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FUNDING <br />Funding in the amount of $125,000 has been budgeted for Right of Way in FY 14/15 <br />from Traffic Impact Fees -District II/ROW/26th St/43`ti to 66th Ave, Acct #10215241- <br />066120-06011 <br />RECOMMENDATIONS <br />The Board's options include the following: <br />Option 1: Staff recommends the Board approve the attached Contract for Sale and <br />Purchase of the King/Block property for $68,268 and authorize the Chairman to execute <br />the contract on behalf of the Board. Staff further recommends that the Board direct that <br />the needed right-of-way be taken from the property after purchase and to authorize sale <br />of the remainder property, if any, at sealed bid or by auction. <br />Option 2: Reject the terms of the Agreement and continue to negotiate. <br />ATTACHMENT <br />1. Four "Originals" of the Purchase Agreements <br />DISTRIBUTION <br />Christopher R. Mora, Public Works Director <br />Louise Gates, Land Acquisition Specialist <br />APPROVED AGENDA ITEM <br />FOR: January 20, 2015 <br />r-- <br />BY D J -�/ . 42(1 !7 <br />f <br />v <br />Indian River <br />County <br />Approved <br />Date <br />Administration <br />c <br />i/,s// <br />Budget <br />1/14/6 <br />Legal <br />11 <br />)-1y-15 <br />Public Works <br />G'^"' <br />otit <br />y�S <br />Engineering <br />Cu`(S <br />63 <br />