TO: Board of County Commissioners
THROUGH: John A. Titkanich, Jr., County Administrator
Nancy A. Bunt, Assistant County Administrator
David Schryver, Acting Public Works Director
FROM: Jill Williams, Contract Support Specialist
DATE: December 26, 2025
SUBJECT: Florida Department of Transportation (FDOT) Locally Funded Agreement (LFA) and Three Party Escrow Agreement for CR510/85th Street to 58th Avenue FM Nos. 4056063-3-43-02 and 405606-3-45-02 (IRC-2504)
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BACKGROUND
Indian River County acquired multiple properties along County Road 510 (CR 510), extending from west of 82nd Avenue to 58th Avenue, in support of the Florida Department of Transportation’s (FDOT) CR 510 widening project (FM Nos. 405606-3-43-02 and 405606-3-45-02). These acquisitions occurred after the project was federalized in 2001.
ANALYSIS
FDOT has requested that Indian River County approve a Locally Funded Agreement (LFA) in the amount of $471,600.00, along with a Three-Party Escrow Agreement, to fund right-of-way remediation services. These services apply to properties acquired by the County that are now being utilized for construction of the CR 510 segment from west of 82nd Avenue to 58th Avenue.
The purpose of the remediation is to bring all County-acquired parcels within the project’s right-of-way limits into compliance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended (Uniform Act). Compliance may require providing relocation assistance to affected property owners and/or supplemental compensation when the original purchase price was less than just compensation. In such instances, eligible property owners would be offered payment equal to the difference between the recommended compensation and the amount previously paid.
BUDGETARY IMPACT
Funding in the amount of $471,600.00 will be made available upon completion of the rollover budget amendment in t...
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