Item 4E
Item 4E:
Resolution No. 07-019, authorizing the City Attorney to bring condemnation action for the purpose of obtaining land for park purposes being approximately 11.2 acres, part of the R.D.
Price Survey Abstract 1003-D, Tract 6, and approximately 6.546 acres, Tract 4, H.O. Throop Survey, Abstract No. 1273D and Tracts 7 and 8, R.D. Price Survey Abstract No. 1003D.
City has attempted to purchase property over last several months:
Third party negotiations
Direct City contact via telephone, letters, and meetings
Best and final offer letters
Sent to both property owner’s (March 2, 2007)
Above appraised values
March 16, 2007 deadline to respond
Owners failed to respond
Next step
Authorize City Attorney to bring condemnation action
Resolution No. 07-019
Financial Considerations
$2,500,000 in SPDC CIP budget for acquisition of park property
11.2 acres
Tucker
Fretwell
Tucker
Fretwell Property
6.546 acres
Staff available for questions and seeks City Council direction
Staff Contact: Steve Polasek (817) 748-8018