05/10/2022 (3) - Laserfiche WebLink

Home Browse Search

Cherry Lane Estates, Inc. of Vero Beach hired an attorney to represent them. Their attorney negotiated with Susan Prado on the sale of the piece of Right of Way. Staff and Cherry Lane Estates, Inc. of Vero Beach agreed on the terms of the Agreement for Purchase and Sale of Real Estate that is attached to this memorandum as Exhibit "B". The Agreement terms are: • The County will pay to Cherry Lane Estates, Inc. of Vero Beach $26,000 for right- of-way. • Reasonable attorney's fees of $2,500 The total settlement cost to the County is $28,500. By purchasing the Property in advance of filing a lawsuit, staff is attempting to save on expert witness fees incurred by both the County and Cherry Lane Estates, Inc. of Vero Beach. As noted in the past, expert witness fees for both parties often exceed $100,000 by the time the suit is filed and mediation is held. Pursuant to state statutes, the County is responsible for reasonable expert witness fees for Cherry Lane Estates, Inc. of Vero Beach. The County has incurred significant savings by not having to hire our trial witnesses (appraiser, engineer and land planner) and outside counsel. Cherry Lane Estates, Inc. of Vero Beach is represented by George Glenn Jr., of the Law Offices of Glenn & Glenn in Vero Beach. STAFF RECOMMENDATION: Staff recommends the Board approve the Agreement to Purchase and Sell Real Estate for the Cherry Lane Estates, Inc. of Vero Beach property and authorize the Chairman to execute the document on behalf of the Board. FUNDING: Funding is budgeted and available for this expenditure in Traffic Impact Fees 2020/District I/ROW/ 58th Ave/33rd Street, Account # 10415141-066120-15002 Attachments: Exhibit "A" Aerial Photo Exhibit "B" Agreement to Purchase and Sell Real Estate with the sketch and legal description of right-of-way from the proposed acquisition. Copies to: George Glenn Jr., Esq.