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RIGHT-OF-WAY_ ACQUISITION - INDIAN RIVER BOULEVARD_ PHASE_ III__ <br />PARCEL #105 <br />The Board reviewed the following memo dated 3/13/90: <br />TO: James Chandler DATE: March 13, 1990 FILE: <br />County Administrator <br />FROM: James W. Davis, P.E. 9 <br />Director of Public Work <br />Description and Conditions <br />SUBJECT: TIONT-OF- INDIAN C RIVER <br />BLVD. PHASE 3 -PARCEL <br />#105 - ESTATE OF HAZEL <br />A. HOPKINS <br />REFERENCES: Robert Nall to William <br />G. Collins dated 3/1/90 <br />The County staff has extended an offer to purchase a 5,327 square foot <br />parcel (labeled parcel 105) for Indian River Blvd. Phase 3 from the estate of <br />Hazel A. Hopkins for $13,500.00 based upon recent county appraisals. <br />Robert Nall, attorney for the estate, is representing the property owners. - <br />The estate has accepted the county's offer, and has signed a Contract for <br />Sale (copy attached). In addition, the estate is requesting that the county <br />purchase the entire parent tract which is approximately .61 acres for the <br />appraised value of $65,000.00. There is an existing easement through the <br />property which the property owner refuses to obtain a release. <br />Alternatives and Analysis <br />Alternative #1 - Accept the property owners request and purchase the entire <br />.62+/- acre parcel for $65,000.00. Since the parcel , is large enough for two <br />lots to be subdivided, this alternative would eliminate two potential driveway <br />connections from Indian River Blvd. or from Golf View Drive. <br />Alternative #2 - Accept only the property owners offer to purchase the <br />needed right-of-way for $13,500.00 The remaining lot or lots could access <br />Golf View Drive extended. <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 5,327 S.F. right-of-way parcel for <br />$13,500.00 and also the remainder for an additional $51,500.00. Funding to <br />be from Fund 309, Indian River Blvd. North Project Fund. <br />JWD/mg <br />Boos <br />MAR 2 01990 65 <br />