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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM k45;rj 1A TO: Jason E. Brown, County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: Monique Filipiak, Land Acquisition Specialist SUBJECT: Right -of -Way Purchase — 58th Avenue/37th Street Intersection 3755 581h Avenue, Vero Beach, FL 32966 Owners: Robert L. Matthews DATE: September 9, 2020 DESCRIPTION AND CONDI TIONS Robert L. Matthews owns a 0.93 acre improved parcel located at 3755 58th Ave, Vero Beach, FL 32966. Staff approached Mr. Matthews in reference to purchasing a portion of the parcel. The County needs 0.042 acre of the parcel for right-of-way for road improvements. The subject property consists of an 1 improved parcel having frontage on 58th Avenue. The property is zoned RS -3 single' -family residential district (up to 3 units). The County obtained an appraisal of the property indicating a value of $5,000.00. The County offered $5,000.00 to purchase the property. After a few weeks of negotiations all parties agreed on $6,000.00 purchase price, and the County paying all closing costs estimated at $500.00. FUNDING Funding is budgeted and available for this expenditure in the amount of $6,500.00 in the Optional Sales Tax/ROW/58th Ave -37th Street turn lane account. Account # 31521441-066120-15006. Account Name Account Number Amount Optional Sales Tax/ROW/581h Ave -37th Street Turn Lane 31521441-066120-15006 $6,500.00 RECOMMENDATION Staff recommends the Board approve the Purchase Agreement in the amount of $6,000.00, with an estimated $500.00 in closing costs to be paid by the County for the purchase of 0.042 acre property located at 3755 58th Avenue, Vero Beach, FL 32966, and authorize the Chairman to execute the purchase agreement on behalf of the Board. ATTACHMENTS Purchase Agreement APPROVED AGENDA ITEM FOR: September 22, 2020