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MAR 2 U-199 <br />BOOK NAGE 61 <br />RIGHT-OF-WAY ACQUISITION - INDIAN RIVER BOULEVARD - PHASE 3 - <br />PARCEL #104 - RALPH PLETCHER, TRUSTEE <br />The Board reviewed the following memo dated 3/13/90: <br />TO: .lames Chandler DATE: March 13, 1990 FILE: <br />County Administrator <br />RIGHT-OF-WAY ACQUISI- <br />SUBJECT: TION - INDIAN RIVER <br />BLVD. PHASE 3=PARCEL <br />#104 - RALPH PLETCHER, <br />TRUSTEE <br />FR • James W. Davis, P.E. REFERENCES: Robert Nall to William <br />Director of Public Works G. Collins dated <br />3/13/90 <br />Description and Conditions <br />The County staff has extended an offer to purchase a 4.96 acre parcel <br />(labeled parcel 104) for Indian River Blvd. Phase 3 from Ralph <br />Pletcher, Trustee, for $33,500.00 based upon recent county appraisals. <br />Robert Nall, attorney, is representing the property owner. The owner is <br />requesting that the county purchase the entire parent tract which is <br />approximately 11.91 acres for the appraised value of $162,320.00. <br />Alternatives and Analysis <br />Alternative #1 - Accept the property owners request and purchase the entire <br />11.91 +/- acre parcel for $162,320.00. Since the parcel is large enough to be <br />subdivided, this alternative would eliminate potential driveway connections <br />from Indian River Blvd. <br />Alternative #2 - File Eminent Domain proceedings to only acquire the <br />right-of-way parcel needed for $33,500.00 The attached authorizing <br />resolution would require approval. <br />Recommendation and Funding <br />It is recommended that Alternative #1 be approved whereby the county accept <br />the property owners _request _ to sell the entire 11.91 acre parcel for <br />$162,320.00. Funding to be from Fund 309, Indian River Blvd. North Project <br />Fund. <br />42 <br />