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DESCRIPTION AND CQND MNS <br /> Additional right-of-way of fifty feet ( 50 ' ) on the north side of 12`h Street , is needed for future <br /> road improvements according to the thoroughfare plan . In order to provide maintenance <br /> access for Indian River Farms near the west end of the planned development , the County <br /> also needs to acquire a sixteen foot strip , approximately 330 feet in length , in addition to <br /> the fifty feet . All proposed additional right-of-way has been denoted on The Oaks of Vero <br /> preliminary subdivision plat . The first ten feet ( Exhibit " C " ) is to be dedicated without <br /> compensation , per County Land Development Regulations to meet the minimum 60 feet <br /> requirement . Exhibits "A" and " B " are to be purchased at the developer' s land cost of <br /> $ 16 , 176 . 14 per acre . Exhibits "A " and " B " contain . 875 acre and . 112 acre , respectively . <br /> The Contract Price is $ 15 , 965 . 84 based on a total of . 987 acre . There are no appraisal or <br /> attorney fees . <br /> RE_GOMMENDATIQNS AND FUNDING <br /> Staff recommends the Board of County Commissioners approve the $ 15 , 965 . 84 purchase <br /> and authorize the Chairman to execute the contract . <br /> Funding to be from Account # 315-214- 541 -066 . 12 <br /> ATTACHMENT <br /> 1 ) Contract & Addendum <br /> 2 ) Legal Descriptions ( 3 ) <br /> ON MOTION by Commissioner Adams , SECONDED BY <br /> Commissioner Macht , the Board unanimously ( 4 - 0 , Chairman <br /> Ginn absent ) approved the Contract for Sale and Purchase with <br /> The Oaks of Vero, Inc . , in the amount of $ 15 , 965 . 84 and <br /> authorized the Chairman to execute same , as recommended in <br /> the memorandum . <br /> COPY OF CONTRACT IS ON FILE <br /> IN THE OFFICE OF THE CLERK TO THE BOARD <br /> 7. F. Floodplain Cut and Fill Balance Waiver - Lot 1 , Blk 12 , Vero <br /> Lake Estates, Unit 2 <br /> The Board reviewed a memorandum of September 24 , 2001 : <br /> October 2 , 2001 <br /> 27 Uil z i D i U a; ! L <br />