Title
Property Transactions - Lakeview Road Farm to Market, Parcels #17 and 18
Action
Action: Approve the following Condemnation: Lakeview Road Farm to Market, Parcels #17 and 18
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 Road Farm to Market, Parcel #17 and 18
Owner(s): State Employees' Credit Union
Property Address: 6124 and 6134 Lakeview Road
Total Parcel Area: 47,058 sq. ft. (1.080 ac.)
Property to be acquired by Fee: 400 sq. ft. (0.009 ac.) in Fee Simple
Property to be acquired by Easements: 536 sq. ft. (0.012 ac.) in Storm Drainage Easement, plus 5,138 sq. ft. (0.118 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: R-MH
Use: Industrial
Tax Code: 037-258-04, <http://polaris3g.mecklenburgcountync.gov/#pid=03725804&gisid=03725804>
037-258-02, <http://polaris3g.mecklenburgcountync.gov/#mat=439817&pid=03725802&gisid=03725802>
Appraised Value: $18,900
Property Owner’s Concerns: Property owner was concerned with the project construction impacting their construction on the property.
City’s Response to Property Owner’s Concerns: The city explained that the project construction would coordinate with their construction on the property to not interfere with each other.
Recommendation: To proceed with 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