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nor 97 PAGE 791 <br />The land consists of excess lands which was used to connect to the Trans -Florida Railroad <br />spur to Fellsmere which the county bought for the CR 512 right of way previously. Exhibit <br />"A" of the agreement shows the location of the property. The area of the purchase is <br />approximately 66,210 sq. ft. and the appraised value is $1.42 per sq. ft. The total purchase <br />price is based on the 66,210 sq. ft. area is $94,000, with the exact figure to be determined <br />at closing based on the county completing a survey of the land purchased. The purchase is <br />conditional on the county obtaining a title guarantee commitment. <br />ALTERNATIVES AND ANALYSIS <br />Alternative 1: <br />Approve the contract for sale of the property referenced in the agreement and direct the <br />Chairman to execute the agreement on behalf of the Board. . <br />Alternative 2• <br />Reject the contract as presented. <br />RECOMMENDATION AND FUNDING <br />Staff recommends Alternative 1, funding to be from District 3 Impact Fee funds. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Tippin, the Board unanimously approved <br />the contract in the amount ' of $94,000 'for purchase <br />of property as described in the contract from <br />Florida East Coast Railway Company, as recommended <br />in the Memorandum. (Alternative 1) <br />CONTRACT IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />66TH AVENUE RIGHT-OF-WAY ACQUISITION ALONG VISTA <br />PLANTATION BETWEEN SR60 AND 26TH STREET - W. SIDE 66TH <br />AVENUE <br />The Board reviewed a Memorandum of April 1, 1996: <br />TO: James E. Chandler, DATE: April 1, 1996 <br />County Administrator <br />FROM: James W. Davis, P.E., <br />Public Works Director` <br />SUBJECT: 66th Avenue Right -of -Way Acquisition along Vista Plantation <br />between SR60 and 26th Street <br />REF. LETTER: Wylie R Wisely, Vista Properties, to James Davis dated Mar. 26, 1996 <br />64 <br />April 9, 1996 <br />