Title
Charlotte Water Property Transactions - Derita Branch Tributary Sanitary Sewer Improvements Project, Parcel #28
Action
Action: Approve the following Condemnation: Derita Branch Tributary Sanitary Sewer Improvements Project, Parcel #28
Body
Project: Derita Branch Tributary Sanitary Sewer Improvements Project, Parcel #28
Owner(s): KT Trading, LLC
Property Address: 4750 Reagan Drive
Total Parcel Area: 247,229 SF (5.68 ac)
Property to be acquired by Easements: 13,841 sq. ft. (0.32 ac.) in Sanitary Sewer Easement, plus 3,854 sq. ft. (0.09 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: I-1 (CD)
Use: Industrial
Tax Code: 087-071-03
https://polaris3g.mecklenburgcountync.gov/#mat=351552&pid=08707103&gisid=08707103
Appraised Value: $20,600
Property Owner’s Concerns: The property owner is concerned about the amount of compensation offered.
City’s Response to Property Owner’s Concerns: The City informed the property owner they could obtain their own appraisal in order to justify a counteroffer.
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: 1