Title
Storm Water Program - FY24 Hazard Mitigation Floodplain Acquisition
Action
ACTION:
1) Accept the Offer of Sale of Real Estate from 109 REID LANE TRUST, NO. 2312301537, owner of property located at 109 Reid Lane, Pineville, NC (tax parcel 221-021-20), for $450,000 and authorize the County Manager to execute all documents necessary to complete the transaction.
2) Authorize use of the structure for training exercises by local emergency response agencies.
Staff Contact: Tim Trautman, 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, for expanding greenways, constructing wetlands, etc.
This action is consistent with goals in the Environmental Leadership Action Plan (ELAP) which supports the Environmental Leadership Policy adopted by the Board of County Commissioners (BOCC). The acquisition is consistent with recommendations in the Flood Risk Assessment and Risk Reduction Plan (Plan), adopted by the BOCC on May 1, 2012.
The buyout is voluntary. The property at 109 Reid Lane is a multifamily duplex located within the FEMA and Community Floodway. The structure is being purchased in a distressed condition for a purchase price of $450,000, which is below the 2023 tax value of $916,500.
Storm Water Services staff allows training opportunities for local police and fire personnel prior to demolition of flood prone buildings. In addition, Storm Water Services 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 $450,000....
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