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DESCRIPTION AND CONDITIONS <br />n <br />An .additioai 56 feet of 'right-of-way is required "on 58th 'Avenue <br />for the paving improvement project from Route 60 to Oslo Road, and <br />70' of additional right-of-way is needed along Oslo Road west of <br />58th Avenue. <br />The property owner has executed two contracts at the appraised <br />value of $14,400 per acre for the A-1 zoned land. <br />The.. contract price is <br />58th Avenue, Parcel #101, 144,308.22 sf, 3.31 acres <br />Oslo Road, Parcel #101-A, 225,652 sf, 5.18 acres $ 47,664 <br />_74.592 <br />TOTAL $122,256 <br />58th Avenue, parcel #101 is a cash sale at closing. <br />Parcel #101-A is to be purchased on three equal annual inOslo Road, <br />stallments <br />of $24,864 on October 7, 1994, October 7, 1995 and October 7, 1996. <br />This method will provide a beneficial cash flow within District 9 <br />of the Traffic Impact Fee Fund. <br />There are no appraisal or attorney fees. <br />RECOMMENDATION <br />Staff requests the Board of County Commissioners approve <br />$47,664 and $74,592 purchases and authorize the Chairman to execute <br />the contracts. <br />FUNDING <br />58th Avenue, Parcel #101 - Funding to be from District 9 Traffic <br />Impact Fee #101-151-541-067.30 with reimbursement from the Local <br />Option Sales Tax Revenue 1995/96. <br />Oslo Road, Parcel #101-A - Funding to be from District 9 Traffic <br />Impact Fee #101-159-541-067.30 to be reimbursed from the Local <br />Option Sales Tax Revenue 1998/99. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Adams, the Board unanimously approved <br />the 58th Avenue right-of-way acquisition from Laurel <br />Builders at a contract price of $47,664 and the Oslo <br />Road right-of-way acquisition at a contract price of <br />$74,592, as set out in staff's recommendation. <br />ORIGINAL CONTRACTS ARE ON FILE IN THE OFFICE <br />September 20, 1994 <br />OF THE CLERK TO THE BOARD <br />55 <br />BOOK 93 F, <br />+,x.346 <br />I <br />