Title
Property Transactions - Beckwith - Meadow Drainage Improvements, Parcel #5 and 6
Action
Action: Approve the following Condemnation: Beckwith - Meadow Drainage Improvements, Parcel #5 and 6
Body
Project: Beckwith - Meadow Drainage Improvements, Parcel #5 and 6
Program: Flood Control
Owner(s): Shamrock Holding, LLC
Property Address: 1920 Shamrock Drive
Total Parcel Area: 16,856 sq. ft. (.387 ac.)
Property to be acquired by Fee: 47,777.42 sq. ft. (1.097 ac.) in Fee Simple
Structures/Improvements to be impacted: Commercial building
Landscaping to be impacted: None
Zoned: B-1
Use: Commercial
Tax Code: 093-103-10
Appraised Value: $300,000
Property Owner’s Concerns: Property owner is concerned with the amount of compensation being offered.
City’s Response to Property Owner’s Concerns: Staff informed the property owner they could obtain an appraisal in order to justify a counter offer.
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