Title
Property Transactions - Rea Road Widening, Parcel # 3
Action
Action: Approve the following Condemnation: Rea Road Widening, Parcel # 3
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: Rea Road Widening (I-485 to Williams Pond Lane), Parcel # 3
Program: Rea Road Widening (I-485 to Williams Pond Lane)
Owner(s): Agree Convenience No. 1, LLC
Property Address: 5200 Piper Station Drive
Total Parcel Area: 76,857 sq. ft. (1.764 ac.)
Property to be acquired by Easements: 229 sq. ft. (0.005 ac.) Sidewalk Utility Easement and 2,126 sq. ft. (0.049 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and various plantings
Zoned: B-1SCD
Use: Business
Parcel Identification Number: 225-045-04
https://polaris3g.mecklenburgcountync.gov/#mat=144625&pid=22504504&gisid=22504504
Appraised Value: $29,050
Property Owner’s Concerns: None.
City’s Response to Property Owner’s Concerns: The city’s offer is currently under review by the property owner.
Recommendation: 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: 7
Attachments
Attachment(s): Map