Item 4ECity of Southlake, Texas
c
M E M O R A N D U M
July 6, 2007
TO: Shana Yelverton, City Manager
FROM: Steve Polasek, Director of Community Services
Authorization to accept general warranty deed for parks in the Town Square
SUBJECT:
Grand Avenue District
___________________________________________________________________________
Action Requested:
City Council authorization to accept general warranty deed for parks
(McPherson and Plaza parks) in the Town Square Grand Avenue District.
Background
Information:
Included as a part of the developer’s agreement for Town Square Grand
Avenue is the construction of two public parks (McPherson Park and Plaza
Park). These facilities have been completed by the developer and staff is
currently proceeding with the process of accepting the parks in conjunction
with the other public improvements. At the April 17, 2007 City Council
meeting, authorization was provided to accept the deeds for various streets and
right-of-ways. This item continues the acceptance process by providing
authorization to receive the public park areas upon satisfaction of the
requirements of our existing agreements and as acceptable to the City
Attorney.
Financial
Considerations:
Not applicable.
Financial Impact:
The City’s participation in development of the public parks is $1,000,000 as
authorized through the TIF Development Agreement executed on May 3, 2005.
Citizen Input/
Board Review:
Not applicable.
Legal Review:
The attached general warranty deed for public parks in the Grand Avenue
District of Town Square has been reviewed by the city attorney.
Alternatives:
City Council consideration.
Supporting
Documents:
Supporting documents include:
General warranty deed for Plaza and McPherson parks
Staff
Recommendation:
City Council authorization to accept the general warranty deed for parks
(McPherson and Plaza parks) in the Town Square Grand Avenue District.
Shana Yelverton, City Manager
July 6, 2007
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Shana Yelverton, City Manager
July 6, 2007
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Shana Yelverton, City Manager
July 6, 2007
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Shana Yelverton, City Manager
July 6, 2007
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Shana Yelverton, City Manager
July 6, 2007
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