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Hudson memo to BCC April 12, 2019 Page 13 Hudsons. 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 the Hudsons. The county has achieved significant savings by not having to hire our trial witnesses (appraiser, engineer and land planner), outside counsel and compromises on attorney's fees and expert costs. At the conclusion of the settlement conference, the parties entered into a hand written agreement which will be used as the basis for a more formal agreement setting forth the closing date and time. FUNDING: Funding in the amount of $281,000 for this acquisition is budgeted and available from Traffic Impact Fee/District I/Row/66th Avenue- 69th Street -85th Street - Acct# 10215141-066120-16009. STAFF RECOMMENDATION: Staff recommends the Board approve the agreement to purchase the 4.54 acre Hudson property with the equipment for $230,000 and approve the global settlement of attorney's fees and expert costs of $51,000 and authorize the Chairman to execute a more formal purchase and sale agreement when drafted and approved by the parties on behalf of the Board. Attachments: Exhibit "A" Aerial Photo Exhibit "B" sketch and legal description of the right-of-way Copies to: Brent Simon, Esq.