Title
Property Transactions - Lakeview-Reames Intersection Improvements, Parcel #54
Action
Action: Approve the following Condemnation: Lakeview-Reames Intersection Improvements, Parcel #54
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 #54
Owner(s): Veronica B. Watkins
Property Address: 8449 Reams Road
Total Parcel Area: 20,621 sq. ft. (.473 ac.)
Property to be acquired by Fee: 1,420 sq. ft. (.033 ac.) in Fee Simple
Property to be acquired by Easements: 342 sq. ft. (.008 ac.) in Sidewalk and Utility Easement, plus 605 sq. ft. (.014 ac.) in Waterline Easement, plus 4,828 sq. ft. (.111 ac.) in Temporary Construction Easement, plus 100 sq. ft. (.002 ac.) in Utility Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees
Zoned: R-3
Use: Single-family Residential
Tax Code: 037-162-12
Appraised Value: $37,850
Recommendation: To obtain clear title and avoid delay in the project schedule, staff recommends proceeding to condemnation.
Council District: 2