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File #: 15-14464    Version: 1 Name:
Type: Consent Item Status: Agenda Ready
File created: 10/19/2020 In control: City Council Business Meeting
On agenda: 11/9/2020 Final action:
Title: Property Transactions - I-85 North Bridge, Parcels #4.1, 4
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Title

Property Transactions - I-85 North Bridge, Parcels #4.1, 4

 

Action

Action:                     Approve the following Condemnation: I-85 North Bridge, Parcels #4.1, 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 and Federal Transit Administration reimbursement.

 

Project: I-85 North Bridge, Parcels #4.1, 4


Owner(s): Polymers Center of Excellence INC

 

Property Address: 8900 Research Drive

 

Total Parcel Area: 865,879 sq. ft. (19.878 ac.)

 

Property to be acquired by Easements: 23,287 sq. ft. (0.535 ac.) in Sidewalk and Utility Easement, 25,007 sq. ft. (0.574 ac.) in Slope Easement, 33,331 sq. ft. (0.765 ac.) in Right-of-Way and Utility Easement, 680 sq. ft. (0.016 ac.) in Waterline Easement, 71,108 sq. ft. (1.632 ac.) in Temporary Construction Easement, 19,516 sq. ft. (0.448 ac.) in Utility Easement, 116,453 sq. ft. (2.673 ac.) in Right-of-Way Easement

 

Structures/Improvements to be impacted: Fence

 

Landscaping to be impacted: Trees

 

Zoned: RE-2

 

Use: Laboratory / Research

 

Tax Code: 047-141-03

https://polaris3g.mecklenburgcountync.gov/#mat=210177&pid=04714103&gisid=04714103

 

Appraised Value: $613,050

 

Property Owner’s Concerns: The property owner is concerned about the amount of compensation offered.

 

City’s Response to Property Owner’s Concerns: The city informed the property owner's representative they could obtain their own appraisal in order to justify a counteroffer.

 

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: 4