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I <br />DEC 0 1991 <br />BOOK; <br />ON MOTION by Commissioner Bowman, SECONDED by <br />Commissioner Scurlock,_ the Board unanimously <br />approved and authorized the Chairman to execute the <br />Option to Purchase and Contract for Sale and <br />Purchase Agreement for Parcel 105, and authorized <br />,0 payment of attorney's fees not to exceed six percent <br />of the selling price and closing costs. <br />COPY OF OPTION TO PURCHASE AND CONTRACT FOR SALE AND PURCHASE IS <br />ON FILE IN THE OFFICE OF CLERK TO THE BOARD <br />(ALSO STATUTORY WARRANTY DEED) <br />RIGHT-OF-WAY'ACOUISITION AT CR 520 AND SR AIA <br />The Board reviewed memo from Public Works Director Jim Davis <br />dated December 13, 1991: <br />TO: James E. Chandler, <br />County Administrator <br />FROM: James W. Davis, P.E.,% <br />Public Works Director <br />SUBJECT: Right-of-way Acquisition <br />CR 510 and SR AlA <br />DATE: December 13, 1991 <br />DESCRIPTION AND CONDITIONS <br />Indian River County is planning to widen CR 510 and install <br />Signalization at the intersection of CR 510 and _SR AlA. <br />Additional right-of-way from the Kennedy Grove parcel is <br />required. The County has obtained an appraisal for the <br />additional right-of-way which values the parcel at <br />$17,932.00. Kennedy Groves, Inc. has agreed to sell to the <br />County the .16 acre parcel for the following compensation: <br />Trees $ 2,600.00 <br />Land 17,932.00 <br />Costs & Attys Fees 1,026.00 <br />Kennedy Groves is asking that the transaction be closed by <br />1991, if not they will not except the offer. <br />RECOMMMAT'IONS AND FUNDING <br />The Public Works Department is in agreement with the selling <br />price and recommends approval. Funding to be from District <br />1 Traffic Impact Fees. <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Eggert, the - Board unanimously <br />authorized acquisition of a .16 acre parcel for a <br />total cost of $21,558, closing to be <br />__prior to <br />January 1, 1992, as recommended by staff. <br />80 <br />