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0, <br />f��."a F'II1t;e 88 <br />Parcel 131 is owned by Lothar K and Paulette L Zeran. This is a 50 foot right-of-way <br />parcel containing .7159 acre. The Zerans did not wish to diminish their land area by an <br />outright sale of this right -&-way. They were, however, agreeable to an exchange of <br />adjacent property of equal land area, which is owned by Paul Freeman (Parcel No. 131 A). <br />Mr. Freeman has agreed to sell this parcel to the County for this purpose. As part of this <br />agreement, the County is to perform the work on ditches and culverts as per the <br />Addendum, pay all closing costs, and pay the attorneys fee of $475:00 to the Zerans' <br />attorney. <br />Parcel 131 A is owned by Paul H. Freeman. This property runs north and south and is <br />adjacent to the Zerans property on the east. A deed conveying this parcel to Indian River <br />County has been executed and is held in escrow pending Board approval. The contract <br />price for the .7159 acre parcel is $12,886.20; or $18,000.00 per acre. This parcel will be <br />conveyed to the Zerans for the exchange if approved by the Board. <br />All required Contracts for Sale and Purchase have been executed by the respective <br />parties. The purchase prices of $18,000.00 per acre are comparable to other similar A-1 <br />zoned parcels the County has purchased within the market area based upon appraisals <br />or evaluations. There are no appraisal fees. <br />Staff requests the Board of County Commissioners approve the purchase of $22,037.40 <br />and $12,886.20, and the exchange, and authorize the Chairman to execute the contracts. <br />Funding to be from Account #315-214-541-066.12. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Ginn, the Board, by a 4-0 vote (Commissioner <br />Macht absent) unanimously approved (1) the even exchange of <br />property with Lothar K. Zeran and Paulette L. Zeran, his wife and <br />(2) the contracts for purchase from Paul H. Freeman of <br />$22,037.40 and $12,886.20 respectively; and authorized the <br />Chairman to execute all contracts, pursuant to staffs <br />recommendations. <br />CONTRACTS ARE ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />OCTOBER 7, 1997 <br />