Title
Property Transactions - Tuckaseegee - Berryhill - Thrift Roundabout, Parcel #8
Action
Action: Approve the following Condemnation: Tuckaseegee - Berryhill - Thrift Roundabout, Parcel #8
This property is acquired in accordance with Federal Guidelines 49 CFR Part 24 of the Uniform Acquisition and Relocation Act of 1970. Acquisition costs are eligible for North Carolina Department of Transportation reimbursement.
Body
Project: Tuckaseegee - Berryhill - Thrift Roundabout, Parcel #8
Owner(s): Julian Dean Melton
Property Address: 2337 Thrift Road
Total Parcel Area: 13,685 sq. ft. (.314 ac.)
Property to be acquired by Fee: 1,337 sq. ft. (.031 ac.) in Fee Simple
Property to be acquired by Easements: 3,248 sq. ft. (.075 ac.) in Sidewalk and Utility Easement, plus 359 sq. ft. (.008 ac.) in Temporary Construction Easement, plus 46 sq. ft. (.001 ac.) in Utility Easement
Structures/Improvements to be impacted: Sign and parking spaces
Landscaping to be impacted: None
Zoned: I-2
Use: Commercial
Tax Code: 071-051-15
Appraised Value: $45,775
Amount Withheld for Environmental Mitigation, per Federal Guidelines: $15,000
Initial Deposit Amount: $30,775
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