Title
Property Transactions - Idlewild/Monroe Intersection - Phase I, Parcel #15, 19, 35, and 37
Action
Action: Approve the following Acquisition: Idlewild/Monroe Intersection - Phase I, Parcel #15, 19, 35, and 37.
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 #15, 19, 35, and 37.
Program: Idlewild/Monroe Intersection - Phase I
Owner(s): Hendrick Automotive Group
Property Address: 6000 Monroe Road, 2525, 2301 and 2315 Rama Road
Total Parcel Area: 284,831 sq. ft. (6.54 ac.)
Property to be acquired by Fee: 12,330 sq. ft. (0.28 ac.) Fee Simple
Property to be acquired by Easements: 7,276 sq. ft. (0.167 ac.) Post Construction Controls Easement, 168 sq. ft. (0.004 ac.) Bus Stop Improvement Easement, 3,849 sq. ft. (0.088 ac.) Utility Easement, 348 sq. ft. (0.008 ac.) Retaining Wall Easement, 192 sq. ft. (0.004 ac.) Storm Drainage Easement, 10,374 sq. ft. (0.238 ac.) Sidewalk Utility Easement, 13,830 sq. ft. (0.317 ac.) Temporary Construction Easement, 6,143 sq. ft. (0.141 ac.) Waterline Easement.
Structures/Improvements to be impacted: None
Landscaping to be impacted: N/A
Zoned: O-1
Use: Office District
Tax Code: 163-051-20, 163-051-18, 163-051-17, 163-051-32
https://polaris3g.mecklenburgcountync.gov/#mat=550807&pid=16305120&gisid=16305120
https://polaris3g.mecklenburgcountync.gov/#mat=80712&pid=16305118&gisid=16305118
https://polaris3g.mecklenburgcountync.gov/#mat=79014&pid=16305117&gisid=16305117
https://polaris3g.mecklenburgcountync.gov/#mat=79965&pid=16305132&gisid=16305132
Purchased Price: $581,525
Council District: 5