Title
Resolution Authorizing the Purchase of Property, in the Amount of $78,000, Located at 801 New Garden Road from the New Garden Monthly Meeting of Friends for the New Garden Road Sidewalk Project, P-04873A-04
Body
Council Priority: Maintain Infrastructure and Provide Sustainable Growth Opportunities
Department: Engineering & Inspections
Council District: 5
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Chris Spencer, 433-7218
Contact 2 and Phone: Kenney McDowell, 373-2302
PURPOSE:
The Property Management Section of the Engineering and Inspections Department is in the process of purchasing right of way and easements for the New Garden Road Sidewalk Project. City Council approval is requested for the purchase of this property.
BACKGROUND:
The Greensboro Department of Transportation has approved the New Garden Road Sidewalk Project. The main purpose of the project is to provide pedestrians with a safe route along New Garden Road, connecting existing sidewalks to West Friendly Avenue.
The subject property is located at 801 New Garden Road, parcel #0075088. This property is owned by New Garden Monthly Meeting of Friends. The portion of property to be purchased was appraised by Dick Foster of Foster Appraisal Services, Inc. and was valued at $60,105. The owner has agreed to accept $78,000.
The property is zoned PI (Public Institution). The required Proposed Margin Taking is an area of 4,777 Sq. Ft. (.11 acre). The required Temporary Construction Easement is an area of 5,251 Sq. Ft. (.12 acre). The Pedestrian Retaining Wall Easement is an area of 745 Sq. Ft. (.02 acre).
BUDGET IMPACT:
Funding in the amount of $78,000 for this purchase is budgeted in the Street and Sidewalk Fund:
Account #401-4565-01.6012 Activity #A16084
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering and Inspections Department recommends the approval of this purchase.