4/26/1994 - Laserfiche WebLink

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AN 2 6 1994 3) Staff does not understand why the loss of a .28 acre parcel would result in loss of three lots. At the most, one .28 acre lot would be lost, which would have the market value of $18,000 to $20,000. The preliminary subdivision plan filed creates larger than .28 acre lots. Staff is of. the opinion that $25,000 ($89,285 per acre) is higher than market conditions. The alternatives are as follows: Alternative No. 1 Deny the request to purchase the .28 acre parcel for $25,000 and allow the land to be platted in its current size and shape. Alternative No. 2 Agree to purchase the right-of-way for $25,000 and accept Mrs. Eddy's counter offer. Alternative No. 3 Order a formal appraisal at a cost of $2,500 (not to exceed). This will delay the project at least 60 days. Alternative No 4 Request staff to attempt a settlement in the amount of $16,000 ($1.31/SF) as the county's last offer. If it is not accepted, the county would not acquire _the parcel. Staff would recommend a 25' wide easement due to the 69KV powerline location at time of platting. RECOMMENDATIONS AND FUNDING Alternative No. 4 is recommended. Funding to be from budgeted 27th Avenue Capital Project funds. Attorney Vitunac advised that *if the County purchased the property, we would take title subject to their easement and they would have prior rights to do whatever they are doing. We would have to work around it or else move them at our expense.. Public Works Director Jim Davis explained that the portion of the easement under the power line could be used for other things in conjunction with road widening. Randy Mosby of Mosby and Associates, Inc., representing Mrs. Eddy, explained that their access requirement leaves them with very little property to develop. It is their opinion they will lose 2-3 lots with the loss of the right -of -way, -and Mrs. Eddy has made a counteroffer of $25,000. 43