Title
Property Transactions - McKee Road and Providence Road Intersection Improvements, Parcel #1
Action
Action: Approve the following Condemnation: McKee Road and Providence Road Intersection Improvements, Parcel #1
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 #1
Owner(s): Promenae Shopping Center, LLC
Property Address: 10710 Providence Road
Total Parcel Area: 746,531 sq. ft. (17.138 acres)
Property to be acquired by Fee: 5,024 sq. ft. (.115 ac.) in Fee Simple
Property to be acquired by Easements: 3,588 sq. ft. (.082 ac.) in Temporary Construction Easement, plus 14,579 sq. ft. (.335 ac.) in Utility Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees, shrubs, and various plantings
Zoned: CC
Use: Commercial
Tax Code: 229-151-07
Appraised Value: $61,900
Recommendation: We are currently waiting on signed documents but 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