Title
Property Transactions - Rocky River Road Improvement, Parcel #3
Action
Action: Approve the following Condemnation: Rocky River Road Improvement, Parcel #3
Body
Project: Rocky River Road Improvement, Parcel #3
Owner(s): Charlotte Student Housing DST
Property Address: 911 Sanctuary Place
Total Parcel Area: 991,056 sq. ft. (22.751 ac.)
Property to be acquired by Fee: 4,233 sq. ft. (.097 ac.) in Fee Simple
Property to be acquired by Easements: 238 sq. ft. (.005 ac.) in Storm Drainage Easement, plus 1,157 sq. ft. (.027 ac.) in Sidewalk and Utility Easement, plus 4,277 sq. ft. (.098 ac.) in Temporary Construction Easement, plus 2,353 sq. ft. (.054 ac.) in Utility Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees, shrubs and various plantings
Use: Commercial
Tax Code: 049-231-52
Appraised Value: $26,625
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