Title
Property Transactions - McKee Road and Providence Road Intersection Improvements, Parcel #8
Action
Action: Approve the following Condemnation: McKee Road and Providence Road Intersection Improvements, Parcel #8
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 #8
Owner(s): Car Providence Commons Two, LLC
Property Address: 5130 Ballantyne Commons Parkway
Total Parcel Area: 45,678 sq. ft. (1.049 ac.)
Property to be acquired by Easements: 42 sq. ft. (.001 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: B-1S (CD)
Use: Commercial
Tax Code: 225-112-29
Appraised Value: $150
City’s Response to Property Owner’s Concerns: The property owner has no concerns with the project and has sent all acquisition documents to their legal department for review.
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: 7