Title
Property Transactions - Shamrock Drive Street Upgrades (Eastway to the Plaza), Parcel #2
Action
Action: Approve the following Condemnation: Shamrock Drive Street Upgrades (Eastway to the Plaza), Parcel #2
Body
Project: Shamrock Drive Street Upgrades (Eastway to the Plaza), Parcel #2
Owner(s): Guy Properties, LLC
Property Address: 1700 and 1704 Shamrock Drive
Total Parcel Area: 10,611 sq. ft. (.244 ac.)
Property to be acquired by Fee: 10,611 sq. ft. (.244 ac.) in Fee Simple
Structures/Improvements to be impacted: Commercial building
Landscaping to be impacted: None
Zoned: B-1
Use: Commercial
Tax Code: 093-103-13
Appraised Value: $390,000
Property Owner’s Concerns: Property owner is concerned with the amount of compensation being offered.
City’s Response to Property Owner’s Concerns: Staff explained the property owner could present a counter offer with justification.
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: 1