Title
Property Transactions - XCLT Craighead to Tryon, parcel #3
Action
Action: Approve the following Condemnation: XCLT Craighead to Tryon, parcel #3
Body
Project: XCLT Craighead to Tryon, parcel #3
Program: XCLT Craighead to Tryon
Owner(s): Triple Crown LLC
Property Address: 3934 Raleigh Street and 453 East Craighead Road
Total Parcel Area: 201,537 sq. ft. (4.63 ac.)
Property to be acquired by Easements: 3,122 sq. ft. (0.072 ac.) Greenway Easement, 836 sq. ft. (0.019 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: 091-072-02
https://polaris3g.mecklenburgcountync.gov/#mat=558671&pid=09107202&gisid=09107202
Appraised Value: $63,375
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