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File #: 15-13993    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 8/7/2020 In control: City Council Business Meeting
On agenda: 9/14/2020 Final action:
Title: Acquire Land for Charlotte Water Elevated Water Storage Tank
Attachments: 1. Map_Acquire Land for Charlotte Water Elevated Water Storage Tank.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideoAudio
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Title

Acquire Land for Charlotte Water Elevated Water Storage Tank

 

Action

Action:

A.                     Approve the purchase of 232 West Woodlawn Road (Parcel Identification Number 169-033-06) in the amount of $1,787,100, and

 

B.                     Authorize the City Manager to execute all necessary documents to complete the transaction.

 

Body

Staff Resource(s):

Phil Reiger, General Services

Jennifer Smith, General Services

David Czerr, Charlotte Water

 

Explanation

§                     The 2015 Water System Master Plan includes four new elevated water storage tanks to meet capacity demands in the next 10 years. With the value of land rising in Mecklenburg County, Charlotte Water is working to acquire properties for these tanks in 2020.

§                     One zone requiring construction of a new elevated water storage tank is in north Charlotte, in Council District 3.   

§                     A privately-owned property of approximately 3.885 acres, located within this zone, at 232 W. Woodlawn Road was identified as the most suitable location for the new elevated water storage tank based on proximity to water lines, hydraulic models, the ground elevation, topography, and results of geotechnical and environmental studies on the site. 

§                     The terms of the acquisition are as follows:

-                     Purchase price: $1,787,100,

-                     Due diligence: 120 days, and

-                     Closing: 30 days.

§                     Following acquisition, construction is planned to begin in 2025.

 

Fiscal Note

Funding:  Charlotte Water Capital Investment Plan

 

Attachments

Attachment(s)

Map