Title
Property Transactions - Lakeview-Reames Intersection Improvements, Parcel #15
Action
Action: Approve the following Condemnation: Lakeview-Reames Intersection Improvements, Parcel #15
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 #15
Owner(s): TAH 2017-1 Borrower, LLC
Property Address: 4427 Craven Hill Drive
Total Parcel Area: 9,910 sq. ft. (.228 ac.)
Property to be acquired by Easements: 142 sq. ft. (.003 ac.) in Storm Drainage Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-4
Use: Single-family Residential
Tax Code: 037-155-25
Appraised Value: $125
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