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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: Monique Filipiak, Land Acquisition Specialist F SUBJECT: Extension for Closing on Agreement for Purchase of 2625 54th Street 26th Street Project Owner: Lisa and Michael Giessert DATE: July 28, 2016 DESCRIPTION AND CONDITIONS On November 10, 2015, the Board approved an Agreement to Purchase, Sell, and Lease Real Estate (Agreement) to purchase a single family home located at 2625 54th Avenue owned by Lisa and Michael Giessert. The property is located at the northwest corner of 54th Avenue and 26th Street. The County has the property under contract to obtain right-of-way necessary for improvements to 26th Street. The Agreement called for the Giesserts and the County to close on the purchase six months after Board approval of the Agreement. The projected closing date was May 10, 2016. Mrs. Giessert contacted staff and asked for a 90 day extension to close on the property in April which was approved by the Board, and she is now requesting an additional 45 day extension to close. The Giesserts are in the process of building a new house and it will not be ready until September 25, 2016, hence the request to delay closing an additional 45 days. The County is not incurring any costs as a result of having the house under contract and any extension of the closing date will not result in any costs to the County. Staff has no objection to the extension FUNDING There is no funding associated with this matter RECOMMENDATION Staff recommends that the Board approves the 45 day extension of closing date and authorize the Chairman to execute the Second Amendment to Agreement on behalf of the Board. ATTACHMENTS One Original of the Second Amendment Indian River County Appr Date Administration Budget Legal Public Works Y2?L[6 �g C:\Users\lclark\Desktop\8-16-16\GIESSERT BOCC MEMO 07 28 16.doc 238