Title
Resolution Authorizing Purchase in the Amount of $230,000 of the Entire Property Located at 3610 Chance Road for the Horse Pen Creek Road Widening Project
Body
Department: Engineering & Inspections
Council District: 4
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Ted Partrick 373-2302
Contact 2 and Phone: Adam Fischer 373-2861
PURPOSE:
The Property Management Section of the Engineering & Inspections Department is in the process of acquiring property for the Horse Pen Creek Road Widening Project. Purchase of the entire property located at 3610 Chance Road is required. City Council approval is requested for the acquisition of this property.
BACKGROUND:
The Transportation Department has approved the widening of Horse Pen Creek Road with construction beginning in 2016. The City Council authorized this roadway improvement project at a public meeting on March 15, 2011.
The widening of Horse Pen Creek Road will accommodate projected future traffic volumes caused by anticipated growth along the corridor and in Northwest Greensboro. Congested conditions occur during peak travel periods and the current traffic volume greatly exceeds the capacity of the existing roadway. The proposed project will relieve congestion on Battleground Avenue, improve safety throughout the corridor, and provide enhanced pedestrian and bicycle mobility. The roadway will be widened from two lanes to four lanes with curb and gutter, sidewalks, bicycle lanes, and a raised landscaped median.
The subject property is parcel #0097303, located at 3610 Chance Road at the corner of Horse Pen Creek Road. The existing house is in the new path of the right-of-way. It is owned by Janice R. Mereba. Approval is requested for the acquisition of the entire property, which was appraised by Jeffrey McKee of Colvin, Sutton, Winters & Associates, LLC at a value of $200,000. The Federal Government requires that government entities pay replacement housing payments to people who are required to move from their primary residence due to government takings. This property owner qualifies for that payment, which in this case would be $19,000. The value of the property and this payment equal $219,000. After negotiations, the owner has agreed to a total payment of $230,000.
The property is zoned R-5 (Residential Single Family). It includes 9,583 SF (0.22 acres) with a 2,630 SF home, which will be demolished for the project.
BUDGET IMPACT:
Funding in the amount of $230,000 for this acquisition is budgeted in Account: #471-4502-08.6012, Activity: #A14074. A budget adjustment is required to move funding from the 2008 Bond Fund Holding Account in to the project account to fund this right of way purchase as well as other ROW purchases associated with this project.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering & Inspections Department recommends and requests that City Council approve this acquisition in the amount of $230,000 and approve the associated budget adjustment.