Title:
Storm Water Program - FY Hazard Mitigation Floodplain Acquisition
Summary
ACTION:
1. Accept the Offer of Sale of Real Estate from Steve Hinannt & Martha Lowrance, owners of property located at 1001 Mockingbird Lane, Charlotte, NC
(tax parcel 171-082-14), for $290,000; and
2. Authorize the Charlotte-Mecklenburg Police and Fire Departments to use the structure for training exercises
Staff Contact: Tim Trautman, LUESA-Storm Water Services
Presentation: No
BACKGROUND/JUSTIFICATION:
Since late 1999, Mecklenburg County has used storm water fee revenue to acquire flood prone property. Buyouts reduce the risk to life and property during floods, while also enhancing the natural and beneficial functions of the floodplain. During large rain events portions of the floodplain will become inundated. This natural flooding lowers the overall creek levels, slows erosive water, filters pollutants, and can reduce damage if people and property are not located in harms way. Mecklenburg County uses the land as open space, for expanding greenways, constructing wetlands, etc.
Storm Water Services selected the referenced parcel based on prioritization and recommendations in the Flood Risk Assessment and Risk Reduction Plan (Plan), adopted by the Board on May 1, 2012. 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. This risk-based approach aids in identifying future flood mitigation acquisitions/projects.
The requested actions will consist of acquiring the property and demolishing the existing building using Storm Water Services capital funds for the purchase. Consistent with past practices, the actual expenditure 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 val...
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