SUBJECT
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Approve Mediated Settlement Agreements with KSI Enterprises, Inc. for County acquisition of Parcels 102 and104, and with Mary Elizabeth Pierce and Matthew C. Pierce for Parcel 103, all in conjunction with the CR542A (Galloway Road) at 10th Street Project. ($228,083.00 one-time expense)
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DESCRIPTION
The County has a Community Investment Project to improve CR 542A (Galloway Road) at 10th Street to a roundabout intersection in the greater Lakeland area. To construct the roundabout, the County must acquire additional right-of-way for the intersection from adjoining impacted property owners. After the Board authorized negotiations with impacted property owners, the County was able to acquire many of the property parcels needed for the project through negotiated Right of Way Agreements.
When it was unable to timely reach negotiated agreements with the other impacted property owners, on December 20, 2024 the County filed a Petition with the Tenth Judicial Circuit court to acquire the remaining required parcels by eminent domain. On March 10, 2025, the County sought and obtained separate Stipulated Orders of Taking with KSI Enterprises, Inc. ("KSI"), the owner of Parcel 102 and Parcel 104, and with Mary Elizabeth Pierce and Matthew Pierce (the "Pierces"), the owners of Parcel 103. Pursuant to the Orders, the County deposited into the Registry of the Court a designated amount for each parcel ($110,300.00 for Parcel 102, $23,300.00 for Parcel 103, and $41,300.00 for Parcel 104), which was then released to the respective parcel owner as a partial payment of the final compensation payable to each owner for their parcel(s).
On April 29, 2025, the County and its eminent domain counsel met with KSI and its counsel and successfully mediated the amount of compensation the County will pay for Parcel 102 and Parcel 104. Pursuant to the negotiated terms, the County will pay KSI the aggregate sum of $280,000.00 in full settlement of all claims for compen...
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