Title
Storm Water Program - FY25 Hazard Mitigation Floodplain Acquisition
Action
ACTION:
1) Accept the Offer of Sale of Real Estate from CAROLINA LUXURY PREMIER, LLC, owner of property located at 2925 October Ct, Charlotte, NC (tax parcel 071-131-26), for $176,000 and authorize the Manager to execute all paperwork necessary to complete the transaction.
2) Authorize local emergency response agencies to use the structures for training exercises.
Staff Contact: David Kroening, LUESA - Storm Water Services
Presentation: No
BACKGROUND/JUSTIFICATION:
Since late 1999, Mecklenburg County has used storm water fee revenue to mitigate flood prone property. Buyouts reduce the risk to life and property during floods, while also enhancing the natural and beneficial functions of the floodplain. Mecklenburg County uses the land as open space, to expand greenways, to construct wetlands, etc.
The buyout is voluntarily. The property at 2925 October Court is a single-family home located within the FEMA and Community Floodplain. The owner has agreed to sell the property for $176,000. The purchase price is based upon a current fair market value appraisal.
This action is consistent with goals in the Environmental Leadership Action Plan which supports the Environmental Leadership Policy adopted by the Board of County Commissioners (BOCC). These acquisitions are part of Storm Water’s 15-year CIP flood risk reduction goals and consistent with recommendations in the Flood Risk Assessment and Risk Reduction Plan (RARR), adopted by the BOCC on May 1, 2012.
Storm Water Services staff allows training opportunities for local police and fire personnel prior to demolition of flood prone buildings. In addition, STW staff has established a process with Habitat for Humanity of Charlotte to maximize the responsible reuse of materials prior to structure demolition while protecting the health of the community.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
Funding of $176,000 will come from Storm Water Services Capital Fund (8910) - Buyouts (3186).