04/03/2018 - Laserfiche WebLink

Home Browse Search

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 SUBJECT: 26th Street — Advance Acquisition of Right -of -Way 581626 th Street, Vero Beach, FL 32966 Owner: Sandra Smith Lambert and Cindi Stenroos DATE: March 21, 2018 DESCRIPTION AND CONDITIONS Sandra Smith Lambert and Cindi Stenroos own a 1.49 acre parcel of property located at 5816 26th Street, Vero Beach, FL 32966. Staff was recently approached by Wesley Davis and realtor Mark Baker about the property. The parcel has a vacant residential home on it and has been vacant for several years. The subject property was built in 1955 and is zoned RS -3 Single -Family Residential District, up to three units/acres. As part of the Indian River County Comprehensive Plan's five-year Capital Improvement Element, the widening of 26th Street to four lanes between 58th and 66th Avenues, is included and allocates funds for the purchase of right-of-way. This parcel is located on the northwest corner of 58th Avenue and 26th Street and due to right of way needs for the project, acquisition of the parcel is warranted. The County obtained an appraisal of the property indicating a value of $145,000.00. The County offered $175,000.00 to purchase the property. After a few weeks of negotiations all parties agreed on $200,000.00 purchase price. FUNDING Funding for this expenditure is available from Acct #31521441-066120-16006 Optional Sales Tax/ROW/26th Street/58th Ave to 66th Ave. RECOMMENDATION Staff recommends the Board approve the Residential Contract for Sale and Purchase forthe 1.49 acres of property located at 5816 26th Street, Vero Beach, FL 32966, and authorize the Chairman to execute the purchase agreement on behalf of the Board. ATTACHMENTS One Original Residential Contract for Sale and Purchase APPROVED AGENDA ITEM FOR: April 3, 2018 go 195