Title
Resolution Conveying a Permanent Drainage Easement Located at 1516 Stewart Mill Road
Body
Department: Engineering & Inspections
Council District: 1
Public Hearing: N/A
Advertising Date/By: N/A
Contact 1 and Phone: Kenney McDowell, 373-4578
Contact 2 and Phone: Ted Kallam, 373-2883
PURPOSE:
City Council approval is requested to convey a Permanent Drainage Easement to North Carolina Department of Transportation (NCDOT) to improve drainage in completing a Bridge Replacement at Stewart Mill Road, Parcel #0084847.
BACKGROUND:
The easement of 4032.67 Sq. Ft. (.10 acres) will be used to improve drainage in completing the Bridge Replacement (Bridge #210) at Stewart Mill Road over Little Alamance Creek. It will also serve as a place to accommodate construction activities.
North Carolina Department of Transportation (NCDOT) used the fair market value of the property to determine the cost. The fair market value of the permanent utility easement is $1550.
Since the easement is an encumbrance on City property, City Council approval is required for the transaction.
BUDGET IMPACT:
Proceeds of $1550 will be deposited into the Water Resources Enterprise Fund as a sale of real estate: Account Number 501-0000-00.8616.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering & Inspections Department recommends the approval of this conveyance.