Title
Property Transactions - Rocky River Road Improvement, Parcels #30, 31, 32, and 33
Action
Action: Approve the following Condemnation: Rocky River Road Improvement,
Parcels #30, 31, 32, and 33
Body
Project: Rocky River Road Improvement, Parcels #30, 31, 32, and 33
Owner(s): Adams Homes AEC, LLC
Property Address: 7506, 7510, 7514 and 7518 Rockland Drive
Total Parcel Area: 32,206 sq. ft. (.739 ac.)
Property to be acquired by Fee: 32,206 sq. ft. (.739 ac.) in Fee Simple
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-3
Use: Single-family Residential
Tax Code: 049-222-71, 049-222-69, 049-222-68 and 049-222-70
Appraised Value: $44,000
Counter Offer: $120,000
Property Owner’s Concerns: Property owner is concerned with the compensation amount offered.
City’s Response to Property Owner’s Concerns: Staff informed property owner they could obtain their own appraisal in order to justify a counter offer.
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: 4