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r <br />BOOK 89 PMV 3.41 <br />Commissioner Macht led discussion regarding County policy when <br />we purchase _ right-of-way and he asked whether there is a percentage <br />over appraised value that is used as a criterion. <br />Director Davis responded that it is very difficult to set a <br />percentage over appraisal value. The usual procedure is that staff <br />will estimate the costs of settling versus ,going to condemnation <br />and make a recommendation. He further explained that in situations <br />where the property owners wanted two and three times the value, we <br />have redesigned projects to avoid the acquisition. <br />INDIAN RIVER BOULEVARD MARGINAL ACCESS ROAD- PAUL AND DENISE <br />MINOTTY. RIGHT-OF-WAY PARCEL ACQUISITION <br />The Board reviewed memo from County Right -of -Way Agent Don <br />Finney dated April 2, 1993: <br />TO: James E. Chandler <br />County Administrator <br />THROUGH: James W. Davis, P.E. <br />Public Works Director <br />and ' �� <br />Terry B. Thompson, P. C_*1 � 1 <br />Capital Projects Manager <br />FROM: Donald G. Finney, SRA 'r_�%O. 6 <br />County Right of Way Agent <br />SUBJECT: Indian River Boulevard Marginal Access Road, Paul & Denise Minotty, Right -of - <br />Way Parcel Acquisition <br />DATE: April 2, 1993 <br />The county proposes to construct a marginal access road for Indian River Boulevard. Additional <br />right-of-way is required at the northeast corner of Royal Palm Boulevard at Indian River Boulevard. <br />The seller requests a Traffic Impact Fee Credit of $8,577.88 which equates to $12.60 per square foot <br />for the 681 square foot right-of-way parcel. The parent 127 acre unimproved property was <br />purchased by the owners at $700,000 on April 17, 1992 ($12.60 per sq.fL). The property owner has <br />executed the deed and closing statement (being held in trust). <br />Staff requests the Board approve the $8,577.88 Traffic Impact Fee Credit. There are no attorney's <br />fees or additional costs. <br />Since compensation is by Traffic Impact Fee Credit, NO county warrants will be issued. <br />48 <br />