10/22/2013AP - Laserfiche WebLink

Home Browse Search

Public Works INDIAN RIVER COUNTY MEMORANDUM TO: Joseph A. Baird, County Administrator THROUGH: Christopher R. Mora, P.E., Public Works Director FROM: Louise Gates, Land Acquisition Spec' ist SUBJECT: Right-of-Way Acquisition,5170/5182 8 reet,Sebastian,FL 32958 Parcel I.D. #31-39-28-00000-5000-00040.0 Seller: Jada W. Plante DATE: September 30,2013 DESCRIPTION AND CONDITIONS This 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 road with turn lanes. The County needs to acquire the property located at 5170-5182 85`h Street, consisting of 2.04 acres, for a storm water retention pond. The property is zoned CH (Heavy Commercial) and is located on the north side of CR510, west of the Florida East Coast Railway Company right-of-way. The property features five structures, two of which are single family residences (rentals), plus one office building presently undergoing renovations. The previous owner of the property, Dorothy Walker, agreed in 2010 to sell the property to the County for $700,000. The County however rejected that offer and later dropped negotiations when the CR510 project was shelved. The County resumed negotiations in 2013 when the CR510 project was revived and a new appraisal requested by the current property owner, Jada Plante, which was provided by Gary S. Eilen, MBA, appraiser for the Seller, indicated a value of$567,000. Attorney for the seller, Raymer Maguire, also requested $49,677.15 in attorney, engineering, survey,appraisal and other fees,bringing the seller's total current request to $616,677.15. County-funded appraisers have evaluated the property twice with the following results: 2011 appraisal (Spivey Group): $373,200 2013 appraisal (Boyle & Drake): $450,000 On September 30, 2013, after extensive negotiations, Ms. Plante agreed to accept $571,677 inclusive of all attorney, engineering, survey, appraisal costs and fees. • 148