Title
Property Transactions - Beckwith-Meadow Drainage Improvements, Parcel #3
Action
Action: Approve the following Condemnation: Beckwith-Meadow Drainage Improvements, Parcel #3
Body
Project: Beckwith-Meadow Drainage Improvements, Parcel #3
Program: Flood Control
Owner(s): Redeate, Inc.
Property Address: 1832 Shamrock Drive
Total Parcel Area: 15,006 sq. ft. (.344 ac.)
Property to be acquired by Fee: 15,006.21 sq. ft. (.344 ac.) in Fee Simple
Structures/Improvements to be impacted: Commercial building
Landscaping to be impacted: None
Zoned: B-1
Use: Commercial
Tax Code: 093-103-18
Appraised Value: $300,000
Outstanding Concerns: Property owner and staff are working on the agreement language.
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: 1