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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />714 <br />CONSENT <br />TO: Jason E. Brown, County Administrator <br />THROUGH: Richard B. Szpyrka, P.E., Public Works Director <br />FROM: Monique Filipiak, Land Acquisition Specialist <br />SUBJECT: Land Purchase — Future Expansion 45th Street <br />Owner: Balquees, LLC <br />4710 45th St, Vero Beach, FL 32967 <br />DATE: June 4, 2019 <br />DESCRIPTION AND CONDITIONS <br />Public Works is progressing with Right -of -Way acquisition for the planned improvements of 45th Street <br />Between 43`d Avenue and 58th Avenue. The proposed improvements will include relocating the current <br />two-lane road with (2) two 12 foot lanes, (2) two 5 foot bike lanes and a 6 foot sidewalk. In addition, there <br />will be a dedicated westbound left turn lane added at the 58th Avenue intersection. <br />Balquees, LLC owns a 10.55 acre unimproved parcel which is zoned IL. To accommodate the future planned <br />improvements on 45th Street, the County needs to acquire the parcel for stormwater treatment and <br />compensatory storage purposes for the project. <br />The County obtained an appraisal of the property indicating a value of $450,000.00, and made a <br />conditional offer of $375,000.00. Mr. Charles E. Garris attorney for Balquees, LLC counter -offered <br />$474,750.00 for the 10.55 acres of right-of-way. After several weeks of negotiations all parties agreed on <br />$474,750.00. <br />FUNDING <br />Funds for this expenditure are budgeted and available from Traffic Impact Fees/District II/ROW/45th <br />Street/58th to 43rd Avenue. Account # 10215241-066120-17028. <br />RECOMMENDATION <br />Staff recommends the Board approve the Purchase Agreement of $474,750.00 for the 10.55 acres of <br />property located at 4710 45th St, Vero Beach, FL 32967, and authorize the Chairman to execute the <br />purchase agreement on behalf of the Board. <br />ATTACHMENTS <br />Purchase Agreement <br />APPROVED AGENDA ITEM FOR: June 18, 2019 <br />67 <br />