Item 4E
Lease Agreement with US Army Corps of Engineers for 448 acres
Item #4E
Requested Action
City Council approval of a lease agreement with the Secretary of Army, US Army Corps of Engineers, for 448 acres of land adjacent to Bob Jones Park
LEASE #1
RED = Existing 218 acres leased areas
GREEN = Additional 230 acres to be added to new Lease
Lease of 448 acres COE Property
Current 25-year lease for 218 acres to be replaced with new lease
New lease will add 230 additional acres for total 448 acres designated as Recreation Area
Original Lease Term: January 20, 1998 – January 19, 2023
New Lease Term: August 1, 2011-July 31, 2036
Financial Impact:
One-time administrative fee of $475
Long term maintenance dollars will be budgeted as the BJNCP Master Plan is implemented.
Citizen Input / Board Review
Additional park acreage proposed in the lease has been incorporated into the Bob Jones Nature Center & Preserve Master Plan, a component of Parks Recreation and Open Space Master Plan
and the Southlake 2030 Plan
City Attorney reviewed lease
City Council consider August 2, 2011
Questions? Chris Tribble 817.748.8021