AGENDA CAPTION:
Title
Consider approval of Resolution 2018-57R, approving an Agreement of Sale with the Trust for Public Land for the City to purchase approximately 151 acres of land for the third and final acquisition out of the Wildenthal Tract at a cost neutral amount of $2,265,368, subject to the award to the City of Federal Grant Funds from the Texas Parks and Wildlife Department for such purchase; authorizing the extension of any federal grant restrictions to the abutting approximately 52 acres acquired in phase two; 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: April 17, 2018
Department: Community Services Department
Amount & Source of Funding
Funds Required: Cost Neutral
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Fiscal Note:
Prior Council Action:
On February 27, 2015, City Council passed Resolution 2015-20R approving an interlocal agreement and Memorandum of Understanding with Hays County that provides for the City to contribute $500,000 toward the purchase of 110 acres out of a Wildenthal tract (Wildenthal I) from the Trust of Public Land, subject to the county's conveyance of the property to the City.
On March 7, 2017, City Council passed Resolution 2017-44R approving an agreement of sale with the Trust for Public Land for the City to purchase approximately 50 acres out of the Wildenthal tract (Wildenthal II) in the amount of $632,000. Resolution also authorized a grant application to the U.S. Fish and Wildlife Service for the purchase of the remaining 152 acres known as Wildenthal III in the amount of $2,272,500.
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