Title
Property Transactions - Monroe Road Streetscape, Parcel #37
Action
Action: Approve the following Condemnation: Monroe Road Streetscape, Parcel #37
Body
Project: Monroe Road Streetscape, Parcel #37
Program: Monroe Road Streetscape
Owner(s): 1924-1958 East 7th St LLC
Property Address: 4620 Monroe Road
Total Parcel Area: 34,219 sq. ft. (0.79 ac.)
Property to be acquired by Easements: 2,694 sq. ft. (0.062 ac.) Sidewalk Utility Easement, 3,360 sq. ft. (0.077 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: None
Zoned: B-1
Use: Business District
Tax Code: 161-071-12
https://polaris3g.mecklenburgcountync.gov/#mat=399811&pid=16107112&gisid=16107112
Appraised Value: $48,925
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: 5