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11. G. OFFICE OF MANAGEMENT AND BUDGET -NONE <br />11.H. RECREATION -NONE <br />11.L PUBLIC WORKS <br />11_1.1. LENNY'S LOUNGE PROPERTY ACQUISITION 1959 43RD A VENUE, VERO <br />BEACH <br />Public Works Director Jim Davis, through a PowerPoint presentation, recapped his <br />memorandum of October 10, 2007, and explained that the Utilities Department wanted to purchase <br />additional right-of-way along the 43rd Avenue Corridor for the four -lane widening and intersection <br />improvements along SR60. Director Davis related that the County had offered the property owner <br />$850,000.00, the average value of the two appraisals obtained ($735,000.00) plus 15% and <br />estimated attorneys' fees. The property owner has counter -offered one million one hundred <br />thousand dollars ($1,100,000.00), with no settlement having been reached. (Clerk's Note: Page <br />263 of the backup reflects an erroneous selling price of $1,050,00.00). <br />Director Davis presented staff's recommendation to make the owner an <br />unconditional offer of $850,000.00. He stated that if the owner does not accept the offer, the item <br />could be brought back for future Board consideration of eminent domain. <br />Commissioner Davis asked for legal opinion on eminent domain and learned from <br />Attorney Collins that the process usually results in expenses greater than the property's fair market <br />value. Attorney Collins felt that the Board should proceed with staff's recommendation of <br />offering at least the $850,000.00. <br />October 16, 2007 16 <br />