STRATEGIC PRIORITY: Quality of Life
AGENDA DATE: February 10, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Park & Recreation Department
EXECUTIVE: John D. Jenkins
______________________________________________________________________
SUBJECT
title
Authorize an increase in the purchase price for land acquisition for Harwood Park from Harwood Park, LLC of land located in Dallas County, Texas generally bounded by Jackson, Young and Harwood Streets and South Pearl Expressway, and being the same property generally identified in the initial concept drawing as "Concept Harwood Park", for the Project 2 Harwood Park Project located at 2012 Jackson Street - Not to exceed $5,731,784.00, increased from $11,787,216.00 to $17,519,000.00 ($17,500,000.00, plus closing costs and title expenses not to exceed $19,000.00) provided however, this increase shall not exceed the remaining balance of 2017 bonds committed to the four downtown parks to be developed by the Parks for Downtown Dallas Foundation and related entities match bond funds remaining and available on the date of closing - Financing: Park and Recreation Facilities (B) Fund (2017 General Obligation Bond Fund)
body
BACKGROUND
This item authorizes an increase in the purchase price from Harwood Park, LLC of land located in Dallas County, Texas generally bounded by Jackson, Young and Harwood Streets and South Pearl Expressway, and being the same property generally identified in the initial concept drawing as "Concept Harwood Park", for the Project 2 Harwood Park Project. This property will be used for the future construction and use as a new park site. The consideration is based on independent appraisals. No relocation costs are associated.
This action is for the final acquisition for downtown parks from the 2017 bond project for downtown park acquisitions and development. By agreement with Parks for Downtown Dallas, the City 2017 committed bond funds would be matched by Parks for Downtown Dallas through acquisitions and...
Click here for full text