Title
Property Transactions - Lakeview-Reames Intersection Improvements, Parcel #35
Action
Action: Approve the following Condemnation: Lakeview-Reames Intersection Improvements, Parcel #35
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 and Federal Transit Administration reimbursement.
Body
Project: Lakeview-Reames Intersection Improvements, Parcel #35
Owner(s): Renee Maxwell
Property Address: Lakeview Road
Total Parcel Area: 89,670 sq. ft. (2.059 ac.)
Property to be acquired by Fee: 7,068 sq. ft. (.162 ac.) in Fee Simple within Existing Right-of-Way
Property to be acquired by Easements: 301 sq. ft. (.007 ac.) in Storm Drainage Easement, plus 553 sq. ft. (.013 ac.) in Waterline Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-4
Use: Single-family Residential
Tax Code: 025-134-39
Appraised Value: $225
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