06/06/2023 - Laserfiche WebLink

Home Browse Search

on INDIAN RIVER COUNTY, FLORIDA MEMORANDUM TO: Board of County Commissioners THROUGH: John A. Titkanich, Jr., County Administrator THROUGH: Richard B. Szpyrka, P.E., Public Works Director FROM: Andrew Sechen, Land Acquisition Specialist SUBJECT: Right of Way Purchase from Willie James Cobb for 41" Street Left Turn Lane (EB) at US1 DATE: May 16, 2023 DESCRIPTION AND CONDITIONS Willie James Cobb owns a 0.411 -acre parcel of property located at 2155 41ST Street, Vero Beach, FL 32960. The subject property consists of one vacant commercial zoned parcel located along the south side of 41ST Street, between Old Dixie Highway and US1. The properties are zoned CG, General Commercial. Staff contacted Mr. Cobb to purchase 0.07 acres of right-of-way from the parcel. The County obtained an appraisal and the appraised value is $17,400.00 forthe part being acquired from the parcel of General Commercial zoned land. Staff offered $22,400.00 to Mr. Cobb to purchase the property. After a few weeks of negotiations all parties agreed on a $22,400.00 purchase price with the County paying all closing costs estimated at $700.00. FUNDING Funding for this project is programmed into the 2022 Capital improvement Element presented to the Board of County Commissioners on December 13, 2022. Account Name Account Number Amount Optional Sales Tax/ROW/ 41st Street Left Turn Lane (EB) at US1 31521441-066120-14001 $23,100.00 RECOMMENDATION Staff recommends the Board approve the Purchase Agreement in the amount of $22,400.00, with an estimated $700.00 in closing costs to be paid by the County for purchase of the 0.07 acres of the property located at 2155 41st Street, Vero Beach, FL 32960, and authorize the Chairman to execute the purchase agreement on behalf of the Board. The Legal Department recommends Jason Beal at Atlantic Coastal Title Company, LLC handle the closing. ATTACHMENTS Cobb Purchase Agreement APPROVED AGENDA ITEM FOR: June 6t'', 2023 62