8/21/1990 - Laserfiche WebLink

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M M M On August 13, 1990, the attorney representing the Thomas Kennedy Estate, B.T. Cooksey, contacted staff with an offer to sell the Kennedy parcel for the sum total of $165,000. This total includes the following: - 3.389 acres of right-of-way for Indian River Boulevard - 1.07 acre east uneconomic remainder, including all severance damages - all citrus trees within adjacent temporary construction easements - all severance damages to the west remaining property - all incidentals as may apply except attorney's fees, engineering fees, documentary stamps and title insurance - A condition of this sale is that it must be accomplished by September 1, 1990. The cost breakdown for the Kennedy parcel is as follows: Sum total price $ 165,000 Attorney Fee 9,900 Recording Expenses 1,000 Title Insurance 900 Contingency 1,000 Total $ 177,800 A contingency has been included because closing documents have not been finalized as of this date. Staff recommends that the Board's authorization include this contingency to cover any unforeseen costs to the county that may arise. Carter Associates, Inc., have communicated with the county on behalf of the property owners to insure that the road design will not adversely impact the remaining land. The property owners request that we pay engineering fees in the amount of $1,194 to Carter Associates. RECOMMENDATIONS AND FUNDING Staff recommends that the Chairman be authorized to execute the Contract to purchase right-of-way parcels from the estate of Thomas Kennedy. Staff also requests that the Board authorize payment of engineering fees from Carter Associates. Funding to be from account #309-214-541-066.12 Indian River Boulevard North Right -of -Way. Public Works Director Jim Davis advised that there has been a change in the counteroffer made by the Kennedy family. They do not want to include the 1.07 acre on the economic remainder in the $177,000 price. In addition, they want to move up the 51 �aJl)r� � ►'�C(;