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-ON MOTION by Commissioner Wheeler, SECONDED by <br />Commissioner Eggert, the Board unanimously tabled <br />this matter for two weeks until the Regular Meeting <br />of December 1, 1987. <br />RIGHT-OF-WAY ACQUISITION - CR-512/GULF & WESTERN RAILROAD <br />The Board reviewed the following memo dated 11/5/87: <br />TO: THE HONORABLE MEmIDERs OF THE DATE: <br />BOARD OF COUNTY COMMISSIONERS <br />THROUGH: <br />Charles P. Balczun <br />County Administrator <br />November 5, 1987 FILE: <br />SUBJECT: Right -of -Way Acquisition <br />CR 512/Gulf and Western <br />Railroad R/W <br />James W. Davis, P.E. letter: Dan Preuss, <br />FROM: Public works Directo REFERENCES: Realtor, to James Davis <br />dated 11/3/87 <br />Description and Conditions <br />Dan Preuss, Realtor, currently has a listing on lots 6, 7, & 8, Block <br />1 W.A. Martin Subdivision in Sebastian. These lots are needed by the <br />County to connect the old Gulf and Western Railroad right-of-way to U.S. <br />#1. The owner of the property, Mr. DiGiovanni, is offering to sell the 3 <br />lots which contain 150' frontage on U.S. #1 for $103,125.00 ($687.50/FF). <br />Mr. DiGiovanni currently has an offer to sell the lots to Steven Philpson <br />Properties for the $687.50/FF. (see attached contract) <br />Alternatives and Analysis <br />If the County utilizes the Gulf and Western Railroad right-of-way, <br />land between U.S. #1 and the F.E.C.,right-of-way must be acquired. <br />Geometrically, Lots 6, 7, and 8 would provide a workable design. In <br />January 1985 the Board approved the condemnation resolution to acquire this <br />r/w. <br />Staff had an appraisal performed on the property in June, 1986, and <br />the opinion of appraised value was $67,575. Mr. Dan Pruess, Realtor, has <br />provided recent sales comparables to show that similar property in the area <br />sold for $550.00/FF in 1983 and it is his opinion that $687.50 is a fair <br />market value. <br />Staff sent the owner a copy of the County's appraisal in Sept., 1986, <br />but the owner, who lives in Italy, would not respond. <br />The alternatives are as follows: <br />1) Accept the property owner's offer to sell for $103,125.00 for <br />Lots 6, 7, and 8, Block 1, W.A. Martin Subdivision. <br />2) Proceed to condemn the property. <br />OV 1? 1987 33 BOOK 70 rnF 198 <br />