Title
Resolution Approving the Appraisal and Authorizing the Acquisition of Property at 2110 High
Point Road for the High Point Road Streetscape Project
Body
Department: Engineering & Inspections and Transportation
Council District: 4
Public Hearing: N/A
Advertising Date/By:
Contact 1 and Phone: Ted Partrick, 373-2302
Contact 2 and Phone: Adam Fisher, 373-2861
PURPOSE: The Property Management Section of the Engineering & Inspections Department is
in the process of acquiring right of way and easements for the High Point Road Streetscape
Project. City Council approval is requested for the acquisition of this property.
BACKGROUND:
The Transportation Department has an approved streetscape project on Lee Street and High
Point Road. The current Phase I includes the section from Coliseum Boulevard to Pinecroft
Road. The project will enhance the corridor's visual appeal, safety, pedestrian and bicycle
facilities, and transit mobility. Construction is scheduled to start in September.
The subject property is parcel #0016600 at 2110 High Point Road. It is owned by Vertellus
Performance Materials. The property to be acquired was appraised by Steven C. Randall of
Foster Appraisals with a value of $16,388.00. The owner has agreed to accept the appraised
value.
The property is zoned H-I (Heavy Industrial). The right of way taking is 1,414 Sq. Ft. (0.03
acres), along with a temporary construction easement of 26,623 Sq. Ft. (0.61 acres).
BUDGET IMPACT:
Funding in the amount of $16,388.00 from 2008 Transportation Bond Funds for this acquisition
is budgeted in account #471-4502-12.6012 A13106.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering & Inspections Department recommends approval of the purchase in the amount of $16,388.00.