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EOG. 5 3 eo 11.G.3. HOMETOWN HESS PROPERTY (BHASKAR BAROT) - RIGHT-OF-WAY ACQUISITION - 41ST STREET AND OLD DIXIE HIGHWAY The Board reviewed a Memorandum of January 31, 2000: TO: James Chandler, County Administrator THROUGH: James W. Davis, P.E., Public Works Direct AND Christopher J. Kafer, Jr., P.E., County Engin FROM: Ronald L. Callahan, SRA, Right -of -Way Agent jl LC SUBJECT: Right -of -Way Acquisition 41" Street and Old Dixie Highway Hometown Hess Property Bhaskar Barot DATE: January 31, 2000 DESCRIPTION AND CONDITIONS An additional 10 feet (10') of right-of-way is needed along the north side of 41st Street, between U.S. Highway 1 and Old Dixie Highway. The owner is donating the first 5 feet (5') of right-of- way, same location, as part of a developer's agreement. The owner has executed a contract at a negotiated price of $3.25 per square foot for this CG (commercially) zoned land. This price per square foot is comparable to other similar CG zoned parcels the County has purchased based upon appraisals or evaluations. The Contract Price is $10,250.50 based upon a total of 3,154 square feet. There are no appraisal or attorneys fees. There are no other conditions or terms in the contract. The property owner has signed the Statutory Warranty Deed for the 10 additional feet and for the 5 feet of donated right- of-way due to timing constraints between the owner and the financial institution that will hold a mortgage on the property. The deeds will not be recorded until we have Board Approval of the purchase contract. The owner is represented by legal counsel. ALTERNATIVES AND ANALYSIS None. RECOMMENDATIONS Staff recommends that the Board of County Commissioners approve the $10,250.50 purchase, and authorize the Chairman to execute the contract. Funding will be from Account #315-214-541-066.12. FEBRUARY 8, 2000 -42-