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INDIAN RIVER COUNTY, FLORIDA <br />BOARD MEMORANDUM <br />TO: Joseph A. Baird, <br />County Administrator <br />FROM: Christopher R. Mora, P.E., Crv---, <br />Public Works Director <br />SUBJECT: 26th Street Right -of -Way Property <br />Address: 5020 26th Street <br />DATE: November 26, 2013 <br />DESCRIPTION AND CONDITIONS <br />CONSENT AGENDA <br />In August, 2013 the County purchased a foreclosed house and property located at 5020 <br />26 thStreet for the purchase price of $64,800 plus closing costs. After the purchase, staff <br />had planned to extract the right-of-way necessary for widening 26th Street and <br />subsequently resell the remaining house and property via a sealed bid auction. <br />After more closely reviewing the condition of the house and the size/location of the <br />property, staff determined that it would be advantageous for the County to demolish the <br />structure and retain the 0.7 acre property for future use as a retention area for treating <br />stormwater runoff from 26th Street. The future 5 -lane section of 26th Street, between 58 <br />Avenue and 43rd Avenue, will require 2-3 acres of stormwater retention on the north side of <br />26th Street and potential pond sites may be limited. <br />ALTERNATIVES AND ANALYSIS <br />The alternatives presented are: <br />Alternative No. 1 <br />Demolish the structure and retain the 0.7 acres of remaining property for future 26th Street <br />stormwater treatment. <br />Alternative No. 2 <br />Sell the house and property (minus the needed right-of-way) via sealed bid auction. <br />FUNDING <br />Funding in the amount of $100,000 has been budgeted for FY 13/14 from Traffic Impact <br />Fees/District 11/26th Street/43rd to 66th Avenue, Account # 10215241-066510-06011, and is <br />�- available for use to cover the costs for an asbestos inspection and for demolition of the <br />structure. <br />FAPublic Works\Luanne M\Agenda Items\26 St ROW Property 5020 26th St BCC 12-10-13.doc <br />29 <br />