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INDIAN RIVER COUNTY MEMORANDUM <br />TO: Joseph A. Baird, County Administrator <br />THROUGH: Christopher R. Mora, P.E., Public Works Director cr's'-' <br />FROM: Louise Gates, Land Acquisition Sp <br />SUBJECT: 66th Avenue Right -of -Way Acquisition <br />7715 66t Avenue, Vero Beach, FL 32967 <br />Parcel I.D. #31-39-31-00000-7000-00011.0 <br />Seller: Brian R. Hood <br />DATE: July 8, 2014 <br />DESCRIPTION AND CONDITIONS <br />In conjunction with the widening of 66th Avenue between 49th Street and the Sebastian <br />City Limits, the County needs to acquire the property located at 7715 66th Avenue. The <br />property consists of 6 acres of vacant land which will be utilized by the County for a <br />storm water retention pond plus road right-of-way. The property is zoned A-1 <br />(Agricultural) and is located on the west side of 66th Avenue immediately north of 77th <br />Street. <br />The owner of the property, Brian Hood, has agreed to sell the entire 6 acres to the County <br />for $282,000 ($47,000 per acre) in exchange for being allowed to occupy the property <br />rent-free via the attached lease agreement for a period of 24 months or commencement of <br />road construction, which ever occurs sooner. The purchase price is inclusive of all <br />attorney fees and costs. <br />No appraisal fees <br />No attorney fees <br />56 <br />