Title
Property Transactions - Idlewild and Monroe Intersection - Phase II, Parcel #40
Action
Action: Approve the following Condemnation: Idlewild and Monroe Intersection - Phase II, Parcel #40
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 and Monroe Intersection - Phase II, Parcel #40
Program: Idlewild and Monroe Intersection - Phase II
Owner(s): Independence Shopping Center Charlotte NC L.P.
Property Address: 5622 East Independence Boulevard
Total Parcel Area: 587,632 sq. ft. (13.49 ac.)
Property to be acquired by Easements: 2,501 sq. ft. (0.057 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: B-2
Use: Business
Tax Code: 191-011-02 https://polaris3g.mecklenburgcountync.gov/#mat=152655&pid=19101102&gisid=19101102
Appraised Value: $9,625
Property Owner’s Concerns: The property owner is concerned about the potential impacts to the property and the amount of compensation offered.
City’s Response to Property Owner’s Concerns The city explained the rationale of the design and how it meets the objectives for the project and informed the property owner 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: 5