Title
Property Transactions - XCLT Craighead to Tryon, parcel #5
Action
Action: Approve the following Condemnation: XCLT Craighead to Tryon, parcel #5
Body
Project: XCLT Craighead to Tryon, parcel #5
Program: XCLT Craighead to Tryon
Owner(s): Trailhead 4100 Owner LLC
Property Address: 4100 Raleigh Street
Total Parcel Area: 146,168 sq. ft. (3.36 ac.)
Property to be acquired by Easements: 147 sq. ft. (0.003 ac.) Greenway Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: TOD-M(O)
Use: Transit Oriented Development - Mixed use, Optional
Tax Code: 091-072-04
https://polaris3g.mecklenburgcountync.gov/#mat=586867&pid=09107204&gisid=09107204
Appraised Value: $3,725
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