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TO: Board of County Commissioners DATE: February 18, 1988 FILE: <br />FROM: <br />Charles P. Balczun <br />County Administrator <br />SUBJECT: <br />REFERENCES: <br />PROPOSED SETTLEMENT - <br />GREEN PROPERTY <br />We have received an offer of settlement in condemnation proceedings with <br />respect to the Green property at 2706 20th Avenue, Vero Beach. <br />BACKGROUND <br />This parcel is in the area originally contemplated for health facility <br />construction north of the County Administration Building. <br />Our appraisal for <br />$22,000. This was <br />property appraised <br />property at $23,000. - <br />estimated demolition <br />purposes of a Declaration of Taking last year was <br />disputed by the Petitioner who subsequently had the <br />for her purposes. Petitioner's appraisal valued the <br />The $23,000 reflects a land value of $25,000 less the. <br />cost of the structure approximating some $2,000. <br />Mrs. Green's attorney, Chester Clem, proposes to settle this matter for <br />$1,000 plus attorney's fees of $1,850. <br />ANALYSIS <br />Mrs. Green was paid $22,000 by the County at the time of the Declaration of <br />Taking. The County is responsible for attorney's fees whether or not the <br />settlement is accepted; however, if the matter is litigated, attorney's <br />fees will be substantially more than the current level of $1,850. <br />Additionally, the County Attorney's office estimates Mrs. Green's <br />attorney's fees for which the County would be responsible could amount to <br />$6,500 - $8,500 in the event of litigation. <br />The proposed settlement reflects a land cost of $3.68/sq. ft. which is the <br />same price settled on recently for the adjoining Montgomery property. <br />RECOMMENDED SETTLEMENT <br />To Mrs. Green for the Fair <br />Market Value of the Property: <br />Less Previous Payment to. Mrs. Green: <br />Net Payment: <br />To Mr. Clem for Attorney's Fees: <br />To Armfield Wagner, Inc. through <br />Mr.- Clem for Appraisal Costs <br />incurred: <br />NET SETTLEMENT AMOUNT: <br />RECOMMENDATION <br />Accept the settlement proposal since it does not make economic sense to <br />expend $6,500 - $8,500 for the purpose of reducing land cost by $1,000. <br />$23,000.00 <br />- 22,000.00 <br />$ 1,000.00 <br />$ 1,850.00 <br />1,842.50 <br />$ 4,692.50 <br />43 <br />rk 11988 <br />BOOK 71 F,,q,t 141 <br />