SUBJECT
title
Authorizing the City Manager to accept the charitable donation of 1.5965 acres of land from HFK Development, LLC and Laredo Four Winds, LTD, conveyance by warranty deed of 1.5965 acres of parkland for the development of Vista Del Sur Phase 1 and Phase 2 Subdivision which is 1.0349 acres more than the requirement of 0.5616 acres of parkland to serve for recreational parkland purposes in accordance with the land development code; authorizing the execution of warranty deed; and providing for an effective date. The parcel has an estimated appraised value of $98,000.00.
body
PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
In accordance with Ordinance 2008-0-158, Section 24.56, the Vista Del Sur Development, comprising 144 lots, developer HFK Development LLC and Laredo Four Winds LTD is required to provide 0.5616 acres of parkland; however, are contributing a total of 1.5965 acres, exceeding the requirement by 1.0349 acres. The City will accept the donation. These two parcels will form a linear park accessible from both sides of Ejido Avenue. Plans include landscaping with trees, irrigation, and a walkway to enhance the community walking park. Additionally, they have met the requirement for park improvement fees, totaling $45,216.00.
.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff Recommends the approval of this resolution.
end
Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: N/A
Source of Funds: N/A
Account #: N/A
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Land will be recorded in the City’s general fixed assets system at the appraised value of $98,000.00.