Title:
Storm Water Program - FY19 Hazard Mitigation Floodplain Acquisition
Summary
ACTION:
1. Accept the Offer of Sale of Real Estate from Jon Tarleton & Kristin Dodd-Tarleton, owners of property located at 1200 Mockingbird Lane, Charlotte, NC (Tax Parcel 171-091-58),for $420,000
2. Accept the Offer of Sale of Real Estate from Elaine Aichenbaum Aldridge & Ricky D. Aldridge, owners of property located at 1026 Montford Drive, Charlotte, NC (Tax Parcel 171-
022-40), for $350,000
3. Authorize the Charlotte-Mecklenburg Police and Fire Departments to use the structures for training exercises
Staff Contact: Tim Trautman, LUESA - Storm Water Services
Presentation: No
BACKGROUND/JUSTIFICATION:
Since late 1999, Mecklenburg County has used local storm water fee revenue to acquire property that will minimize the risk of potential loss of life and property damage from flooding while enhancing the natural and beneficial functions of the floodplain (creating open space, expanding greenways, constructing wetlands, etc.).
Selection of the referenced parcels was through application of the Flood Risk Assessment and Risk Reduction Plan (Plan), adopted by the Board on May 1, 2012. It is a locally developed approach that uses a risk-based method of identifying future flood mitigation projects. The Plan uses detailed local data and state-of-the-art floodplain mapping to perform property-specific risk assessments, identify mitigation projects and set project priorities.
The requested actions will consist of acquiring the properties and demolishing the existing buildings using Storm Water Services capital funds for the purchase. Consistent with past practices, the actual prices at closing could be reduced if the owners received any insurance payments for flood damage within the previous 36 months and did not spend those funds on repairs. The purchase price is based upon a current fair market value appraisal. The owners have voluntarily offered to sell.
Storm Water...
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