Title
Property Transactions - Lakeview Road Farm to Market, Parcel #7
Action
Action: Approve the following Condemnation: Lakeview Road Farm to Market, Parcel #7
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 #7
Owner(s): Eastgroup Properties, L.P.
Property Address: 6051 Lakeview Road
Total Parcel Area: 466,251 sq. ft. (10.704 ac.)
Property to be acquired by Easements: 1,731 sq. ft. (0.04 ac.) in Storm Drainage Easement, plus 6,920 sq. ft. (0.159 ac.) in Sidewalk and Utility Easement, plus 9,386 sq. ft. (0.215 ac.) in Temporary Construction Easement
Structures/Improvements to be impacted: Sign
Landscaping to be impacted: Trees and various plantings
Zoned: I-2
Use: Industrial
Tax Code: 025-022-07,
<http://polaris3g.mecklenburgcountync.gov/#mat=561168&pid=02502207&gisid=02502207>
Appraised Value: $29,425
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