SUBJECT
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Approve the Mediated Settlement with Korosh and Christiane Kiandost for PRWC Parcel Number 5074 Permanent and Temporary Construction Easements (Action)
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DESCRIPTION
Following a mediation session on October 7, 2025 between the PRWC and the property owners and their attorney, the PRWC reached a monetary settlement regarding easement 5074 Permanent and Temporary Construction Easements (Exhibit A).
Pursuant to the negotiated terms, the property owner of this parcel will receive $135,000 for a permanent easement totaling 0.70 acres and a temporary construction easement totaling 0.29 acres. The PRWC appraisal update amount for the permanent and temporary construction easements was $31,200. The property owner (through his attorney) initially countered at $359,080. After a series of cost exchanges, a settlement was reached at $135,000, which is $103,800 above the appraised value and $224,080 below the property owner's initial offer. The increase in the amount of compensation provided to the property owner above the appraised value is considered reasonable and appropriate for a likely future residential subdivision. In addition, the PRWC is impacting development potential around a small lake on the property.
The PRWC negotiated owner expert fee invoices in the amount of $40,000. Statutory attorney fees mandated under Florida law are $25,410. The total cost for the easement is $200,410.
The negotiated settlement has numerous benefits to the PRWC as outlined below:
1) The settlement is $224,080 less than the owner's opinion of compensation;
2) A jury trial was avoided, which would have exposed the PRWC to an additional estimated $300,000-$400,000 in costs;
3) The PRWC transmission line can remain as designed despite impacts to a potential future residential/commercial property.
Easements were acquired from the property owner by an Order of Taking on April 18, 2024. The PRWC attorney will file the Stipulated Final Judgement for the par...
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