Title
Consider/Discuss/Act on the Purchase and Sale Agreement of 3.198 Acres of Land, Located South of Bloomdale Road and West of Community Avenue
Summary
COUNCIL GOAL: Enhance the Quality of Life in McKinney
(5A: Create affordable recreational and cultural arts activities for all ages throughout the city)
(5B: Develop Parks strategy to preserve green space for future park land)
(5E: Develop sustainable quality of life improvements within the City of McKinney)
MEETING DATE: May 17, 2022
DEPARTMENT: Parks and Recreation
CONTACT: Michael Kowski, Director of Parks and Recreation
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the Agreement.
ITEM SUMMARY:
• This agenda item will authorize the purchase of 3.198 acres of high and dry land as well as acceptance of a donation of 10.035 acres of floodplain for parks and recreation purposes. In total, the amount of land acquired will be 13.233 acres.
• The agreed upon purchase price for the land is $330,846.
• This acreage is located south of the new Bloomdale road/bridge extension and just west of Community as well as being adjacent to 8.181 acres of City owned parkland.
• This land will be used for a trail head/neighborhood park/hike and bike trail connection.
BACKGROUND INFORMATION:
• This land is planned to provide neighborhood park and recreation for the adjacent neighborhoods as well as provide a key connection for the overall hike and bike trail system.
• The design of this park is being identified as a new project in this upcoming 2023 budget. No design firm has been selected yet.
• The landowner’s development representative is also working on a multi-family development in this same vicinity. A portion of the parkland fees that have been paid with this development are being used for the purchase of the parkland.
• At the landowner’s request, the Agreement includes a provision that the City will consider naming the trail head/park after the Reed family, longtime owners of the property. This would be brought forward under a separate agenda item in the future as the park develops.
FINANCIAL SUMMARY:
• PK2270 is a FY21-22 Capital Improvements Program project that is funded by parkland dedication zone 1 funds. These funds will cover the purchase of the land as well as any surveying, closing costs, etc.
• Upon approval of this item, $19,154 will remain in PK2270.
BOARD OR COMMISSION RECOMMENDATION:
• This item was discussed at the April 21, 2022 Park Board meeting.