Title
Property Transactions - Monroe Road Streetscape, Parcel #54
Action
Action: Approve the following Condemnation: Monroe Road Streetscape, Parcel #54
Body
Project: Monroe Road Streetscape, Parcel #54
Program: Monroe Road Streetscape
Owner(s): The Head Shop LLC
Property Address: 4932 Monroe Road
Total Parcel Area: 12,944 sq. ft. (0.30 ac.)
Property to be acquired by Easements: 1,096 sq. ft. (0.025 ac.) Sidewalk Utility Easement, 1,219 sq. ft. (0.028 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: Sign
Landscaping to be impacted: Trees and shrubs
Zoned: O-2
Use: Office District
Tax Code: 161-081-17
https://polaris3g.mecklenburgcountync.gov/#mat=139540&pid=16108117&gisid=16108117
Appraised Value: $21,750
Property Owner’s Concerns: The property owner is concerned about property 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