Title
Property Transactions - McKee Road and Providence Road Intersection Improvements, Parcel #11
Action
Action: Approve the following Condemnation: McKee Road and Providence Road Intersection Improvements, Parcel #11
Body
This property is acquired in accordance with Federal Guidelines 49 CFR Part 24 of the Uniform Acquisition and Relocation Act of 1970. Acquisition costs are eligible for North Carolina Department of Transportation reimbursement and Federal Transit Administration reimbursement.
Project: McKee Road and Providence Road Intersection Improvements, Parcel #11
Owner(s): Providence Park Apartments I, LLC
Property Address: 4800 Alexander Valley Drive
Total Parcel Area: 712,816 sq. ft. (16.364 acres)
Property to be acquired by Fee: 17,659 sq. ft. (.405 ac.) in Fee Simple, plus 7,128 sq. ft. (.164 ac.) in Fee Simple within Existing Right-of-Way
Property to be acquired by Easements: 2,646 sq. ft. (.061 ac.) in Temporary Construction Easement, plus 4,729 sq. ft. (.109 ac.) in Utility Easement
Structures/Improvements to be impacted: Irrigation system and ground lighting
Landscaping to be impacted: Trees and various plantings
Zoned: R-15
Use: Multi-family
Tax Code: 231-202-32
Appraised Value: $112,475
Property Owner’s Counteroffer: $137,801
Property Owner’s Concerns: The property owner is concerned that the monument sign will be impacted by the project and is also concerned about the loss of trees due to the utility relocation of the utility lines. The property owner is also concerned with the compensation amount being offered.
City’s Response to Property Owner’s Concerns: Staff explained that the monument sign will be protected during construction, however, the trees will need to be removed due to the relocation of the utility lines.
Recommendation: To avoid delay in the project schedule, staff recommends proceeding to condemnation during which time negotiations can continue, mediation is available and if necessary, just compensation can be determined by the court.
Council District: 7