Title
Property Transactions - Rea Road Widening (I-485 to Williams Pond Lane), Parcel # 4
Action
Action: Approve the following Acquisition: Rea Road Widening (I-485 to Williams Pond Lane), Parcel # 4
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)
Program: Rea Road Widening (I-485 to Williams Pond Lane)
Owner(s): Colony at Piper Glen, LLC
Property Address: 7810 Ballantyne Commons Parkway and 5231 & 5235 Piper Station Drive
Total Parcel Area: 307,392 sq. ft. (7.057 ac.)
Property to be acquired by Fee Simple: 3,363 sq. ft. (0.077 ac.) Fee Simple Outside Existing Right-of-Way
Property to be acquired by Easements: 5,381 sq. ft. (0.124 ac.) Sidewalk Utility Easement, 7,221 sq. ft. (0.166 ac.) Permanent Utility Easement, 975 sq. ft. (0.022 ac.) Storm Drainage Easement and 8,584 sq. ft. (0.197 ac.) Temporary Construction Easement
Structures/Improvements to be impacted: None
Landscaping to be impacted: Trees and various plantings
Zoned: NS & B-1SCD
Use: Neighborhood Service District & Business Conditional Zoning
Parcel Identification Number(s): 225-045-05
https://polaris3g.mecklenburgcountync.gov/#mat=703326&pid=22504505&gisid=22504505
Purchase Price: $444,600
Council District: 7