Title
Property Transactions - Albemarle Road Pedestrian Safety and Connectivity, Parcel # 7
Action
Action: Approve the following condemnation: Albemarle Road Pedestrian Safety and Connectivity, Parcel # 7
Body
The property is acquired in accordance with Federal Regulations in 49 C.F.R. Part 24 that implement 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: Albemarle Road Pedestrian Safety and Connectivity
Owner(s): Rise Avalon LLC - OREI Avalon Property Owner, LLC
Property Address: 5924 Regal Estate Lane
Total Parcel Area: 544,864 sq. ft. (12,508 ac.)
Property to be acquired by Easements: 89 sq. ft. (0.002 ac.) in sidewalk utility easement and 446 sq. ft. (0.010 ac.) in temporary construction easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-17MF(CD)
Use: Multi-family (conditional zoning)
Parcel Identification Number(s): 103-111-21
https://polaris3g.mecklenburgcountync.gov/pid/10311121
Appraised Value: $2,350
Property Owner’s Concerns: The city is unable to reach an agreement with the property owner.
City’s Response to Property Owner’s Concerns: The city continues to negotiate with the property owner.
Recommendation: To avoid delay in the project schedule, 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: 5
Attachments
Attachment(s): Map