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with the Oslo Road and 43' Avenue Intersection Improvements. The owner has executed <br />a contract ata price of $2.12 per square foot for the C -H zoned land. <br />This pnce-per-square-foot exceeds what the County paid the owner of adjacent property <br />to the east ($1.50 per square foot) but is below the owner's previous counter-offer of $2.75 <br />per square foot, which was based upon a sales contract on Seller's Remainder property. <br />$2.12 per square foot is also well within the overall range of purchases the County has <br />made of other C -H parcels based upon appraisals or evaluations. <br />The total Contract Pnce is $26,383.40, based on 12,445 square feet of land. There are no <br />appraisal or attorneys fees. <br />Negotiations have taken place with the Stamiles and their attorney, Martin Wall s'nce <br />June of 1999. This parcel is one of the two remaining parcels necessary for this project. <br />RECOMMENDATIONS AND FUNDING <br />Staff recommends the Board of County Commissioners approve the $26 383.40 contract, <br />and authonze the Chairman to execute the contract. If approved, the Total Expenditure <br />for this item, will be $26,383 40. <br />Funding to be from Account #315-214-541-066.12 <br />ON MOTION by Commissioner Macht, <br />SECONDED by Commissioner Stanbridge, the <br />Board, by a 4-0 vote (Commissioner Adams absent) <br />unanimously approved the contract with Bruce L <br />and Nancy G. Stamile in the total amount of <br />$26,383.40, as recommended by staff. <br />AUGUST 7, 2001 <br />CONTRACT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />-30- <br />BK 19 PG 3 4 3 <br />