Title
Property Transactions - Lakeview-Reames Intersection Improvements, Parcel #28
Action
Action: Approve the following Condemnation: Lakeview-Reames Intersection Improvements, Parcel #28
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.
Body
Project: Lakeview-Reames Intersection Improvements, Parcel #28
Owner(s): Leroy Talvage and Dorothy Linney Sellers
Property Address: 4936 Lakeview Road
Total Parcel Area: 133,435 sq. ft. (3.063 ac.)
Property to be acquired by Fee: 1,917 sq. ft. (.044 ac.) in Fee Simple, plus 4,180 sq. ft. (.096 ac.) in Fee Simple within Existing Right-of-Way
Property to be acquired by Easements: 1,877 sq. ft. (.043 ac.) in Sidewalk and Utility Easement, plus 2,086 sq. ft. (.048 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees
Zoned: R-3
Use: Single-family Residential
Tax Code: 037-163-09
Appraised Value: $5,225
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: 2