M&C Review


COUNCIL ACTION:  Approved on 11/6/2018 - Ordinance No. 23465-11-2018

DATE: 11/6/2018 REFERENCE NO.: **L-16159 LOG NAME: 21KELLER HASLET KNOX ACQUISITION
CODE: L TYPE: CONSENT PUBLIC HEARING: NO
SUBJECT:  

Authorize the Acquisition of Approximately 2.7 Acres of Vacant Land Located at 4400 Keller Haslet Road and Park Vista Boulevard from Knox Street Partners No. 8 Ltd. in the Amount of $459,765.00 and Pay $10,000.00 in Estimated Closing Costs, Dedicate the Property as Parkland Upon Conveyance as Timberland Park and Adopt Appropriation Ordinance (COUNCIL DISTRICT 7)


RECOMMENDATION:

It is recommended that the City Council:

1.  Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Park Dedication Fees Fund in the amount of $469,765.00 from available funds for the property acquisition;

2.  Authorize the acquisition of approximately 2.7 acres of vacant land located at 4400 Keller Haslet Road and Park Vista Boulevard from Knox Street Partners No. 8 Ltd. in the amount of $459,765.00, and pay up to $10,000.00 in estimated closing costs;  

3.  Authorize the City Manager or his designee to execute the appropriate closing documents and record the appropriate instruments; and

5.  Dedicate the property as parkland upon conveyance as Timberland Park.

 
DISCUSSION:

The purpose of this Mayor and Council Communication (M&C) is to acquire land located in north Fort Worth in accordance with the Neighborhood Community Park Dedication Policy and the Park, Recreation and Open Space Master Plan, which calls for the provision of adequate park and recreational areas in the form of Neighborhood Based Parks and Community Based Parks.

The Park & Recreation Department conducted an assessment of potential properties in north Fort Worth for neighborhood park land acquisition. The proposed acquisition is located in Neighborhood Park Unit 6-02 which is currently underserved in neighborhood based parkland. Upon completion of internal staff assessment of various parcels, the site located at the southeast corner of Park Vista Boulevard and Keller Haslet Road was found most suited for a neighborhood park. Because the site is centrally located adjacent to multiple neighborhood subdivision developments and is fronted by a collector street to existing neighborhoods with pedestrian access, it has been determined suitable for recreational amenity development with good site conditions and available utilities.

Staff recommends acquiring approximately 2.7 acres of vacant land located at 4400 Keller Haslet Road and Park Vista Boulevard from Knox Street Partners No. 8, Ltd to help meet an underserved need in this sector of the City.  

An independent appraisal was conducted and the property owner has agreed to the negotiated purchase price of  $459,765.00. The real estate taxes will be pro-rated with the Sellers being responsible for taxes due up to the closing date.  The mineral estate will not be acquired and the deed will contain a surface waiver for the exploration of the mineral estate. Staff has obtained an environmental study and a survey of the property.

The park will be held in reserve status until development occurs. The annual cost to maintain this parkland in reserve status is estimated to be $8,663.00. When the park is developed, additional funding will be requested for maintenance operations of the added facilities.

This property is located in COUNCIL DISTRICT 7.

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon approval of the above recommendations, funds will be available in the current capital budget, as appropriated, of the Park Dedication Fees Fund. The Director of Finance certifies that parkland maintenance costs will not result in any additional appropriations in the Fiscal Year 2019 Budget.

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FROM
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Submitted for City Manager's Office by:
Jay Chapa (5804)
Originating Department Head:
Roger Venables (6334)
Richard Zavala  (5704)
Additional Information Contact:
Laura B Morales  (2311)
David Creek (5744)

 
 
ATTACHMENTS
  21KELLER HASLET KNOX ACQUISITION_30110_AO19 Updated.docx
  Certificate Form 1295 - signed.pdf
  MC SITE MAP 4400 KELLER HASLET.pdf