Title
Property Transactions - XCLT Craighead to Tryon, parcel #1
Action
Action: Approve the following Condemnation: XCLT Craighead to Tryon, parcel #1
Body
Project: XCLT Craighead to Tryon, parcel #1
Program: XCLT Craighead to Tryon
Owner(s): 3826 Raleigh Street LLC
Property Address: 3800 and 3826 Raleigh Street
Total Parcel Area: 210,422 sq. ft. (3.36 ac.)
Property to be acquired by Easements: 3,937 sq. ft. (0.09 ac.) Greenway Easement, 10,883 sq. ft. (0.25 ac.) Utility Easement, 274 sq. ft. (0.006 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: TOD-CC
Use: Transit Oriented Development - Commercial Center
Tax Code: 091-072-01
https://polaris3g.mecklenburgcountync.gov/#mat=347658&pid=09107201&gisid=09107201
Appraised Value: $370,125
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