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INDIAN RIVER COUNTY MEMORANDUM TO: Joseph A. Baird, County Administrator THROUGH: Christopher R. Mora, P.E., Public Work Director FROM: Louise Gates, Land Acquisition Spe ' SUBJECT: Right-of-Way Acquisition: 5250,53 5290 85'b Street,Sebastian,FL PID#31-39-28-00000-5000-00037.0 PP#426A,#426B,9826A and#826B(the Property) PID#31-39-28-00000-5000-00038.0 PP#427 and#827 PID#31-39-28-00000-5000-00039.0 PP#428 and#828 Seller: 510 Industrial Park, Inc. DATE: September 30,2013 DESCRIPTION AND CONDITIONS The project consists of widening CR510 (85`h Street)between 55`h Avenue and the Indian River Lagoon, from a two-lane to a four-lane, median-divided roadway with turn lanes. The County needs to acquire 6,072 square feet of right-of-way (see Exhibits A, 426A, 426B 427 and 428) and 3,846 square feet of drainage easements (see Exhibits B, 826A, 826B, 827 and 828) from 510 Industrial Park, Inc. The property is zoned IL - commercial. After meeting and negotiating with County staff,, 510 Industrial Park, Inc. agreed to sell the right-of-way and easements (as detailed above) to the County for the sum of $32,719.46. This value was based on the recent appraisal of a nearby property along the CR510 corridor. There is an attorney consultation/review fee of$1,000. There is a Realtor fee of 10%totaling$3,271.95 There are no appraisal fees. The County needs to acquire a total of 75 parcels to widen this section of CR510, with the parcel acquisition breakdown as follows: 1. Right-of-way (R/W)parcels= 29 2. Temporary construction easements(TCEs)= 28 3. Drainage easements(DEs)= 18 Total= 75 This acquisition represents eight parcels (4 right-of-way and 4 drainage easements). Combined with other parcels acquired previously, this would reduce the overall number of parcels needed from 75 to 59. Staff also has I pending acquisition, which would further reduce the total from 59 to 58. �r 1 92