Important Information Affecting Your Property Rights
Friday, January 04, 2008
On January 8th the Raleigh City Council and the Planning Commission are meeting to consider a Residential Infill Redevelopment plan. This would limit a property to a maximum increase of 25% in the building footprint of an original teardown house. This means that a 1000 square foot house built in 1940 could only be rebuilt as a 1250 square foot structure, even if sits on a half acre lot.
They are also going to discuss speeding up the process for overlay districts with the City Council initiating this course of action. Not only will this affect property values, but it will also greatly limit what you are allowed to do with your own property. Currently residents request this measure and must have 50% approval of all affected parties.
For more information please visit the link below. If you oppose this governmental control please attend the City Council meeting on January 8th at 1:00pm at 222 W. Hargett Street, Second Floor.