Title
Consider/Discuss/Act on a Resolution Authorizing the City Manager to Execute a Real Estate Donation Contract for Lot 1, Block A of the Greens of McKinney, Approximately 73 Acres
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
Direction for Strategic & Economic Growth
MEETING DATE: September 19, 2017
DEPARTMENT: Parks and Recreation
CONTACT: Michael Kowski, Director of Parks and Recreation
Jenny Baker, Parks, Planning and Development Manager
RECOMMENDED ACTION:
* Recommend that Council approve the resolution.
ITEM SUMMARY:
* The Greens of McKinney is a former 18-hole golf course located generally between Eldorado Parkway and Stewart Road and along the south side of Wilson Creek.
* The property is no longer in operation as a golf course and remains in a natural state.
* The owner of the property, McKinney Fairways, is offering to donate approximately 73 acres of former golf course (Lot 1) to the City to be used as parkland, as the majority of it is floodplain.
* The owner is also working with a development company on redeveloping the remaining southern portion south of Stewart Road for residential uses. This redevelopment will have a requirement for parkland to be dedicated, which with 183 lots will require 3.66 acres.
* In a separate transaction, the developer is proposing to dedicate 19.8 acres (Lot 3) to satisfy parkland dedication obligations.
* In totality, the City will obtain approximately 93 acres through a combination of a 73 acre donation and a 19.8 acre dedication.
BACKGROUND INFORMATION:
* On October 13, 2016 staff attended a neighborhood meeting with the residents from the adjacent neighborhoods to discuss with them the potential donation as parkland. There were approximately 65 people in attendance with overwhelming support expressed for the City to take ownership of the property.
* At this time, the City will maintain the land as is, with no major improvements or enhancements proposed.
*...
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