Title
Resolution Authorizing Conveyance of Property Located at 3611 Drawbridge Parkway
Body
Department: Engineering & Inspections
Council District: 4
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Ted Partrick, 373-2308
Contact 2 and Phone: Wade Walcutt, 373-2964
PURPOSE:
The Property Management Section of the Engineering & Inspections Department is in the process of selling vacant surplus property located at 3611 Drawbridge Parkway (tax parcel number 0096104). It has been determined that there is no municipal need for the property. City Council approval is requested to proceed with the sale of the property to the highest bidder.
BACKGROUND:
The property was advertised for sale on September 9, 2013, and purchase offers solicited. The property was recently appraised by Alan Sutton, Jr., an independent appraiser with a value of $480,000.00. Property Management has accepted the highest bid from Well-Spring, in accordance with Section 4:122 of the City Code of Ordinances, "Sale of real property by advertisement for bid". The highest and final bid of $500,000.00 was accepted and was advertised in the News & Record with a 10 day upset period, which has expired with no further bids.
The property was acquired in 1999 as part of a large tract of land used to build the Carolyn Allen Park and the John Kernodle Middle School. Drawbridge Parkway was also extended across this property to its new connection to Horse Pen Creek Road, leaving this parcel as a remainder. It has been determined that there is no municipal need for this remainder property. The property lot size is 14.148 acres. The property is currently zoned PI & R3 Residential. One condition of the sale is that the property must be successfully rezoned to RM5 for development purposes.
Approval to grant an easement to Guilford County by the City of Greensboro prior to the sale is being requested on the April 15, 2014, City Council meeting agenda. A sectio...
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