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File #: 15-14288    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 9/25/2020 In control: City Council Business Meeting
On agenda: 10/26/2020 Final action:
Title: Property Transactions - I-85 North Bridge, Parcel #6.1
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideoAudio
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Property Transactions - I-85 North Bridge, Parcel #6.1



Action:                     Approve the following Acquisition: I-85 North Bridge, Parcel #6.1



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.

Project: I-85 North Bridge, Parcel #6.1

Owner(s): Sams Real Estate Business Trust


Property Address: 605 Doug Mayes Place


Total Parcel Area: 522,678 sq. ft. (11.999 ac.)


Property to be acquired by Easements: 12,192 sq. ft. (0.28 ac.) in Post Construction Controls Easement


Structures/Improvements to be impacted: None


Landscaping to be impacted:  None


Zoned: CC


Use: Commercial


Tax Code: 047-201-39


Purchase Price: $43,900


Council District: 4