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The property owners have executed a contract at $3.75 per square <br />foot. The total contract price is $12,510.00 (Land $4,928.00 and <br />Improvements $7,582.00) for the C -H Zoned land. <br />The appraised value of neighboring properties range from $2.95 to <br />$3.75 per square foot. The County has purchased several other <br />properties on this project at $2.95 and $3.75 per square foot. The <br />Public Works Department has estimated the cost of the improvements <br />within the five foot proposed right-of-way at $7,282.50 (estimate <br />attached). The owner has added $300.00 to the estimate for the <br />night light and wood utility pole. The owner requests <br />reimbursement for the improvements which total $7,582.00 and the <br />owner will relocate, or rebuild improvements after the road <br />construction. There are no additional appraisal or attorney fees. <br />Staff review appears that the contract is equitable and requests <br />the Board of County Commissioners approve the $12,510.00 purchase <br />and authorize the Chairman to execute the contract. <br />Funding is from Account No. 109-214-541-067.29. <br />ON MOTION by Commissioner Ginn, SECONDED by <br />Commissioner Macht, the Board unanimously approved the <br />Contract with Cook Investments, James L. Cook and David L. <br />Cook in the amount of $12,510 and authorized the Chairman to <br />execute same, as recommended by staff. <br />CONTRACT IS ON FILE IN THE OFFICE <br />OF TBE CLERK TO THE BOARD <br />11.G.3. FAIRGROUNDS AGRICULTURAL/EXHIBIT BUILDING — <br />FLORIDA DEPARTMENT OF AGRICULTURE AND CONSUMER <br />SERVICES (FDACS) GRANT <br />The Board reviewed a Memorandum of September 8, 1997: <br />TO: James E. Chandler, <br />County Administrator 57� <br />FROM: James W. Davis, <br />Public Works Director' <br />SUBJECT: Fairgrounds Agricultural/Exhibit Building - FDACS Grant <br />REF. MEMO: Mark Markley, FDACS to James Davis dated 08/21/97 <br />DATE: September 8, 1997 <br />DESCRIPTION AND CONDITIONS <br />The Florida Legislature has approved a $159,000 grant for the construction of an <br />agricultural exhibit building at the Indian River County Fairgrounds site west of flings <br />Highway north of Hobart Road. The Grant agreement, once prepared, will contain the <br />following conditions: <br />SEPTEMBER 16, 1997 <br />31 <br />b00K 1-02-1 FACE" d'3 <br />