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r <br />MAY 2 3 1999 eooK 76 FnE 93- <br />2) Staff is requesting that the revised appraised values <br />be conveyed to Mr. Cooksey as the County's final offer <br />to purchase and if the offer is not agreeable to his <br />clients, that he present his clients' settlement <br />proposal. <br />Each parcel will then be brought back before the Board <br />for discussion, authorization to purchase, or for <br />Eminent Domain proceedings, in an effort to equitably <br />settle all parcels within 45 days. <br />One other parcel (Martin Gregory) remains outstanding, <br />negotiations are ongoing with William Collins, Esq. and <br />Michael O'Haire, Esq. <br />Funding in the amount of $928,805. is available in the <br />Indian River Boulevard North (Phase 3 and Phase 4) Fund <br />309-214-541-066.12. A line transfer of $338,461. from <br />309-214-541-066.50, Construction in Progress (balance <br />4/30/89 is 2,846,913.) to 309-214-541-066.12 is necessary to <br />fund the remainder. <br />The District 4 Road Impact Fee Account has a balance of <br />$396,105. (4-30-89) and the Gas Tax Fund 109 has a balance <br />of $6,203,057. (4-30-89). <br />Director Davis informed the Board that R/W Agent Don Finney - <br />has been communicating with property owners and has done an <br />excellent job. Actually, the R/W we are asking for severs the <br />parcels and splits them somewhat in half. The appraisers have <br />updated their appraisals, and the value of the R/W for the 7 <br />parcels is approximately 1.267 million. Staff would like <br />direction to present these appraisals to the property owners and <br />offer the appraised value. <br />MOTION WAS MADE by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, to approve staff's recommendation <br />as set out in the above memo dated May 10, 1989. <br />Director Davis advised that there was an issue of a reverter <br />clause in the deeds the property owners wants. We don't usually <br />give that unless they donate something; however, there is the <br />possibility of a right of first refusal if for some reason the <br />county did not use the R/W. Staff would recommend the right of <br />first refusal be included in the deed if the attorney's feel it <br />is appropriate. He clarified that they do not recommend a <br />reverter clause, but just a right of first refusal. <br />52 <br />