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1-167 <br />CONSENT <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <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: Future Paving of 8151 Street from 66th Avenue East <br />Property Address: 6300 8151 Street, Vero Beach, FL 32967 <br />Owner: CGV Investments, LLC <br />DATE: <br />February 7, 2022 <br />DESCRIPTION AND CONDITIONS <br />CGV Investments, LLC owns a 4.860 acre parcel of property located at 6300 8151 St, Vero Beach, FL 32967. <br />Staff contacted Joe Paladin who represents CGV Investments, LLC to purchase 0.77 acres of the parcel. <br />The subject property consists of a vacant single family zoned parcel located along the north side of 81St <br />Street, between 58' Avenue and 66th Avenue. The property is zoned RS -3. Indian River County is <br />purchasing the 0.77 acres for the future paving of 8151 Street from 66th Avenue east to the existing <br />pavement section. <br />The County obtained an appraisal and the appraised value is $38,600.00. Staff offered $40,000.00 to <br />purchase the property. After a few weeks of negotiations all parties agreed on the $40,000.00 purchase <br />price, and the County paying all closing costs estimated at $700.00. <br />FUNDING <br />Account Name Account Number Amount <br />Optional Sales Tax/Road & Bridge/ROW- 31521441-066120-22016 $40,700.00 <br />811t St / Full Depth -66th Ave -East <br />RECOMMENDATION <br />Staff recommends the Board approve the Purchase Agreement in the amount of $40,000.00, with an <br />estimated $700.00 in closing costs to be paid by the County for purchase of the 0.77 acres of the property <br />located at 6300 811t Street, Vero Beach, FL 32967, and authorize the Chairman to execute the purchase <br />agreement on behalf of the Board. <br />ATTACHMENTS <br />Purchase Agreement <br />APPROVED AGENDA ITEM FOR: February 15, 2022 <br />Z <br />