Title
Property Transactions - Idlewild/Monroe Intersection - Phase I, Parcel #2
Action
Action: Approve the following Condemnation: Idlewild/Monroe Intersection - Phase I, Parcel #2
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: Idlewild/Monroe Intersection - Phase I, Parcel #2
Program: Idlewild/Monroe Intersection - Phase I
Owner(s): Old Monroe Plaza Owners Association Inc
Property Address: 5800 Monroe Road
Total Parcel Area: 58,200 sq. ft. (1.34 ac.)
Property to be acquired by Easements: 1,178 sq. ft. (0.027 ac.) Temporary Construction Easement, 870 sq. ft. (0.02 ac.) Waterline Easement
Structures/Improvements to be impacted: N/A
Landscaping to be impacted: Trees
Zoned: O-1
Use: Office District
Tax Code: 163-05C-99
https://polaris3g.mecklenburgcountync.gov/#mat=240259&pid=16305155&gisid=16305C99
Appraised Value: $12,850
Property Owner’s Concerns: None
City’s Response to Property Owner’s Concerns: N/A
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: 5