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Developer's Requested <br />Compensation <br />$20.05/sf for Howard Johnson <br />site and Ranch Restaurant site <br />$8.75/sf for west 140.28 ft <br />Prince site <br />$.659/sf for Demolition <br />$.80/sf for Closing Costs <br />Reduced Richt-of-Wav <br />DOT Share (4266 SF) $ 91,757 <br />County Share (1659 SF + <br />2013 SF) $ 60,235 <br />Full Richt-of-Way <br />DOT Share (4740 SF) $101,953 <br />County Share (3095 SF + <br />2930 SF) $ 96,483 <br />Public Works Department <br />Sucgested Compensation <br />$8.75/sf for all Right - <br />of -Way <br />$.80/sf Closing Cost <br />$ 40,741 <br />$ 35,-068 <br />$ 45,267 <br />$ 57,539 <br />In the past, County staff has requested DOT to, consider advance <br />purchase of right-of-way along US 1, but a program has not yet been <br />put into place. <br />Staff recommends that the County offer to purchase the reduced <br />right=of-way area along 17th Street for a value of $35,068 <br />($8.75/sf plus $0.80/sf closing costs) at this time. The County <br />will request the DOT to advance purchase the US 1 right-of-way as <br />soon as possible at an agreed upon price between the developer and <br />the DOT. <br />ON MOTION by Commissioner Eggert, SECONDED BY <br />Commissioner Adams, the Board unanimously approved <br />the purchase of the reduced right-of-way area along <br />17th Street in the amount of $35,068. <br />Commissioner Tippin left the Chambers on personal business at <br />11:45 a.m. <br />CLERK'S NOTE: THIS ITEM WAS RECONSIDERED LATER IN <br />TIRE MEETING. <br />NOVEMBER 7, 1995 45 <br />