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BOOK 99 FAGUE569 <br />ANALYSIS <br />By relocating Lundberg Road to the north 60 feet of the Banack property, several issues will be <br />resolved. First, the road will be removed from the Indian River Farms Water Control District's <br />right-of-way. Second, safety will be enhanced by further separating the road from the Main Relief <br />Canal bridge. Third, accessability will be improved for the land west of Kings Highway between <br />S.R. 60 and the Main Relief Canal. Fourth, the resulting land configuration will better justify the <br />commercial land use plan amendment and rezoning requested by Mr. Banack. When relocated, <br />Lundberg Road will be a T intersection with 58th Avenue. <br />As proposed, the new Lundberg Road will be extended to Indian River Community College and <br />eventually further to the west if the college purchases land to the west. Lundberg Road will then <br />continue to 66th Avenue. Besides other advantages, the relocated Lundberg Road will provide back <br />entrances to several residential developments along S.R. 60. For those developments, the only <br />access is currently from S.R. 60. <br />Recently, Mr. Banack executed a deed to the county for the north 60 feet of his property. Currently <br />being held in escrow, this deed will be effective and may be recorded only after the county's <br />concurrence with the conditions requested by Mr. Banack. These conditions involve the county <br />deeding its 61.7 foot right-of-way adjacent to the Main Relief Canal to Mr. Banack as well as several <br />other conditions. These conditions are identified in the attached copy of the deed. <br />As part of this land exchange, Mr. Banack is conveying additional right-of-way needed along 58th <br />Avenue. <br />According to Florida Statutes Chapter 125, counties may exchange land with private parties if the <br />exchange is in the public's best interest. In this case, staff feels that the proposed exchange will <br />benefit all parties as well as resolve safety, accessibility, and other concerns. Staff feels that Mr. <br />Banack's conditions for the exchange are reasonable and recommends that the Board approve the <br />exchange. <br />Based on the analysis performed, staff recommends that the Board of County Commissioners <br />approve the attached resolution which provides for exchange of lands needed for the relocation of <br />Lundberg Road and for the acquisition of additional 58th Avenue right-of-way. <br />52 <br />November 5, 1996 <br />