SUBJECT
title
Authorizing the City Manager to accept the surface estate only of Lot 30, Block 8, Phoenix Village Subdivision, Phase VII, which is 2.17 acres of land, more or less, from AFW Investments II, Ltd, conveyance by special warranty deed for the development of Phoenix Subdivision, to serve for recreational parkland purposes in accordance with the land development code; Authorizing the execution of Special Warranty Deed; and providing for an effective date. The parcel has an estimated value of $425,000.00.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
The Parks and Recreation Advisory Board approved the park concept on March 27, 2017 for a planned 573 lot development with a 2.17acre parkland dedication. The development is situated off of Highway 359.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this resolution.
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Fiscal Impact
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Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
Land will be recorded in the City’s General Fixed Assets System at the appraised value.