STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: May 10, 2023
COUNCIL DISTRICT(S): 12
DEPARTMENT: Department of Public Works
EXECUTIVE: Dr. Robert Perez
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SUBJECT
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Authorize acquisition from Heather McClure and Dane Cofer, of approximately 49,355 square feet of land improved with a single-family dwelling located near the intersection of Davenport Road and Duffield Drive for the Cotton Belt Trailhead Project - Not to exceed $1,513,000.00 ($1,500,000.00, plus closing costs and title expenses not to exceed $13,000.00) - Financing: Capital Gifts Donation and Development Fund
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BACKGROUND
This item, on behalf of the Park and Recreation Department, authorizes the acquisition from Heather McClure and Dane Cofer, of approximately 49,355 square feet of land improved with a single-family dwelling located near the intersection of Davenport Road and Duffield Drive for development of a trailhead with parking for the future Cotton Belt Trail. The consideration is based on an independent appraisal and further negotiations with the property owner. Relocation costs are estimated to be $10,000.00.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On April 11, 2023, the Park and Recreation Department Board authorized the acquisition from Heather McClure and Dane Cofer.
FISCAL INFORMATION
|
Fund |
FY 2023 |
FY 2024 |
Future Years |
|
Capital Gifts Donation and Development Fund |
$1,513,000.00 |
$0.00 |
$0.00 |
OWNERS
Heather McClure
Dane Cofer
MAP
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