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sets a target whereby they will or will not get attorneys' fees <br />if they come in lower after jury trial. <br />Commissioner Scurlock noted that, in other words, the offer <br />of $312,500 is based on anticipation of not litigating. <br />Bill Stegkemper, Realtor and state certified appraiser, came <br />before the Board representing Mr. and Mrs. Hubbard and presented <br />the following chart of properties he has sold in the downtown <br />area: <br />ERA® - NICHOLS PROPERTIES <br />BILL F yTEG,ICEMPER, REALTOR°, CRS, GRI <br />member Million $ Sales Club <br />stale Certified Appraiser 0124997 <br />Sales, Listing, Buyers Brokerage <br />Offite 40x569 — • FAX: 40F569.8660 • Eves: 407-569-3458 <br />2012 281H AVE• • vERO BEACH. FL 32960 <br />m�.r►..r.r.r., flrA�WL6iAE <br />s <br />I <br />• <br />s <br />I t i3 rr <br />i 1I t� & <br />I I • W, <br />,• SEE ENLAA <br />II • <br />, , 1 " • I <br />-: L W <br />ua� <br />• <br />Yi 1 _ • ao •" - • <br />, I • <br />—J V4: n r,�I •. i�,�i�j�j �� <br />I <br />, <br />, -. <br />—n14- '"� <br />t U SE <br />V/4 SECTION, _ <br />GED V4 SECTION <br />GITY OF 1i15i EiEfi.WH—ORIGINAL TOWN! <br />SCALE,/• <br />Mr. Stegkemper noted that the Schlitt property which the <br />County purchased came in at $28 sq. ft; Limberis came in at $30 <br />sq. ft.; and he believed it was 27% over appraisal. The Hubbard• <br />property is in the same block and in between those two prop- <br />erties, and if you come in with that at $29, you are looking at <br />$360,000. The appraisers contend that the Hubbard building is <br />smaller and that the land is fro.nt is excess land and is not <br />utilized, but Mr. Stegkemper claimed that is a fallacy - that <br />'land has been utilized for Christmas pageants and all type of <br />attractions for that particular piece of property. That building <br />is very suitable for professional office spaces, and it would <br />have a superb parking area right there on Route 60. Also, <br />contrary to what Mr. Chandler says, from a real estate•.point of <br />55 ID <br />SEP 24 1-991 MR b;,:A. FAUE 1'-�U <br />