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Samuel L. & Gayla M. Adams 6600 4th Street Vero Beach, Fla. 32968 562-5132 Home 562-4164 Work September 27, 2006 Indian River County 1840 25"' Street Vero Beach, Fla. 32960 Attention: Ron Callahan / Engineering Division Subject: Sale of right away on 66' Ave. and 4th Street This is a counter proposal on purchase of right of way for 6e Ave. and 4th Street on the property belonging to Samuel L and Gayla M. Adams. I was pleasantly surprised at the offer that we received; it was fairly realistic on certain points. There are three areas of contention that I have with this offer. Point 1 : The property appraisal that you used was for the value of 4- 10 acre parcels. The actual purchase will be for a .60 acre, roughly over 1/2 acre. You are looking to purchase an area equivalent to a rather large residential lot. I feel that the correct price would be substantially higher. I would be willing to sell this strip of land for $65,000 as part of the total price. Point 2: The amount of money offered for my fence replacement was very low. I would not have to replace my fence if there was no road. The least expensive fencing would cost $8.25- 8.75 per lin. Ft. I have to replace 630 and 401in ft. of fencing at a cost of $5 ,527.50 at the least expensive. That price does not include the cost of clearing a right a way for the new fence. Point 3 : Our main concern with the sale of this property is access to drainage. On the east side of the property, we currently have 2 drains (culverts), displacing water to the drainage ditch to our east. We currently also have a large volume of water from 0 street exiting onto our property. We have a drainage point on the southwest corner of the property into a ditch on our west property boundary that drains under 4th street. The major concern we have is that this drainage ports will not be altered, which will increase our flooding possibility. Our assurance of adequate drainage needs to be mentioned in the contract, along with the continued Ag zoning on the property. We would be willing to sell this right away to the county for: $65 ,000.00 actual property $30,000 .00 wooded landscape replacement " B " "