Title
Receive briefing regarding the potential donation of property located at 2920 Gus Thomasson Road.
Body
During the Pre-Meeting, staff will discuss an intent to donate property located at 2920 Gus Thomasson Road.
The property is currently under contract and has a pending rezoning application, scheduled for the Planning and Zoning Commission on November 26, 2018. The Buyer/Developer is requesting the property be rezoned from Planned District (PD) - Office to Planned District (PD) - Single-family residential.
The total property is 36.464 acres. The property has a drainage channel that runs along the eastern edge of the property that requires necessary improvements, making previous development cost prohibitive.
The City has been supportive of the Buyer’s/Developer’s Concept Plan and has been working with him and adjacent property owners to make the necessary improvements to the drainage channel, but unfortunately construction is scheduled to begin in mid to late January, before the Buyer/Developer will technically own the property.
The current owner(s) are aware of the rezoning application, the process remaining and are supportive. The current owner(s) have agreed to donate the necessary land prior to the Buyer’s/Developer’s closing.
The portion being donated for drainage channel improvements is a total of 10.15 acres, with 6.41 acres being in the floodplain.
The 2018 certified DCAD value of the property is $1,091,630 and the owner is current on taxes.
Recommended/Desired Action
No action is requested at this time. If directed, staff will prepare a Donation Agreement for Council consideration at a future Council meeting.
Attachment(s)
Location Map
Drafter
Sean Fox
Head of Department
Cliff Keheley