Title
Property Transactions - Rea Road Widening, Parcel # 9
Action
Action: Approve the following Acquisition: Rea Road Widening, Parcel # 9
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: Rea Road Widening (I-485 to Williams Pond Lane), Parcel # 9
Program: Rea Road Widening (I-485 to Williams Pond Lane)
Owner(s): 2017-1 1H Borrower L.P.
Property Address: 11514 Falling Leaves Drive
Total Parcel Area: 10,599 sq. ft. (0.243 ac.)
Property to be acquired by Easements: 830 sq. ft. (0.019 ac.) Utility Easement, 712 sq. ft. (0.016 ac.) Sidewalk Utility Easement and 1,072 sq. ft. (0.025 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees
Zoned: N1-A
Use: Neighborhood 1 Zoning District
Parcel Identification Number(s): 225-044-06
https://polaris3g.mecklenburgcountync.gov/#mat=19082&pid=22504406&gisid=22504406
Purchase Price: $75,000
Council District: 7