Title
Property Transactions - Tryon Street - 36th Street Streetscape, Parcel #10
Action
Action: Approve the following Condemnation: Tryon Street - 36th Street Streetscape, Parcel #10
Body
Project: Tryon Street - 36th Street Streetscape, Parcel #10
Program: Tryon Street - 36th Street Streetscape
Owner(s): Carolina National Investment LLC
Property Address: 110 East 36th Street and 3222 North Tryon Street
Total Parcel Area: 30,267 sq. ft. (0.69 ac.)
Property to be acquired by Fee: 770 sq. ft. (0.017 ac.) Fee Simple
Property to be acquired by Easements: 50 sq. ft. (0.001 ac.) Utility Easement, 2,381 sq. ft. (0.055 ac.) Sidewalk Utility Easement, 1,339 sq. ft. (0.031 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: Barrier post and asphalt
Landscaping to be impacted: Trees
Zoned: TOD-CC
Use: Transit Oriented Development - Community Center
Tax Code: 083-031-30
https://polaris3g.mecklenburgcountync.gov/#mat=586220&pid=08303130&gisid=08303130
Appraised Value: $105,650
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 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: 1