SUBJECT
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Approve Right-of-Way Agreement between the City of Lake Alfred and Polk County in conjunction with the County Road 557 Project, Parcels 100, 145 and 146. ($550,000 one-time expense)
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DESCRIPTION
The County has a Community Investment Project to improve County Road 557 to a four-lane corridor from north of US Highway 17/92 in Lake Alfred, to south of the I-4 Interchange. To allow construction of the new roadway, the County will need to acquire additional right-of-way for the corridor from impacted property owners. The Board previously adopted a resolution authorizing negotiations and written offers to be made on this project.
Parcels 100 and 145 are both irregular shaped parcels, containing a total of approximately 2.7-acres, needed for mainline right-of-way for the project and Parcel 146 is a nearly rectangular shaped parcel, containing approximately 4.9-acres, needed for a flood plain compensation site for the project all of which are owned by the City of Lake Alfred (“City”). As a result of ongoing discussions, the City has agreed to donate Parcels 100 and 145 to the County for the project; however, the City has requested compensation for Parcel 146 due to impacts to a planned park. The parent parcel was purchased by the City for a park complex and the flood plain compensation parcel will necessitate a redesign of the park and eliminate certain planned amenities. Further discussions with the City have resulted in a proposed amount of $550,00 for the purchase of Parcel 146.
The County Attorney’s Office and the Real Estate Services Director have reviewed the agreement and recommend approval. The alternative of acquiring these parcels through condemnation litigation would result in substantial cost to the County. Approving the Right-of-Way Agreement and authorizing the issuance of funds for the purchase will allow the County to take ownership of the final parcels needed for the project.
RECOMMENDATION
Request Board approve the aforementioned Right-of-Way Agreement and authorize the issuance of funds in the amount of $550,000 for the purchase of Parcel 146.
FISCAL IMPACT
Funds are budgeted and available in Roads and Drainage 5-year CIP in the County Transportation Trust Fund.
CONTACT INFORMATION
R. Wade Allen, Director
Real Estate Services
863-534-2577