Title
Transfer of City-owned Property at 829 Belmont Avenue
Action
Action:
A. Approve the transfer of 0.17 acre of vacant land at 829 Belmont Avenue (parcel identification number 081-099-05) to Mecklenburg County, and
B. Authorize the City Manager to negotiate and execute all documents necessary to complete the transfer.
Body
Staff Resource(s):
Mike Davis, Engineering and Property Management
Tony Korolos, Engineering and Property Management
Explanation
§ A transfer of 829 Belmont Avenue to Mecklenburg County for the Little Sugar Creek Greenway is requested for approval.
- The transfer will include a deed restriction requiring the property be used only for open area and/or stream improvement and enhancement.
§ The property is a vacant parcel located in the Belmont neighborhood and was acquired in 2005 by foreclosure for nonpayment of loans issued by the City. The residence was subsequently demolished.
§ It has been determined the property is not suitable for affordable housing due to topography, and the presence of a surface water improvement and management buffer, post construction buffer and floodplain covering the majority of the property.
§ A value estimate of the property established a fair market value of approximately $21,000 due to title issues and other encumbrances including topography, buffer and floodplain.
§ The Planning Committee of the Charlotte Mecklenburg Planning Commission approved the Planning staff’s recommendation the property be used for the Little Sugar Creek Greenway.
§ The transfer is consistent with City Council’s City-Owned Real Estate and Facilities Policy because it supports the development of the Mecklenburg County greenway in the Belmont Neighborhood.
Attachments
Attachment(s)
Map