Title
Property Transactions - Tuckaseegee-Berryhill-Thrift Roundabout, Parcel #11
Action
Action: Approve the following Condemnation: Tuckaseegee-Berryhill-Thrift Roundabout, Parcel #11
Body
Project: Tuckaseegee-Berryhill-Thrift Roundabout, Parcel #11
Owner(s): Ivin-Eva Properties, LLC
Property Address: 2401 Tuckaseegee Road
Total Parcel Area: 65,519 sq. ft. (1.504 ac.)
Property to be acquired by Fee: 3,924 sq. ft. (.09 ac.) in Fee Simple
Property to be acquired by Easements: 2,253 sq. ft. (.052 ac.) in Sidewalk and Utility Easement, plus 3,711 sq. ft. (.085 ac.) in Temporary Construction Easement, plus 664 sq. ft. (.015 ac.) in Utility Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and shrubs
Zoned: B-1
Use: Commercial
Tax Code: 071-061-15
Appraised Value: $48,725
Property Owner’s Concerns: The property owner is concerned with the amount of compensation being offered.
City’s Response to Property Owner’s Concerns: Staff informed the property owner and their representative that they could submit a counter offer with justification for review and consideration.
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: 3