SUBJECT
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Approve Right-of-Way Agreement between Skytech-Geo LLC, a Florida limited liability company and Logsons Investment LLC, a Florida limited liability company, and Polk County in conjunction with the County Road 557 Project, Parcel 131. ($29,790 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.
Parcel 131 is a triangular shaped fee parcel, containing approximately 1,510 square feet, needed as right-of-way for a roundabout associated with the project. The parent parcel is a vacant, irregular shaped parcel, containing approximately 29-acres located at the northeast corner of the intersection of County Road 557 and Polk City Road. The County hired an independent appraiser to establish full compensation for the taking of Parcel Number 131 and the owners, Skytech-Geo LLC and Logsons Investment LLC rejected the County's offer. Subsequent negotiations with the owners have resulted in a proposed settlement amount of $27,790 for the purchase of the parcel. The owners have not incurred any attorney fees or expert costs in conjunction with this acquisition.
The County Attorney's Office and the Real Estate Services Director have reviewed the agreement and recommend approval. The alternative of acquiring this parcel through condemnation litigation would result in substantial cost to the County. Approving the Right-of-Way Agreement, authorizing the issuance of funds for the purchase, and hiring American Government Services Corporation to close the transaction will allow the County to take ownership of the parcel needed for the project.
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