AGENDA CAPTION:
Title
Consider approval of Resolution 2018-153R, ratifying the acceptance of a grant award in the amount of $50,000 from the Jacob and Terese Hershey Foundation to be applied toward the second lease installment due to the Trust for Public Land under the Lease-Purchase Agreement for the Grady Early Tract; authorizing the City Manager or his designee to execute any and all documents as necessary to implement the grant award; and declaring an effective date.
Body
Meeting date: September 4, 2018
Department: PARD
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: The City Council approved a three-year lease purchase of the property with direction for staff to apply for grant funds to be applied toward the purchase price.
City Council Strategic Initiative: [Please select from the dropdown menu below]
City Facilities
Goal #9 Protect & Preserve San Marcos River and Edwards Aquifer Recharge Zone
Goal #2 Beautify & Enhance the Quality of Place
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Parks, Recreation, & Open Space Master Plan
Background Information:
In the fall of 2017, The City of San Marcos entered into a three year lease with The Trust for Public Land for the acquisition of Sink Creek (Early tract) in the amount of $1,270,000. The City made the first installment payment of $423,333 in 2017. City Council approved the lease-purchase agreement with the expectation that external funding sources would be sought to ma...
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