Title
Property Transactions - Lakeview-Reames Intersection Improvements, Parcel #71
Action
Action: Approve the following Condemnation: Lakeview-Reames Intersection Improvements, Parcel #71
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 #71
Owner(s): Proximity at Northlake, LLC
Property Address: 411 Napa Oak Drive
Total Parcel Area: 539,307 sq. ft. (12.381 ac.)
Property to be acquired by Easements: 133 sq. ft. (0.003 ac.) in Sidewalk and Utility Easement, plus 538 sq. ft. (0.012 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and shrubs
Zoned: UR-2
Use: Multi-family
Tax Code: 025-135-01
Appraised Value: $2,150
Recommendation: To avoid delay in the project schedule, the recommendation is to proceed 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