12/5/1984 - Laserfiche WebLink

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Parcel R This parcel is one lot 50' X 125' with an assessed value of $29,710. It belongs to Emily Sappington and contains a commercial building and parking lot. Parcel S This parcel is two lots 100' X 125' with an assessed value of $242,,860. It belongs to Dorothy Albrecht and contains commercial buildings. Parcel T This parcel belongs to the City of Vero Beach and is the Community Center. The assessed value is $616,100. Parcel U This parcel is Pocahontas Park which belongs to the City of Vero Beach and has an assessed value of $505,010. Parcel V This parcel is approximately two and one-half lots. It contains the old First Banker's building. It is owned by Max Lawing who stated he was not interested in selling. The building has about 24,000 square feet and has a total assessed value of $253,900. There is no parking available with the property. Mr. Lawing advised he would be interested in leasing the building for $4200 per month and thought some parking might be available on Parcel W across the street. The building will be ready for occupancy in the first quarter of 1985. Parcel W This parcel belongs to First Bankers of Indian`River County. They are using it for a parking lot. It has an assessed value of $23,420. - Parcel X This parcel consists of two lots 50' X 115' which contains one building for Vero Furniture Mart. It is owned by J. J. Schumann, leased to Max Lawing and has an assessed value of $87,310. Parcel Y This parcel consists of three lots 75' X 115' which contains one building for Vero Furniture Mart. It is owned by Max Lawing and has an assessed value of $175,450. Mr. Lawing is not interested in selling. Parcel Z This parcel consists of 3 lots 75' X 125' and belongs to the City of Vero Beach. It is used as a parking lot and assessed at a total value of $45,350. This list is not inclusive of all available properties in the downtown area. Staff requests recommendations as to what other avenues need to be pursued. The City of Vero Beach Planning Department was contacted in reference to off-street parking requirements. At the present time, there is no regulation regarding off-street parking. However, the staff was informed of a study addressing this issue and it may be acted on by the City Commission within the next six months. The proposed requirement would be three (3) parking spaces minimum plus one (1) parking space for every 300 square feet. Staff feels off-street parking should be given consideration no matter the choice of location. Based on the above data emphasis was placed on a location, with or without structure, to house a minimum of 15,000 square feet and provisions to accommodate some off-street parking. Realizing the Frizzell Study anticipated an additional space need of 11,000 square feet a "fudge factor" was inserted to be sure enough room was available during the ten year period. NEW CONSTRUCTION COSTS In order to ascertain an approximate cost of construction for a building to meet our needs the contractor for the new Univest Building was contacted. He advised the cost to construct a similar building was approximately $90 to $100 per square foot for finished construction. The total cost to construct the ninety space parking lot at the Tracking Station was $95,900 or $1,065 per space. This price includes landscaping and irrigation. 9 DEC 5 1984 BOOK - 59 PAGE 87