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f INDIAN RIVER COUNTY OFFICE OF MANAGEMENT AND BUDGET PURCHASING DIVISION DATE: September 14, 2014 j TO: BOARD OF COUNTY COMMISSIONERS THROUGH: Joseph A. Baird, County Administrator Jason Brown, Director, Office of Management and Budget FROM: Jennifer Hyde, Purchasing Manager SUBJECT: Approval of Sealed Bid Sale of 5940 261h Street BACKGROUND: On August 19, 2014, the Board authorized the purchase of 5940 26th Street to acquire right-of-way necessary for planned widening of 26th Street, as well as the subsequent sealed bid sale of the remaining parcel, including a single family residence, once the right-of-way take was completed. In accordance with F.S. 125.35, advertisements announcing the sale appeared on August 29, 2015 and September 5, 2015. An open house was also held to enable prospective buyers to examine the house. Three sealed bids were received and publicly opened on September 14, 2015 at 2:00 P.M. in the amounts of $14,572.00, $50,000.00, and$106,000.00. 1 RECOMMENDATION: Staff recommends that the Board of County Commissioners ratify and accept the high bid of$106,000.00 submitted by Tuan Nguyen. Staff further recommends the Board approve the attached Agreement to Purchase and Sell Real Estate and authorize the Chairman to execute the agreement. Finally, staff recommends the Board authorize the County Attorney's staff to prepare and execute any other necessary documents to complete the sale. Funds in the amount of$105,000.00 were deducted from Traffic Impact Fees/District II/ROW 26th Street, I 43rd Ave to 66th Ave account #10215241-066120-06011 to acquire the parcel, and proceeds from this sale will be returned-to that fund. ATTACHMENTS: Agreement to Purchase and Sell Real Estate APPROVED AGENDA ITEM Indian River Co A d Dat BY: Admin y Legal seph . Baird, County Administrator Budget Department _ y- FOR Risk Manager 43