Title
Storm Water Program - Hazard Mitigation Catawba River Floodplain Acquisition
Action
ACTION:
1) Accept the Offer of Sale of Real Estate from Randy and Nancy McPherson, owners of property located at 1104 Riverside Drive, Charlotte, NC (tax parcel 031-152-22), for $359,820.
2) Accept the Offer of Sale of Real Estate from Terry Moore and Eloise Richardson, owners of property located at 1213 Riverside Drive, Charlotte, NC (tax parcel 031-161-04), for $483,504.
3) Accept the Offer of Sale of Real Estate from Richard and Darlene Lengel, owners of property located at 1223 Riverside Drive, Charlotte, NC (tax parcel 031-161-06), for $400,625.
4) Accept the Offer of Sale of Real Estate from Martha Hubbard, owner of property located at 1341 Riverside Drive, Charlotte, NC (tax parcel 031-161-14), for $484,236.
5) Accept the Offer of Sale of Real Estate from Mark Davis and Anna Hubbard, owners of property located at 1501 Riverside Drive, Charlotte, NC (tax parcel 031-471-12), for $165,000.
6) Authorize the Charlotte-Mecklenburg Police and Fire Departments 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.
At the November 6, 2024 Mecklenburg Board of County Commissioners (BOCC) meeting, the BOCC adopted the MECKLENBURG COUNTY RESOLUTION ADOPTING GUIDELINES FOR A VOLUNTARY BUYOUT AND RETROFIT GRANT PROGRAM FOR FLOODPLAIN STRUCTURES THAT SUSTAINED FLOOD DAMAGE FROM TROPICAL STORM HELENE ON SEPTEMBER 25, 2024 OR AFTER. The resolution set out guidelines for use of the Storm Water Capital Reserve for voluntary buyouts and retroFIT grants for floodplain structures that sustained flood damage from Tropical Storm Helene. These properties were selected for possible acquisition using criteria listed in the adopted Resolution.
The requested actions will consist of acquiring the properties and demolishing the existing homes. The purchase price is based upon the pre-flood Fair Market Value (FMV) minus documented flood damages from the September 2024 event. The owners have voluntarily agreed to sell to the County for the FMV minus Actual Cash Value (ACV) of insured structural losses (from owner’s flood insurance claim) per the November 6, 2024 resolution and as outlined in the table below:
.
|
Address |
Pre-Storm FMV |
ACV of Losses |
Final Offer Price |
|
1104 Riverside Dr |
$618,000 |
$258,180 |
$359,820 |
|
1213 Riverside Dr |
$607,000 |
$123,496 |
$483,504 |
|
1223 Riverside Dr |
$536,000 |
$135,375 |
$400,625 |
|
1341 Riverside Dr |
$675,000 |
$190,764 |
$484,236 |
|
1501 Riverside Dr |
$374,000 |
$209,000 |
$165,000 |
Storm Water Services staff allows the Charlotte-Mecklenburg Police Department and the City of Charlotte Fire Department training opportunities for police and fire personnel prior to demolition of flood prone buildings.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
Funding of $1,893,185 will come from the Storm Water Services Capital Fund (8910) - Rainy Day Fund (31996).