SUBJECT
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Approve Land Purchase Agreement between Duane Frericks and Polk County for a parcel associated with the realignment of Bargain Barn Road. ($65,100 one-time expense)
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DESCRIPTION
Bargain Barn Road is a public roadway running between CR 547 and US Highway 17/92. The eastern portion of the roadway is proposed to be realigned to align with the proposed signalized intersection of Power Line Road at US Highway 17/92 and in conjunction with proposed commercial development. The developer of the proposed development will convey right-of-way adjacent to the development for a portion of the roadway; however, additional right-of-way parcels are needed for the realignment and associated drainage facilities. Discussions with the owner of one of the parcels, containing a little over a half an acre, needed for mainline right-of-way and a portion of the drainage facilities, Duane Frericks, has resulted in a proposed purchase price of $64,500 for the parcel.
The County Attorney’s Office and the Real Estate Services Director have reviewed the Agreement and recommend approval. Approving the Land Purchase Agreement and authorizing issuance of funds for the purchase will allow the County to take ownership of the parcel for the planned realignment.
RECOMMENDATION
Request Board approve the aforementioned Land Purchase Agreement and authorize the issuance of funds for the purchase of the parcel in the amount of $64,500 along with closing costs in the estimate amount of $600 for a total amount of $65,100.
FISCAL IMPACT
Funds are available in Roads and Drainage 5-year CIP in the Transportation 1-Mill Fund.
CONTACT INFORMATION
R. Wade Allen, Director
Real Estate Services
863-534-2577