CLARK COUNTY BOARD OF COMMISSIONERS
AGENDA ITEM
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Petitioner: |
Denis Cederburg, Director of Public Works |
Recommendation:
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Approve and authorize a proposed settlement in the amount of $335,976 for a portion of Assessor’s Parcel Number 176-25-401-014 (Brian M. Adams) needed for right-of-way for construction of the Cactus Avenue at Jones Boulevard project; and authorize the County Manager or his designee to sign future escrow instructions and any pertinent documents necessary to complete the acquisition process. (For possible action)
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FISCAL IMPACT:
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Fund #: |
4990.991 |
Fund Name: |
Public Works Regional Improvements/RTC |
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Fund Center: |
1260110001 |
Funded PGM/Grant: |
PW.R04147A |
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Amount: |
$340,000 (includes title and escrow fees) |
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Description: |
Cactus Ave at Jones Blvd |
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Additional Comments: |
N/A |
BACKGROUND:
On January 06, 2025, the Board of County Commissioners approved and authorized the acquisition by negotiation of Assessor's Parcel Number 176-25-401-014 (Brian M. Adams, A Married Man) needed for improvements on Cactus Avenue at Jones Boulevard. Appraisal prepared for the County reflected an amount of $211,072, whereas the property owner's legal counsel presented a counteroffer in the amount of $450,000. Upon extensive negotiations between Clark County Public Works staff and the property owner's legal counsel, a proposed settlement has been reached to acquire a portion of the parcel in the amount of $335,976. Acceptance of the settlement will avert additional costs associated with litigation, potential interest payment and a possible judgement in excess of the settlement. Therefore, staff believes that the proposed settlement is reasonable, justified, and in the best interest of the County.
Authorization to approve and authorize the proposed settlement is now being sought from the Board.