Title
Resolution Authorizing Conveyance of Permanent Utility Easement Located at 1516 Stewart Mill Road for the Replacement of Bridge #210
Body
Department: Engineering & Inspections
Council District: 1
Public Hearing: N//A
Advertising Date/By: N/A
Contact 1 and Phone: Kenney McDowell 336-373-2302
Contact 2 and Phone: Ted Kallam 336-373-2302
PURPOSE:
City Council approval is requested to convey a Permanent Utility Easement to North Carolina Department of Transportation (NCDOT) in order for them to relocate a Utility Pole to complete the Bridge Replacement (Bridge #210) at Stewart Mill Road, Parcel #0084847. This item is also used to rescind a resolution (17-0516) for the same parcel and same project originally approved for a Permanent Drainage Easement.
BACKGROUND:
The easement of 4,032.67 Sq. Ft. (.10 acres) will be used to relocate a Utility Pole in order to complete 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 purchase price. The fair market value of the permanent utility easement is $1,550.
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 Sale of Real Estate, Enterprise Fund: Account Number 501-0000-00.8616.
RECOMMENDATION / ACTION REQUESTED:
The Property Management Section of the Engineering & Inspections Department recommends the approval of the conveyance of property located at 1516 Stewart Mill Road.