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r <br />DEC J-5 1992 <br />BOOK 88 F,1GE ` 's <br />K. Additional Right -of -Way - CR 512 in Sebastian - Sebastian <br />Paradise Limited Parcel <br />The Board reviewed memo from County Right -of -Way Agent Don <br />Finney dated November 24, 1992: <br />TO: James Chandler <br />County Administrator <br />THROUGH: James W. Davis, P.E. <br />and <br />Roger D. Cain, P.E., <br />FROM: Donald G. Finney, SR <br />County Right of Way <br />• :Q <br />SUBJECT: Additional Right -of -Way; CR 512, Sebastian, Sebastian Paradise Limited Parcel <br />DATE: November 24, 1992 <br />Additional right-of-way is needed at the north side of existing County Road 512 for the future <br />improvements for the Twin pairs project in Sebastian, Florida. <br />Sebastian Paradise Limited is a commercially zoned 5.57 acre property. Mr. J.T. Ballinger, General <br />Partner of FRM Real Estate and Investment Co., Pompano Beach, Florida represents all of the four <br />partners. <br />Two appraisals were obtained by the county ata value of $41,387 and $38,700. Mr. Ballinger <br />counter -offered in writing $121,532. In an effort to save attorney fees, and additional time, the <br />county increased the offer to a fam $50,000. The owner responded with a written $85,000 counter- <br />offer. After obtaining the second appraisal, the owner agreed to and executed the $50,000 contract. <br />In lieu of additional time, attorneys' fees and court costs, staff requests the Board accept the $50,000 <br />contract and direct the Chairman to execute the contract on the Board's behalf. <br />Funding is available in Traffic Impact Fee District 3, Account No. 101-153-541-066.12 <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Adams, the Board unanimously approved <br />the Contract for Sale and Purchase with Sebastian <br />Paradise Limited in the amount of $50,000, as <br />recommended by staff. <br />CONTRACT FOR SALE AND PURCHASE <br />IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD <br />14 <br />