Title
Property Transactions - Cross Charlotte Trail Brandywine - Tyvola, Parcel #26
Action
Action: Approve the following Condemnation: Cross Charlotte Trail Brandywine - Tyvola, Parcel #26
Body
Project: Cross Charlotte Trail Brandywine - Tyvola, Parcel #26
Owner(s): WMCI Charlotte XV, LLC
Property Address: 4943 Park Road
Total Parcel Area: 169,609 sq. ft. (3.894 ac.)
Property to be acquired by Fee: 13,537 sq. ft. (.311 ac.) in Fee Simple
Property to be acquired by Easements: 8,710 sq. ft. (.199 ac.) in Greenway Easement, plus 1,481 sq. ft. (.034 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-43MF
Use: Multi-family
Tax Code: 175-121-03
Appraised Value: $57,600
Property Owner’s Concerns: The property owner is concerned with the easement language and has requested revisions. Property owner is awaiting lender approval.
City’s Response to Property Owner’s Concerns: Revision to the agreement language is in process.
Recommendation: To avoid delay in the project schedule, the city 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: 6