SUBJECT
title
Approve the Negotiated Settlement with Boozer Service and Equipment Inc. for PRWC Parcel 12007 Permanent and Temporary Construction Easements (Action)
body
DESCRIPTION
Following negotiations between the PRWC and the Attorney representing Boozer Service and Equipment Inc., the PRWC reached a monetary settlement regarding the easements (12007) needed on this property (Exhibit A).
Pursuant to the negotiated terms, the property owner of this parcel will receive $120,000 for permanent and temporary construction easements totaling 9,195 square feet (0.211 acres). The PRWC appraisal amount for permanent and temporary construction easements was $54,750. The property owner (through their attorney) and the PRWC agreed that $20/square foot for the permanent easement was a reasonable cost within the current market for this area of Davenport. The temporary easement also cost was also calculated using $20/ square foot over the length of time (five years) the PRWC would have the easement. The increase in the amount of compensation provided to the property owner above the appraised value is considered reasonable and appropriate.
The PRWC will incur no expert fees and the statutory attorney fee (mandated under Florida law) is included in the total settlement of $120,000 (global settlement). The total cost for the easement is $120,000.
The negotiated settlement has several benefits to the PRWC as outlined below:
1) A jury trial was avoided, which would have exposed the PRWC to an additional estimated $100,000-$150,000 in costs;
2) The PRWC transmission line design was adjusted to move one air relief valve off the property, but no other design changes were necessary.
This settlement was negotiated and settled by the PRWC's eminent domain attorney (Peterson and Myers) with the property owner's attorney. An order of taking was obtained in February 2026. Upon Board approval the PRWC attorney will enter a Stipulated Final Judgement to the court for final a...
Click here for full text