Title
Property Transactions - Monroe Road Streetscape, parcel #18 and 20
Action
Action: Approve the following Condemnation: Monroe Road Streetscape, parcel #18 and 20
Body
Project: Monroe Road Streetscape, parcel #18 and 20
Program: Monroe Road Streetscape
Owner(s): Momar Realty LLC
Property Address: 4326 Monroe Road
Total Parcel Area: 124,581 sq. ft. (2.86 ac.)
Property to be acquired by Easements: 2,580 sq. ft. (0.059 ac.) Utility Easement, 434 sq. ft. (0.01 ac.) Storm Drainage Easement, 2,297 sq. ft. (0.053 ac.) Sidewalk Utility Easement, 1,934 sq. ft. (0.044 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: Sign
Landscaping to be impacted: Trees and shrubs
Zoned: B-2 and I-1
Use: Business District and Industry
Tax Code: 16107123, 16107135
https://polaris3g.mecklenburgcountync.gov/#mat=128927&pid=16107123&gisid=16107123
https://polaris3g.mecklenburgcountync.gov/#mat=129183&pid=16107135&gisid=16107135
Appraised Value: $101,794
Property Owner’s Concerns: None
City’s Response to Property Owner’s Concerns: N/A
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: 5