Real Estate Acquisition Division

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Statement of Function

The purpose of the Secondary Road Construction fund is the segregation of funds generated by the local option 6-cent gas tax administered by the State. The local option fuel tax proceeds, per State law, may only be used for transportation expenditures. By definition, this means public transportation operations and maintenance, roadway and right-of-way maintenance and drainage, bridge maintenance and operation, traffic engineering and signalization, street lighting and construction or reconstruction of roads.

Overview of the typical process - Real Estate Acquisition

• Appraisal of land value is ordered by Indian River County.
• Appraisal received and reviewed by Indian River County Staff.
• Offer letter and copy of appraisal is mailed to landowner for review. PLEASE NOTE: any offer made at this time during the early acquisition period will be considered ordinary arm’s length negotiations and will not constitute the initial offer for purposes of an eminent domain attorneys’ fee award.
• Landowner accepts offer or enters into negotiations with Indian River County.
• Purchase Agreement is accepted and executed by Landowner.
• Executed purchase agreement is presented to the Indian River County Board of County Commissioners (BOCC) for action.
• If approved, the purchase agreement is executed by Chairman of BOCC, and file is given to legal department to prepare for closing.
• The Landowner will be notified of the closing date by the Title Company handling the closing.