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w 5 199® ITEM 10 G 4 Indian River Boulevard, Phase IV Right -of -Way Purchase Authorization -7 BOOK 0 FNE 2 1 The purchase prices authorized by the Board on November 1, 1989 for the three parcels currently under consideration are as follows: C. Reed Knight 6.846 acres for IRB $321,419 Attorney Fee 12,857 Total $334,276 Margaret Ann Knight 1.93 acres for IRB $ 61,792 Attorney Fee 2,472 Total $ 64,264 Crazy Woman Properties 6.06 acres for IRB $356,653 Attorney Fee 14,266 Total $370,919 The revised contract costs for these parcels, listed below, includes the cost of additional right-of-way on 41st Street, purchase of citrus trees in temporary construction easements, severance damages and purchase of uneconomical remainders. C. Reed Knight 6.847 acres for IRB and .17 acres for 41st Street $350,862.27 Temporary Construction Easements 7,050.00 Severance Damages 10,050.00 Recording Expenses 2,010.52 Attorney Fee 13,693.00 Title Insurance 1,829.32 Total $385,495.11 Margaret Ann Kniaht 1.93 acres for IRB $ 65,808.00 Temporary Construction Easements 1,250.00 Recording Expenses 389.82 Attorney Fee 2,633.00 Title Insurance 397.50 Total $ 70,478.32 Crazy Woman Properties 6,275 acres for IRB $393,314.00 2.13 acres for 41st Street 133,508.00 Temporary Construction Easements IRB 3,700.00 Temporary Construction Easements -41st St 3,400.00 Recording Expenses 2,976.00 Attorney Fee 15,193.00 Title Insurance 2,709.50 Contingency/Severance Damages $ 10,000.00 Total $564,800.50 A contingency item has been included in Crazy Woman Properties because closing documents have not been finalized as of this date. Staff requests that the Board's authorization include this contingency to cover any unforeseen costs to the County that may arise. M 76 M M