Title
Property Transactions - XCLT Davidson to Matheson, Parcel #3
Action
Action: Approve the following Condemnation: XCLT Davidson to Matheson, Parcel #3
Body
Project: XCLT Davidson to Matheson, Parcel #3
Program: XCLT Davidson to Matheson
Owner(s): Fountains Noda Holdings LLC
Property Address: 511 East 25th Street
Total Parcel Area: 116,582 sq. ft. (2.676 ac.)
Property to be acquired by Easements: 215 sq. ft. (0.005 ac.) Greenway Easement, 3,002 sq. ft. (0.069 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: TOD-UC
Use: Transit Oriented District - Urban Center
Tax Code: 083-053-08
https://polaris3g.mecklenburgcountync.gov/#mat=367992&pid=08305308&gisid=08305308
Appraised Value: $19,950
Property Owner’s Concerns: The property owner is concerned about the potential impacts to the property.
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.
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