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Central Groves -Corp. January 8, 2019 Page I2 transaction without the threat of eminent domain. After holding a settlement conference in November 2018, Central Grove agreed to sell the entire 18.59 acre parcel to the County for $655,298.00 (Six Hundred Fifty -Five Thousand Two Hundred Ninety -Eight Dollars). A legal description of the Miami Block is more specifically described in Exhibit "C" attached to this memorandum. The purchase price is based on a per acre price of $35,250.00. The Purchase Price is inclusive of all compensation for damages incurred by Central Groves as a result of the County's proposed take of the Miami Block. Staff considered purchasing only the 7.72 acres need for right-of-way and the pond site, but given the size of the take, 41.5% of the parcel, it was decided that a whole take was a viable option in order to avoid severance damages to the remainder parcel. Staff opined that it would cost about the same amount the buy the entire parcel as it would to buy 7.72 acres and paying severance damages. The remainder parcel of 10.87 acres could be sold at the end of the construction process in order to defray the cost of the purchase of the entire parcel. By purchasing the whole parcel, staff is attempting to save on expert witness fees incurred by both the county and Central Groves. As noted in the past, expert witness fees for both parties often exceed $100,000 by the time the suit is filed and mediation is held. Pursuant to state statutes, the County is responsible for reasonable expert witness fees of Central Groves. Central Groves is represented by Andrew Diaz of the law firm of Gaylord Merlin in Tampa. There are appraisal, engineering and land planning fees in the global amount of $22,000.00 and attorney's fees and costs equal to 10% of the purchase price or $65,529.80, making the total purchase price $742,827.80. STAFF RECOMMENDATION: Staff recommends the Board approve the Agreement to Purchase and Sell Real Estate for the Central Groves parcel and authorize the Chairman to execute the document on behalf of the Board. FUNDING: Funding for this acquisition is budgeted and available from Traffic Impact Fee/District l/Row/66th Avenue- 69th Street -85th Street- Acct# 10215141-066120-16009. Attachments: Exhibit "A" Aerial Photo Exhibit "B" sketch and legal description of the right-of-way, corner clip and pond site Exhibit "C" legal description of the Miami Block Agreement to Purchase and Sell Real Estate Copies to: Andrew Diaz, Esq. 162