Title
Property Transactions - McKee Road and Providence Road Intersection Improvements, Parcel #4
Action
Action: Approve the following Acquisition: McKee Road and Providence Road Intersection Improvements, Parcel #4
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 #4
Owner(s): Duke Energy Carolinas, LLC
Property Address: 4911 McKee Road
Total Parcel Area: 273,557 sq. ft. (6.280 acres)
Property to be acquired by Fee: 23,270 sq. ft. (.534 ac.) in Fee Simple, plus 10,966 sq. ft. (.252 ac.) in Fee Simple within Existing Right-of-Way
Property to be acquired by Easements: 5,334 sq. ft. (.122 ac.) in Temporary Construction Easement, plus 13,372 sq. ft. (.307 ac.) in Utility Easement
Structures/Improvements to be impacted: Gate and fence
Landscaping to be impacted: None
Zoned: R-3
Tax Code: 231-045-02
Purchase Price: $286,625
Council District: 7