Subject:
Title
Authorization of Settlement Agreements for Brevard County Shore Protection Project (Mid Reach Segment Renourishment Easements BRP-133, BRP-172, and BRP-173)
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Fiscal Impact:
BRP-133: $61,255 total settlement costs funded from the Tourism Beach Fund (1442/293100), with approximately 57.4% ($35,160) eligible for credit through Federal cost share and 50% ($13,047) of remaining cost eligible for reimbursement from State, resulting in $13,047 local cost.
BRP-172 and BRP-173: $360,116.74 total settlement costs funded from the Tourism Beach Fund (1442/293100), with approximately 57.4% ($206,708.00) eligible for credit through Federal cost share and 50% ($103,354) of remaining cost eligible for reimbursement from State, resulting in $103,354 local cost.
Dept/Office:
County Attorney's Office / Natural Resources / Tourism
Requested Action:
Recommendation
Staff requests that the Board of County Commissioners approve a settlement of Brevard County Circuit Court Case No. 05-2023-CA-015474-XXXX-XX, settling the case as to the remaining defendants Hubbard Investments, Inc. and Daniel Hasratian and Karine Melkoumian; authorize the Chairman to execute the Hubbard Settlement Agreement and any other documents necessary to finalize and effectuate the settlement; and authorize the Chairman to execute the Hasratian and Melkoumian Settlement Agreement and any other documents necessary to finalize and effectuate the settlement, subject to County Attorney approval as to form.
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Summary Explanation and Background:
The County filed the eminent domain case styled Brevard County v. Thirrel A. Altman, Jr., Trustee of the Thirell A. Altman Sr. Trust U/T/D March 16, 2001, et al., Brevard County Circuit Court Case No. 05-2023-CA-015474-XXXX-XX, to acquire the beach renourishment easements referred to as BRP-133, BRP-172, BRP-173, and BRP-174 for the Mid-Reach Segment of the Brevard County Shore Protection Project being done in conjunction with the United States Cor...
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