Title
Property Transactions - Shade Valley Road Realignment and Roundabout, Parcel #2
Action
Action: Approve the following Condemnation: Shade Valley Road Realignment and Roundabout, Parcel #2
Body
Project: Shade Valley Road Realignment and Roundabout, Parcel #2
Program: Shade Valley Road Realignment and Roundabout
Owner(s): State Employees’ Credit Union
Property Address: 4733 Monroe Road
Total Parcel Area: 78,302 sq. ft. (1.80 ac.)
Property to be acquired by Fee: 164 sq. ft. (0.03 ac.) Fee Simple
Property to be acquired by Easements: 3,925 sq. ft. (0.09 ac.) Utility Easement, 238 sq. ft. (0.005 ac.) Storm Drainage Easement, 1,885 sq. ft. (0.043 ac.) Sidewalk Utility Easement, 2,326 sq. ft. (0.053 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: NS
Use: Neighborhood Service district
Tax Code: 161-052-22
https://polaris3g.mecklenburgcountync.gov/#mat=607110&pid=16105222&gisid=16105222
Appraised Value: $71,400
Property Owner’s Concerns: None
City’s Response to Property Owner’s Concerns: N/A
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