Title
Resolution Authorizing Purchase of Portions of Properties Located at 5808, 5804 & 5800 Near West Market Street for the West Market/College Rd. Intersection and Sidewalk Improvement Project
Body
Department: Engineering & Inspections
Council District: 5
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Kenney McDowell 373-2302
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 West Market Street/College Road Intersection and Sidewalk Project. City Council approval is requested for the acquisition of this property.
BACKGROUND:
The Transportation Department has approved Roadway Intersection and Sidewalk Improvements on West Market Street and College Road with construction beginning in 2016. This project will improve the roadway intersection for better traffic flow and improve pedestrian walkways.
The subject properties are located at 5808, 5804, 5800 Near West Market Street, parcels 0075697, 0075698, 0075718. These portions of properties are owned by Hodgin Family Limited Partnership. They were appraised and valued by Tonya Brady of McNairy & Associate at $25,147. The three parcels surround a pond for development of a commercial property. The easement and right-of-way takings will impact the future development. After negotiations, the owners have agreed to accept $28,942.
The properties at 5804 & 5800 near W. Market Street are zoned C-M (Commercial Medium). The property at 5808 Near W. Market Street is zoned R-3 (Residential). The required right of way acquisition for all parcels consists of 1,048 Sq. Ft. (0.02 acre). Permanent Slope Easements are 399 Sq. Ft. (0.01 acre), and Temporary Construction Easements are 3,261 Sq. Ft. (0.07 acre).
BUDGET IMPACT:
Funding in the amount of $28,942 for this acquisition is budgeted in Account #401-4547-01.6012, Activi...
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