Title
Resolution to Approve Participation Agreement with Washtenaw County Parks and Recreation for the Purchase of Property Owned by DF Land Development LLC in Ann Arbor Township, and Appropriate funds, Not to Exceed $385,312.00 from the Open Space and Parkland Preservation Millage Proceeds (8 Votes Required)
Memorandum
Attached for your review and action is a resolution to approve a Participation Agreement with Washtenaw County Parks and Recreation Commission for the purchase of a property of land owned by DF Land Development LLC located along Warren Road in Ann Arbor Township. Washtenaw County Parks will purchase the fee title to the property and will own and manage the property. The resolution also approves an appropriation of funds for 25% of the purchase price, not to exceed $385,312.00 from the Open Space and Parkland Preservation Millage Proceeds.
DF Land Development LLC applied to the Washtenaw County Parks and Recreation program and the County has been the lead agency in the negotiations with the landowner. An appraisal was completed in August 2014 and the appraised value of the fee simple title on the property was determined to be $2,055,000.00. The landowner is willing to make a 25% donation ($513,750), decreasing the purchase price to $1,541,250.00.
Budget:
FMV = $2,055,000.00
Landowner Donation = $513,750.00
Purchase Price = $1,541,250.00
Purchase Price = $1,541,250.00
City Contribution = $385,312.00
County Contribution = $1,155,938.00
The property is vacant land and contains a portion of Fleming Creek and has been identified as a priority for preservation by the Huron River Watershed Council's BioReserve project. The property would be owned and managed by the County and open to the public. Other applications have been received from nearby properties along Warren Road. The property is also in close proximity to other publicly owned land, to the south along Dixboro Road - which include Horner McLaughlin Woods (UM), Marshal...
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