Title
Property Transactions - Rea Road Widening, Parcel # 3
Action
Action: Approve the following Acquisition: Rea Road Widening, Parcel # 3
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: Rea Road Widening (I-485 to Williams Pond Lane), Parcel # 3
Program: Rea Road Widening (I-485 to Williams Pond Lane)
Owner(s): Agree Convenience No. 1, LLC
Property Address: 5200 Piper Station Drive
Total Parcel Area: 76,857 sq. ft. (1.764 ac.)
Property to be acquired by Easements: 229 sq. ft. (0.005 ac.) Sidewalk Utility Easement and 2,126 sq. ft. (0.049 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and various plantings
Zoned: B-1SCD
Use: Business
Parcel Identification Number(s): 225-045-04
https://polaris3g.mecklenburgcountync.gov/#mat=144625&pid=22504504&gisid=22504504
Purchase Price: $29,050
Council District: 7