AGENDA CAPTION:
Title
Consider approval of Resolution 2014-155R approving an Agreement of Sale with the Trust for Public Land for the City to purchase approximately 89.7 acres of land for the expansion of the Purgatory Creek Preserve Green Space at a price of $1,295,500.00; authorizing the City Manager to execute said agreement and related closing documents on behalf of the City; and declaring an effective date.
Body
Meeting date: November 5, 2014
Department: Community Services-PARD
Funds Required: $1,295,500
Account Number: 270.324.72200; 450.564.72200
Funds Available: $1,340,000
Account Name: Purgatory Creek Preserve
CITY COUNCIL GOAL:
BACKGROUND:
As per direction from Council and in collaboration with Trust for Public Land we are prepared to close on the purchase of the 89.79 acre Barker B2 tract adjacent to the existing Purgatory Creek Natural Area using existing funds on hand. Those funds are the remaining funds from the county bond that was awarded to the city in 2007 and city funding. Hays County has agreed to the use of these funds for this purchase. No funds are from federal and state sources, therefore we have fewer restrictions on adding amenities. The advantages of this purchase are little or no golden-cheek warbler habitat, an existing road, and water well. The site can be accessed from McCarty Road. We will also be able to use the purchase price of this property as a match toward other grants for improvements.