Title
Property Transactions - North Bridge over I-85, Parcel # 6
Action
Action: Approve the following Acquisition: North Bridge over I-85, Parcel # 6
Body
This property is acquired in accordance with Federal Guidelines 49 CFR Part 24 of the Uniform Acquisition and Relocation Act of 1970. Acquisition costs are eligible for North Carolina Department of Transportation reimbursement and Federal Transit Administration reimbursement.
Project: North Bridge over I-85, Parcel # 6
Program: North Bridge over I-85
Owner(s): Sam’s Real Estate Business Trust
Property Address: 8909 JW Clay Boulevard and 605 Doug Mayes Place
Total Parcel Area: 518,882 sq. ft. (11.91 ac.)
Property to be acquired by Fee Simple: 23,381 sq. ft. (0.54 ac.) Fee Simple
Property to be acquired by Easements: 13,003 sq. ft. (0.30 ac.) Post Construction Controls Easement, 902 sq. ft. (0.02 ac.) Retaining Wall Easement, 2,597 sq. ft. (0.06 ac.) Sanitary Sewer Easement, 6,349 sq. ft. 0.15 ac.) Sidewalk Utility Easement, 2,965 sq. ft. (0.07 ac.) Storm Drainage Easement, 13,195 sq. ft. (0.30 ac.) Temporary Construction Easement, 12, 094 sq. ft. (0.28 ac.) Utility Easement, 1,243 sq. ft. (0.03 ac.) Waterline Easement
Structures/Improvements to be impacted: Fence and streetlights
Landscaping to be impacted: Trees and various plantings
Zoned: CC
Use: Commercial Center
Parcel Identification Number(s): 047-201-39
https://polaris3g.mecklenburgcountync.gov/#mat=210522&pid=04720139&gisid=04720139
Purchase Price: $617,700
Council District: 4