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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <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: Right -of -Way Purchase — 58th Avenue/37th Street Intersection <br />5776 37th Street, Vero Beach, FL 32966 <br />Owners: Alan Chane and Abbe Chane <br />DATE: April 1, 2020 <br />DESCRIPTION AND CONDITIONS <br />Alan Chane and Abbe Chane own a 0.2 acre parcel of property located at 5776 37th Street, Vero Beach, FL <br />32966. Staff approached Mr. and Mrs. Chane in reference to purchasing the right-of-way for road <br />improvements. The subject property consists of an unimproved vacant parcel that is located at the <br />northeast corner of 37th Street and 58th Avenue. The property is zoned RS -6 single-family residential <br />district (up to 6 units). Indian River County is purchasing the property for road expansion and drainage <br />purposes. <br />The County obtained an appraisal of the property indicating a value of $12,000. The County offered <br />$12,000.00 to purchase the property. After a few weeks of negotiations all parties agreed on $16,000.00 <br />purchase price, and the County paying all closing costs estimated at $300.00. <br />FUNDING <br />Funds for this expenditure in the amount of $16,300.00 is budgeted and available from Optional Sales <br />Tax/ROW/58th Ave -37th Street turn lane, Account # 31521441-066120-15006. <br />RECOMMENDATION <br />Staff recommends the Board approve the Purchase Agreement in the amount of $16,000.00 for the <br />purchase of 0.2 acre property located at 5776 37th Street, Vero Beach, FL 32966, and authorize the <br />Chairman to execute the purchase agreement on behalf of the Board. <br />ATTACHMENTS <br />Purchase Agreement <br />APPROVED AGENDA ITEM FOR: April 14, 2020 <br />16 <br />