Title
Property Transaction Related to Hambright Park and Ride
Action
Action:
A. Approve payment to the North Carolina Department of Transportation for removal of a Deed Restriction (a property interest), in the amount of $141,450, and
B. Adopt a budget ordinance appropriating $141,450 from Beltway 77 Phase I Owner, LLC to the CATS Capital Projects Fund.
Body
Staff Resource(s):
Brent Cagle, CATS
Kelly Goforth, CATS
Lori Lencheski, CATS
Explanation
* In July 2021, the North Carolina Department of Transportation (NCDOT) conveyed to the City of Charlotte a 21.182-acre site in Huntersville, NC along Hambright Road, at no cost, for the purpose of building a Park and Ride Facility.
* As part of the conveyance, NCDOT included a deed restriction that stated if the property was no longer used for a public purpose, the property would revert to NCDOT, and NCDOT would have the right to terminate all rights, titles, and interests held by the City of Charlotte.
* Plans for the CATS Park & Ride Facility initially included a driveway connection onto Hambright Road, which was designed to allow for a future roadway to extend through the adjacent property to Alexandriana Road.
* In 2022, the adjacent property owner, Beltway 77 Phase I Owner LLC (Beltway 77), approached CATS with a proposal to pay for and construct a road from Hambright Road to Alexandriana Road. The Town of Huntersville is supportive of this proposal and has approved the developer's site plan.
* The proposal would provide CATS with more direct access to the park-and-ride lot than the initially proposed driveway, provide access for the Beltway 77 development, and improve connectivity in the area.
* As a standard requirement for development along state-owned roads, NCDOT requires a dedication of 50-feet of right-of-way along Hambright Road. This dedication must occur for NCDOT to issue a driveway permit for the new road to be constructed by Beltway 77.
* NCDOT is requiring that the city pay NCDOT for the...
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