Title
Resolution authorizing conveyance of property located at 2350 Huffine Mill Road
Body
Department: Engineering & Inspections
Council District: 2
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Walter L. Simmons 373-2302
Contact 2 and Phone: Ted Partrick 373-2308
PURPOSE:
The Property Management Section of the Engineering & Inspection Department is in the process of selling a portion of City-owned property to NCDOT for the Eastern Section of the Outer Loop for right-of-way and easements. City Council approval is requested for the sale of this City-owned property.
BACKGROUND:
NCDOT is in the process of constructing the Eastern Section of the Outer Loop. A portion of City-owned property located at 2350 Huffine Mill Road (T.Z. Osborne Treatment Facility) is required for this Outer Loop project. This acquisition by NCDOT consists of 25.26 acres of right-of-way, 1.05 acres of temporary construction easement, 0.25 acres of temporary drainage easement, 0.12 acres of permanent drainage easement, and 0.39 acres of permanent utility easement. The Water Resources Department has reviewed the NCDOT use of the property and has approved the right-of-way and easements.
The property is parcel #0090111, located at 2350 Huffine Mill Road. The T.Z. Osborne Treatment Facility is on this 446 acre property. The right-of-way and easements to be acquired were appraised by Susan M. King, MAI, and were reviewed for NCDOT by Michael R. Albertson, MAI. The appraised value is $161,850.00. After reviewing this appraisal, Property Management has determined that the offer is fair and should be accepted.
The property is zoned HI, Heavy Industrial. This acquisition by NCDOT is necessary for the completion of the Eastern Section of the Outer Loop.
BUDGET IMPACT:
The proceeds of this sale will be deposited in the Water Resources Operating Fund, account 501-0000-00.8616.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section...
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