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INDIAN RIVER COUNTY MEMORANDUM <br />Consent <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Christopher R. Mora, P.E., Public Works Director (IiI-%_-' <br />FROM: Louise Gates, Land Acquisition Spe <br />SUBJECT: 26th STREET -ADVANCE ACQUISITTo OF RIGHT-OF-WAY <br />5030 26th Street <br />5920 26th Street <br />Ronee Suzan King and Stephen Allan Block, <br />as Co -Trustees under The Benjamin Block Trust —1999. <br />DATE: January 12, 2015 <br />DESCRIPTION AND CONDITIONS <br />Ronee Suzan King and Stephen Allan Block, as Co -Trustees under The Benjamin <br />Block Trust — 1999, own a single family home located at 5030 26th Street, Vero Beach <br />(Exhibit "A"). The house is on the northeast corner of 26th Street and 51st Avenue. <br />Also included in the proposed purchase is 6,192 square feet of property located along <br />the frontage of 5920 26th Street (Exhibit "B"). The Trustees recently approached the <br />County to purchase both properties which will be used as right-of-way for the 26th Street <br />widening project. <br />The house parcel (Exhibit "A") is 0.37 acres in size with 115 feet of frontage along 26th <br />Street. The property is zoned RS -6, single family residential, up to six units per acre, <br />and improved with a 2 bedroom, 1 bath frame house that was built in 1949. A recent <br />appraisal of the property performed by Armfield & Wagner, a Vero Beach appraisal firm, <br />values the property in a range from $35,000 to $57,000. <br />The property (Exhibit "B") is a partial take along the frontage of property located at 5920 <br />26th Street. The property is zoned RS -6, single family residential, up to six units per <br />acre. The owners are offering to sell the necessary right-of-way of 30 feet by 206.4 feet <br />(6,192 square feet). <br />After negotiations the Seller's have agreed to accept the purchase price of $43,500 for <br />the house parcel (Exhibit "A") plus $4 per square foot for the property parcel (Exhibit <br />"B") ($4 x 6,192 s.f. = $24,768), totaling a combined purchase price of $68,268. There <br />are no attorney fees and the appraisal fee ($500) was paid by the County under a <br />separate contract. <br />62 <br />