Title
Property Transactions - Monroe Road Streetscape, Parcel #39
Action
Action: Approve the following Condemnation: Monroe Road Streetscape, Parcel #39
Body
Project: Monroe Road Streetscape, Parcel #39
Program: Monroe Road Streetscape
Owner(s): Quad Holdings of NC LLC
Property Address: 4712 Monroe Road
Total Parcel Area: 29,793 sq. ft. (0.68 ac.)
Property to be acquired by Easements: 158 sq. ft. (0.004 ac.) Sidewalk Utility Easement, 251 sq. ft. (0.006 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and shrubs
Zoned: B-1
Use: Business District
Tax Code: 161-082-22
https://polaris3g.mecklenburgcountync.gov/#mat=135572&pid=16108222&gisid=16108222
Appraised Value: $3,875
Property Owner’s Concerns: The property owner is concerned about the potential impacts to the property and the amount of compensation offered.
City’s Response to Property Owner’s Concerns: The city was able to redesign to accommodate some of the property owner’s design requests and inform 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