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INDIAN RIVER COUNTY, FLORIDA MEMORANDUM 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 — 581h Avenue/371h Street Intersection 3775 58th Avenue, Vero Beach, FL 32966 Owners: Manzul Rahim DATE: October 6, 2020 DESCRIPTION AND CONDITIONS Manzul Rahim owns a 0.93 acre improved parcel located at 3775 58th Avenue, Vero Beach, FL 32966. Staff approached Mr. Manzul in reference to purchasing a portion of the parcel. The County needs 0.042 acres of the parcel for right-of-way for road improvements. The subject property consists of an improved parcel that has frontage on 581h 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 $3,500.00. The County offered $3,500.00 to purchase the property. After several weeks of negotiations with Mr. Rahim's attorney, Sheehan Gobin, all parties agreed on the $6,000.00 purchase price, and the County paying all closing costs estimated at $550.00. FUNDING Funding is budgeted and available for this expenditure in the amount of $6,550.00 in the Optional Sales Tax/ROW/581h Ave -371h 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 $6,550.00 RECOMMENDATION Staff recommends the Board approve the Purchase Agreement in the amount of $6,000.00, with an estimated $550.00 in closing costs to be paid by the County for the purchase of 0.042 acre property located at 3775 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: October 20, 2020 31