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T' 0T2 � 1990 BOOK S's <br />�� f'AGc ai <br />I.R.BLVD PHASE III - ORDER OF TAKING (HOFFMAN & GREGORY PROPERTY) <br />Public Works Director Davis reviewed the following: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E., <br />Public Works Director <br />SUBJECT: Indian River Boulevard Phase 3 - <br />Order of Taking for Parcels 108 (Hoffman) <br />and 110 (Gregory) <br />DATE: November 26, 1990 FILE: irbtakng.agn <br />DESCRIPTION AND CONDITIONS <br />On Tuesday, Nov. 20, 1990, Judge Vocelle granted an Order of <br />Taking to Indian River County for Parcel 108 and Parcel 110. <br />To date, the County has completed the taking of four <br />parcels, the purchase of two parcels, and a closing for the <br />remaining two parcels is scheduled this week. <br />At the Nov. 20 Order of Taking hearing, the judge <br />established the good faith estimate of value as follows: <br />Parcel 108 $272,000 <br />Parcel 110 495,000 <br />$767,000 <br />These funds must be deposited into the Registry of the <br />Court, in addition to a $100 Clerks fee for each parcel. <br />ALTERNATIVES AND ANALYSIS <br />The alternatives are as follows: <br />Alternative No. 1 <br />Approve the deposit into the Registry of the Court as <br />follows: <br />Parcel 108 $272,000 <br />Parcel 110 $495,000 <br />Clerk Fees $ 200 <br />These funds must be deposited by December•9, 1990. <br />Alternative No. 2 <br />Do not approve the court established values and abandon <br />the project. <br />RECOM4ENDATIONS AND FUNDING <br />Alternative No. 1 is recommended whereby a total of $767,200 <br />is to be deposited with the Court. Funding to be from Fund <br />309, Indian River Boulevard North Fund. <br />Commissioner Bird asked if this is the final missing link, <br />and Director Davis advised it is the Phase III sectionbetween <br />the existing north terminus and Barber Avenue, and we have two <br />more parcels we are negotiating and hope to close this week. <br />32 <br />