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Q �t <br />Consent <br />INDIAN RIVER COUNTY MEMORANDUM <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Christopher R. Mora, P.E., Public Works <br />FROM: Louise Gates, Land Acquisition Spec <br />rector <br />SUBJECT: 74th AVENUE -ADVANCE ACQUISITION OF RIGHT-OF-WAY <br />925 74TH Avenue, SW <br />INEOS NEW PLANET BIOENERGY, LLC <br />DATE: October 21, 2015 <br />DESCRIPTION AND CONDITIONS <br />INEOS New Planet Bioenergy, LLC owns property along 74t" Avenue immediately south <br />of Oslo Road. (Exhibit "A"— parcel description). The County plans to improve the <br />intersection of Oslo Road and 74th Avenue in the future. The parent parcel is <br />approximately 40 acres, and the proposed right-of-way consists of 80 feet along the <br />frontage of the INEOS property totaling 0.81 acres (35,245 square feet) as shown on <br />Exhibit "A". The property is zoned IG. <br />After negotiations INEOS has agreed to accept the purchase price of $24,273.42 <br />(35,245 square feet x $0.69 per square foot). The purchase price is equivalent to recent <br />purchases of right-of-way in the immediate area. <br />There are no attorney or appraisal fees. <br />FUNDING <br />Funding for this expenditure is budgeted and available from Optional Sales Tax/Misc. <br />Right of Way account #31521441-066120 <br />83 <br />