Title
Property Transactions - City View - Buick Drive Connector, Parcel #4
Action
Action: Approve the following Condemnation: City View - Buick Drive Connector, Parcel #4
Body
Project: City View - Buick Drive Connector, Parcel #4
Program: City View - Buick Drive Connector
Owner(s): Sterling Properties Investment Group LLC
Property Address: 5709 Electra Lane
Total Parcel Area: 924,626 sq. ft. (21.23 ac.)
Property to be acquired by Easements: 594 sq. ft. (0.014 ac.) Right-of-Way Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-17 MF
Use: Multi-family Residential
Tax Code: 165-012-05
https://polaris3g.mecklenburgcountync.gov/#mat=367649&pid=16501205&gisid=16501205
Appraised Value: $4,625
Property Owner’s Concerns: None
City’s Response to Property Owner’s Concerns: N/A
Recommendation: The city is currently waiting on signed documents, but to avoid delay in the project schedule, the recommendation is to proceed to condemnation during which time negotiations can continue, mediation is available and if necessary, just compensation can be determined by the court.
Council District: 5