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BOOK ,y <br />11.G.2. 4TH STREET IMPROVEMENTS (US#1 TO OLD DIXIE <br />HIGHWAY - PURCHASE OF RIGHT-OF-WAY - PARCEL NO. 103 - <br />PARADISE ENTERPRISES OF VERO, INC.) (DAN R. BRYANT) <br />The Board reviewed an undated Memorandum: <br />TO: James Chandler <br />County Administrator <br />THROUGH: James W. Davis, P.E. <br />Public Works Director <br />Terry B. Thompson. P.E.�� <br />Capital Projects Manager <br />FROM: William M. Napier. SRPA, SRAv� <br />Right -of -Way Agent <br />SUBJECT: 4'" Street Improvements/US 1 to Old Dixie Highway <br />Parcel No. 103, Paradise Enterprises of Vero, Inc. (Dan R. Bryant) <br />DATE: <br />DESCRIPTION AND CONDITIONS <br />Fifteen feet (15') of additional right-of-way totaling 3.018 square feet is needed on 4'" <br />Street for road widening of 4th Street from two lanes to five lanes, from US 1 to Old Dixie <br />Highway. <br />The prospective property owner has executed a contract at a price of $4.22 per square <br />foot for the C -H zoned land, which is based on his actual proposed land cost for the parent <br />tract. This price is comparable to other similar C -H zoned parcels the County has <br />purchased based upon appraisals or evaluations. Closing is to be with First American <br />Title simultaneous with the closing on the parent tract. <br />The contract price for the proposed right-of-way is $12.735.96. There are no appraisal or <br />attorney fees. The only other costs to the County will be title insurance. documentary <br />stamps on the deed. and recording. <br />RECOMMENDATIONS AND FUNDING <br />Staff requests the Board of County Commissioners approve the $12.735.96 purchase and <br />authorize the Chairman to execute the contract. <br />Funding to be from Account #315-214-541-066.12. <br />ON MOTION by Commissioner Eggert, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously approved the purchase from Paradise <br />Enterprises of Vero, Inc. (Dan R. Bryant) in the <br />amount of $12,735.96 and authorized the Chairman <br />to execute the contract; as recommended by staff. <br />AUGUST 18, 1998 <br />CONTRACT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />-26- <br />