $115,000.

Any change in plans for the development of the subdivision would require a revised conditional use permit and a public hearing before the planning board and city council, Lasky said.

 

 

 

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