AGENDA CAPTION:
Title
Consider approval of Resolution 2022-176R, approving a contract with QCCC, Ltd., for the City to purchase the former Quail Creek Country Club site at 2701 State Highway 21 for a price of $8,500,000.00, plus related closing costs, funded in part with Hays County Parks and Opens Space Bond funds in the amount of $6,600,000.00, for a future municipal park; authorizing the City Manager, or her designee, to execute said contract and all closing documents related to such purchase on behalf of the City; and declaring an effective date.
Body
Meeting date: August 2, 2022
Department: Parks and Recreation Department
Amount & Source of Funding
Funds Required: $1,900,000.00
Account Number: Various
Funds Available: $1,900,000
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Fiscal Note:
Prior Council Action: City Council provided direction in multiple executive session to proceed with this property acquisition for parkland purposes.
City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☒ Parks, Public Spaces & Facilities - Collection of connected and easily navigated parks and public spaces
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☐ Core Services
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Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Parks, Recreation, & Open Space Master Plan
Background Information:
This 176.5 acres, formally known as the Quail Creek Country Club, is being purchased at a price of $8,500,000 for the purposes of establishing an eastside public park.
This project was submitted to the Hays County Parks and Open Space Committee (POSAC) as part of the November 2020 Hays County Parks Bond funding consideration in May 2021.
The City will be receiving $6,600,000 from Hays County in Parks and Open Space Bond funds to assist in this property acquisition.
The City’s funding responsibility will be $1,900,000 and will be paid as follows:
$1,000,000 - General Fund
$700,000 - American Rescue Fund
$200,000 - Parkland Fee-in-Lieu
The planning of use and amenities will be determined through a community wide master planning process.
Council Committee, Board/Commission Action:
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Alternatives:
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Recommendation:
Staff recommends approval