Title
Resolution Authorizing Acquisition of Property Located at 2745 Horse Pen Creek 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: Adam Fischer: 373-2861
Contact 2 and Phone: Ted Partrick: 373-2302
PURPOSE:
The Property Management Section of the Engineering & Inspections Department is in the process of acquiring right of way and easements for the Horse Pen Creek Road Widening Project. 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 located at 2745 Horse Pen Creek Road, parcel #0081294. This property is owned by SV Investments, LLC. The portion of property to be acquired was appraised by Jeffrey McKee of Colvin, Sutton, Winters & Associates and was valued at $15,330. After consideration of the impact of moving the street much closer to the residence and extensive negotiations, the owners agreed to accept $17,500, 14% above the appraised value.
The property is zoned R-3 (Residential Single Family) and is within the General Wat...
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