Title
Property Transactions - Rea Road Widening, Parcel # 9
Action
Action: Approve the following Condemnation: Rea Road Widening, Parcel # 9
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 # 9
Program: Rea Road Widening (I-485 to Williams Pond Lane)
Owner(s): 2017-1 1H Borrower L.P.
Property Address: 11514 Falling Leaves Drive
Total Parcel Area: 10,599 sq. ft. (0.243 ac.)
Property to be acquired by Easements: 830 sq. ft. (0.019 ac.) Utility Easement, 712 sq. ft. (0.016 ac.) Sidewalk Utility Easement and 1,072 sq. ft. (0.025 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees
Zoned: N1-A
Use: Neighborhood 1 Zoning District
Parcel Identification Number: 225-044-06
https://polaris3g.mecklenburgcountync.gov/#mat=19082&pid=22504406&gisid=22504406
Appraised Value: $53,500
Property Owner’s Concerns: The property owner has presented no concerns to city staff.
City’s Response Property Owner’s Concerns: The city presented the offer in September of 2023 for the owners’ review. The city informed the property owner they could obtain their own appraisal or provide supporting documentation to justify a counteroffer. The city continues to negotiate with 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