Title
Property Transactions - Tuckaseegee-Berryhill-Thrift Roundabout, Parcel #9
Action
Action: Approve the following Condemnation: Tuckaseegee-Berryhill-Thrift Roundabout, Parcel #9
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 #9
Owner(s): 2317 Thrift Holdings, LLC
Property Address: 1225 Berryhill Road
Total Parcel Area: 30,618 sq. ft. (.703 ac.)
Property to be acquired by Easements: 478 sq. ft. (.011 ac.) in Sidewalk Utility Easement, 71 sq. ft. (.002 ac.) in Utility Easement, plus 1,689 sq. ft. (.039 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: I-2
Use: Industrial
Tax Code: 071-051-16
Appraised Value: $3,750
Recommendation: We are currently waiting on signed documents but 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