Title
Property Transactions - State Street Pedestrian Improvement, Parcel #4
Action
Action: Approve the following Condemnation: State Street Pedestrian Improvement, Parcel #4
Body
Project: State Street Pedestrian Improvement, Parcel #4
Owner(s): 2030 South Tryon, LLC
Property Address: 524 State Street
Total Parcel Area: 13,420 sq. ft. (.308 ac.)
Property to be acquired by Easements: 133 sq. ft. (.003 ac.) in Sidewalk and Utility Easement, plus 220 sq. ft. (.005 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: O-2
Use: Single-family Residential
Tax Code: 071-105-03
Appraised Value: $1,800
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: 2