STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: February 24, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
______________________________________________________________________
SUBJECT
title
Authorize (1) an increase in appropriations in an amount not to exceed $2,506,000.00 in the Reforestation Fund; and (2) an acquisition from the Trust for Public Land for the Five Mile Creek Master Plan (Woody Branch Park Land), of approximately 82 acres of land located near the intersection of Hammerking Road and South R.L. Thornton Freeway for the proposed Woody Branch Park Site Project - Not to exceed $2,506,000.00 ($2,490,000.00, plus closing costs and title expenses not to exceed $16,000.00) - Financing: Reforestation Fund
body
BACKGROUND
This item authorizes the acquisition from Five Mile Creek Master Plan (Woody Branch Park Land), of approximately 82 acres of land located near the intersection of Hammerking Road and South R.L. Thornton Freeway for the proposed Woody Branch Park Site II Project. This property will be used for the future construction and use as a new park site.
This acquisition is a collaboration between the Sustainable Development and Construction Department, Park and Recreation and The Trust for Public Land (TPL). TPL has the subject property under contract to purchase for its appraised value of $2,490,000.00 and is offering the land to the City for the appraised value. The City will be responsible for the title insurance and one-half of the closing costs upon acquisition from TPL. The consideration is based on independent appraisals. No relocation costs are associated.
The criteria for acquisition of forested land with Reforestation Funds includes: 1) Acquisition of land for and to benefit the public good; 2) Land acquired must be conserved and retained (Section 51A-10.102 and 51A-10.135) to support tree canopy coverage and the enhancement of ...
Click here for full text