STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: September 25, 2024
COUNCIL DISTRICT(S): 13
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize (1) acquisition from Dallas Independent School District, containing a total of approximately 360,148 square feet of land bound by Webb Chapel Road and Pensive Drive; and (2) an increase in appropriations in an amount not to exceed $2,910,740.00 in the Park Land Dedication Program Fund - Not to exceed $4,240,740.00 ($4,210,740.00 plus closing cost and title expenses not to exceed $30,00.00) - Financing: Park Land Dedication Program Fund ($2,910,740.00), General Fund ($1,000,000.00), and Park and Recreation Facilities (B) Fund (2017 General Obligation Bond Fund) ($330,000.00)
Body
BACKGROUND
This item, on behalf of the Park and Recreation Department authorizes (1) acquisition from Dallas Independent School District containing a total of approximately 360,148 square feet of land bound by Webb Chapel Road and Pensive Drive; and (2) authorize an increase in the establishment of appropriations in in amount not to exceed $2,910,740.00; thereby increasing the appropriation in the Park Land Dedication Program, for the 10345 Webb Chapel Road Acquisition Project. This property will be used for development of a future park. The consideration is based on an independent appraisal. There are no relocation benefits associated.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On April 4, 2024, the Park and Recreation Board authorized the acquisition from Dallas Independent School District.
FISCAL INFORMATION
Fund
FY 2024
FY 2025
Future Years
Park Land Dedication Program Fund
$2,910,740.00
$0.00
$0.00
General Fund
$1,000,000.00
$0.00
$0.00
Park and Recreation Facilities (B) Fund (2017 General Obligation Bond Fund)
$ 330,000.00
$0.00
$0.00
Total
$4,240,740.00
$0.00
$0.00
OWNER/...
Click here for full text