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Revised contracts -are being prepared at this time for the <br />purchase of parcels -from Margaret Knight, C. Reed Knight and <br />Crazy Woman Properties Inc.. The purchase price and <br />attorney's fees are being increased by 62% to reflect an <br />adjustment of Z% per month since the original appraisal on <br />May 7, 1989. A copy of revised contract documents and a <br />breakdown of costs will be delivered to Board members prior <br />to their June 5th meeting. The scheduled closing date for <br />all three parcels is June 6th. <br />The required legal descriptions that will be included in the <br />contract documents are being prepared by Carter Associates, <br />Inc.. The property owners have requested that the County <br />pay these engineering fees. Invoices for engineering fees <br />will be delivered to Board members with the revised contract <br />documents prior to June_5th. <br />RECOMMENDATIONS AND FUNDING <br />Staff requests authorization for the Chairman of the Board <br />of County Commissioners to execute the Contracts to purchase <br />parcels from Margaret Knight, C. Reed Knight, and Crazy <br />Woman Properties Inc.. The total adjusted cost to the <br />County shown on the cost breakdown for each parcel includes <br />purchase * price of right-of-way, attorney fees and <br />miscellaneous closing costs. Where applicable, the total <br />adjusted cost also includes the purchase of citrus trees in <br />temporary construction easements, severance damages and the <br />purchase of uneconomical remainders. <br />Staff also requests that the Board authorize payment of <br />engineering fees shown on the invoices from Carter <br />Associates for these three parcels. <br />Funding to be from account #309-214-541-066.12 Indian River <br />Boulevard North Right -of -Way. <br />75 BOOK F'i;c i <br />SUN 5 1990 <br />