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RESOLUTION NUMBER 86 10 <br />BOOK 63 F" 805 <br />WHEREAS, the Board of County Commissioners of Indian River County <br />has determined that the construction of a southerly extension to Indian <br />River Boulevard including improvements to connecting roadways such as <br />Twelfth Street and Sixth Avenue is necessary to relieve traffic <br />congestion along the U.S. 1 corridor; and <br />WHEREAS, the Indian River County Public Works Division, in <br />conjunction with private consultants, has prepared plans for the <br />construction and the paving and drainage improvements necessary to <br />complete the southerly extension of Indian River Boulevard and easterly <br />extension of Twelfth Street; and <br />WHEREAS, Nathan Tanen, individually and as Trustee and Melvin W. <br />Tanen, individually and as Trustee, are the owners of approximately 65 <br />acres of property (said land being legally described in Exhibit "A" <br />attached hereto) through which a portion of the proposed southerly <br />extension of Indian River Boulevard and easterly extension of Twelfth <br />Street shall pass; and <br />WHEREAS, the property owned by Nathan Tanen, individually and as <br />Trustee and Melvin W. Tanen, individually and as Trustee, pursuant to the <br />Comprehensive Land Use Plan of Indian River County has a land use <br />designation of MD -2, medium density residential (up to ten units/acre) <br />except for approximately 2.1 acres which are environmentally sensitive <br />(up to one unit per acre'); and <br />WHEREAS, Nathan Tanen, individually and as Trustee and Melvin W. <br />Tanen, individually and as Trustee, have indicated their intention to <br />apply for zoning consistent with the Comprehensive Land Use Plan as to <br />some 45 acres of the aforesaid property; and <br />WHEREAS, the Board of County Commissioners of Indian River County <br />recognizes that the County would have to purchase from Nathan Tanen, <br />individually and as Trustee and Melvin W. Tanen, individually and as <br />Trustee, the property needed for the riqht-of-way or institute <br />proceedings to acouire the property needed by the County for the Indian <br />River Boulevard, easterly extension of Twelfth Street and improvements <br />along Sixth Avenue which would also reouire payment by the County of the <br />fair market value of the property; and <br />