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Fr- NOV 17 1987 Recommendation and Funding BOOK 70 mu 129 , 7 Based on additional comparable sales recently brought to staff's attention, the. Public Works Department recamr-nds accepting the seller's offer to sell the property to the County for the $103,125.00 as stated in Mr. Preuss's letter. If condemnation proceeds, staff is of the opinion that the County would move to pay the $103,125.00. Funding from District 3 Traffic Impact Fee Account. ($600,000. balance in Account) Director Davis advised that right-of-way acquisition cost breaks down to $4 per square foot, and noted that the comparables they have seen do support the asking price. Commissioner Bird asked the current status of the CR -512 realignment, and Director Davis reported that we have prepared a contract with the firm that was selected to do a mini traffic study of the changes in the Sebastian Thoroughfare Plan to see what effect the realignment would have on CR -512. Once that study is completed, we will get into the actual design of the CR -512 improvements and look at the best alternative for the routing of the east/west lanes. We have prepared the contract and we are negotiating the compensation, and that should be ready within a week or two and will be placed on the Agenda for approval. Commissioner Bird asked about the urgency in this acquisition since we don't really know whether we need it or not, and Director Davis explained that there might be a building erected on this land if we wait. If we find that the right-of-way is not needed, the County could always sell it off. ON MOTION by Commissioner Wheeler, SECONDED by Commissioner Eggert, the Board unanimously accepted the seller's offer to the County for $103,235 for the acquisition of right-of-way as set out in the above memo, as recommended by staff. (ORIGINAL RECORDED WARRANTY DEED TO INDIAN RIVER COUNTY, ON FILE IN OFFICE OF CLERK TO THE BOARD.) 34