Title
Property Transactions - Rocky River Road Improvement, Parcel #8
Action
Action: Approve the following Condemnation: Rocky River Road Improvement, Parcel #8
Body
Project: Rocky River Road Improvement, Parcel #8
Owner(s): Oxford Gateway Apartments LLC
Property Address: 7232 West Rocky River Road
Total Parcel Area: 654,214 sq. ft. (15.019 ac.)
Property to be acquired by Fee: 5,355 sq. ft. (.123 ac.) in Fee Simple, plus 3,231 sq. ft. (.074 ac.) in Fee Simple within Existing Right-of-Way
Property to be acquired by Easements: 654 sq. ft. (.015 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: TOD
Use: Commercial
Tax Code: 049-181-03
Appraised Value: $0
Outstanding Concerns: Legal negotiations are ongoing in regards to the easement language.
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