Title
Property Transactions - Lakeview Road Farm to Market, Parcel #4
Action
Action: Approve the following Condemnation: Lakeview Road Farm to Market, Parcel #4
Body
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.
Project: Lakeview Road Farm to Market, Parcel #4
Owner(s): U.S. 21 Holding Company, LLC
Property Address: 8431 Statesville Road
Total Parcel Area: 491,391 sq. ft. (11.281 ac.)
Property to be acquired by Easements: 445 sq. ft. (0.01 ac.) in Sidewalk and Utility Easement, plus 3,250 sq. ft. (0.075 ac.) in Temporary Construction Easement, plus 1,915 sq. ft. (0.044 ac.) in Utility Easement
Structures/Improvements to be impacted: Fence
Landscaping to be impacted: Trees
Zoned: I-1
Use: Industrial
Tax Code: 025-122-05,
<http://polaris3g.mecklenburgcountync.gov/#mat=204676&pid=02512205&gisid=02512205>
Appraised Value: $7,025
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