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r Attorney' s Matters <br /> 7/16/13 <br /> MEMORANDUM 1313 <br /> TO: Board of County Commissioners <br /> FROM: Dana C. Larsen, County Attorney Intern <br /> THROUGH: William K. DeBraal, Deputy County Attorney <br /> DATE: July 8, 2013 <br /> RE: Property Exchange with KAH Development Corporation — 8th <br /> Court SW (off Oslo Road) <br /> The County needs to acquire the dirt roadway known as 8th Court SW Vero <br /> Beach, Florida in exchange for a parcel of land located at 830 9th Street SW Vero <br /> Beach, Florida. The parcel of land is adjacent to two properties,already-owned. <br /> by KAH Development Corporation, a Michigan corporation ("KAH"). KAH has <br /> agreed to this exchange of property because of its interests in jointly developing <br /> its two parcels, along with the County's additional parcel. The County has no <br /> intent to utilize the parcel, but does wish to acquire the roadway. <br /> The details of the exchange are as follows: <br /> (W * The County agrees to convey to KAH the parcel of land located at 830 9th <br /> Street SW Vero Beach, Florida recorded in the official record book 1671, <br /> page 1333 of the public records of Indian River County, Florida. <br /> KAH agrees to convey to the County the portion of dirt roadway known as <br /> 8th Court SW Vero Beach, Florida recorded in the official record book <br /> 2629, page 209 of the public records of Indian River County, Florida. <br /> The terms and conditions of the proposed exchange have been noticed in the <br /> newspaper once a week for two weeks prior to this meeting, pursuant to Florida <br /> Statute 125.37. <br /> Funding: <br /> KAH will be compensating Indian River County in the amount of $7,500.00 as <br /> payment for this exchange, inclusive of documentary stamps for the deed to the <br /> County. Expenses associated with the property exchange are estimated to be <br /> $350.00 which covers the required publication fees for giving notice of the <br /> property exchange, as well as the recording fees associated with the deed to the <br /> County. (Each party will be responsible for recording its respective deed.) Funds <br /> for this expenditure are available form Secondary Roads/Misc. Rights-Of-Way, <br /> Account No. 10921441-066120. <br /> Indian River Co. Ap ovedDate <br /> APPROVED FOR — -1 LO 1-3 Admin. <br /> B.C.C. TING - AR AGENDA — co.Atty. <br /> Budget D I <br /> CduNTY.ATTORNEY, Dept. 238 <br /> dick Mar. <br />