Title
Resolution to Approve Purchase of Park Land at 2260 Traver Road from the William F. Hosford and Margaret W. Hosford Trust, and Appropriate $180,500.00 from Open Space and Parkland Preservation Millage Proceeds (8 Votes Required)
Memorandum
This resolution approves the purchase of fee title to an 4.95-acre property at 2260 Traver Road from the William F. Hosford and Margaret W. Hosford Trust.
Staff anticipates maintaining this property as a natural area. The property includes some uplands and primarily wetlands adjacent to the City's Leslie Park Golf Course and Traver Creek Nature Area. This additional property would preserve a significant block of additional habitat and an additional 340 feet of frontage along Traver Creek.
An appraisal was completed for the property in June 2019, and the fair market value was determined to be $153,000. This resolution appropriates $180,500.00 from Open Space and Parkland Preservation Millage proceeds to cover the purchase price and other costs.
The purchase is contingent upon City's acceptance of sale terms required by the seller. The seller's terms are:
1. The property will not be used as a dog park.
2. Should the City choose to construct a parking lot on the property, it will comply with City zoning requirements for exterior lighting, which currently are: all exterior lighting devices shall be adequately shielded and screened so that no light will glare directly onto any Public Right-of-Way or property principally used for residential purposes. Lighting devices shall be arranged and kept at a level so that the amount of light projected onto property principally used for residential purposes does not exceed 0.10 of a foot candle.
3. Restriction #1 would be removed if the City subsequently acquires the house parcel and the property across the street ceases to be used for residential purposes.
The donation was reviewed and recommended by the Land Acquisition Committee of the Park Advisory Commission at its Septe...
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