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TO: James E. Chandler, County Administrator THROUGH: James W. Davis, P.E., Public Works Director(2?� ,Q,� FROM: Terry B. Thompson, P.E.Q'� Capital Projects Manager SUBJECT: Indian River Boulevard Phase IV Right-of-way Purchase - C. Bobo, Bobo Family, William & Selma Luther, J. Luther Groves DATE: November 28, 1990 FILE: irbiv.agn DESCRIPTION AND CONDITIONS The purchase prices authorized by the Board on November 1, 1989 for the parcels currently under consideration are as follows: C. Bobo 4.051 acres for Indian River Boulevard $247,402 Attorney Fee 4,948 William & Selma Luther 4.281 acres for Indian River Boulevard $150,000 Attorney Fee 6,000 J. Luther Groves .417 acres for Indian River Boulevard $ 18,006 Following the Board's November 1 authorization, the property owners requested changes to the County's plans to provide for drainage, irrigation, access and mitigative incidentals. The County consultant, County staff and the.property owners' consultant have refined the design to the satisfaction of the property owners. Revised contracts are being prepared at this time for the purchase of these parcels. The purchase price has been increased by Zo per month since the November 1984 Board approval and attorney's fees revised. The revised cost breakdowns, listed below, include adjustments to the right-of-way acreage, purchase of citrus trees in temporary construction easements, attorney fees and miscellaneous closing costs. C. Bobo .047 acres for Indian River Boulevard $ 3,055.17 Recording Expenses 48.70 Attorney Fee 183.31 Title Insurance 186.00 Temporary Construction Easement 250.00 Contingency/Severance Damages 100.00 Total $ 3,823.18 Bobo Family 4.105 acres for Indian River Boulevard $ 267,314.09 Recording Expenses 1,563.85 Attorney Fee 16,038.85 Title Insurance 1,412.00 Temporary Construction Easement 3,300.00 Contingency/Severance Damages 5,000.00 Total $ 294,628.79 DEC 4 1990 27 MOK ��