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Property Acquisition 5480 85th Street <br /> August 8,2013—Page 2 of 2 <br /> (W <br /> FUNDING <br /> Funding for this expenditure is available in acct# 10215141-066120-05023, Traffic <br /> Impact Fees, District I, CR 510/55t"Ave to Indian River. For FY 12/13- $1,570,411 has <br /> been budgeted for ROW,with$5,065 being expended year to date. <br /> RECOMMENDATIONS <br /> Board options include the following: <br /> Option 1: Approve the transaction, purchasing the right-of-way (385 square feet) and a <br /> temporary construction easement (2,888 square feet) for the purchase price of$3,223.46 <br /> +$990 Attorney Fee=a total of$4,213.46. <br /> Option 2: Reject the terms of the Agreement and continue to negotiate. <br /> Staff recommends Option 1: The Board of County Commissioners approves the purchase <br /> of the property at a total price of$4,213.46 and authorizes the Chairman to sign the <br /> (" Purchase and Sale Agreement. <br /> ATTACHMENT <br /> 1. One"Original" Purchase Agreement <br /> 2. One "Original" Temporary Construction Easement <br /> DISTRIBUTION <br /> Christopher R. Mora,P.E., Public Works Director <br /> Louise Gates, Land Acquisition Specialist <br /> APPROVED AGENDA ITEM Indian River County Approved Date <br /> FOR: August 20, 2013 Administration <br /> Budget IZ 3 <br /> BY Legal <br /> Public Works 8- 7- /3 <br /> Engineering Division <br /> 2 157 <br />