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Recent offers to properties along 66th Avenue include the following: <br />Ken Chestnut property acquisition at 6900 65th Street, Parcel 303: <br />• appraisal report established fair market value at $29,500 <br />• 0.38 acre take from a 10 -acre parcel <br />• Board offered incentive amount of $47,000 and permitted second driveway (59.3% <br />above appraised value) or $123,684,lacre <br />Johnny and Jackie Dent acquisition at 6855 69th Street, Parcel 313: <br />• appraisal report found fair market value to be $20,700 <br />• 0.53 acre take from a 10 -acre parcel <br />• Board offered $40,000 for the right-of-way (93.2% above appraised value) or <br />$75,472/acre <br />After review of the file and discussion with staff, it is recommended that the Board approve <br />an unconditional offer to the Sextons in the amount of $25,000. Currently, the Sextons <br />are not represented by an attorney and we are unaware of any costs. <br />Funding: Funding in the amount of $25,000 for the acquisition is budgeted and available <br />from Traffic Impact Fees/District I/ROW/66th Ave/69th Street — 85th Street, Account # <br />10215141-066120-16009. <br />Recommendation: Staff recommends the Board approve an unconditional offer to <br />purchase the necessary right-of-way from the Sextons at a price of $25,000. <br />Attachments: Aerial photo <br />Sketch and Legal Description <br />MI <br />