Agenda - 04-10-2006 - 5g - Laserfiche WebLink

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z the Town to simplify open space stewardship of the upper Bolin Creek corridor and enhance planning, construction, operation and maintenance of future greenway trails." The Town shows a proposed segment of the planned Jones Greek Greenway on this property (an upstream segment of this greenway is also reflected in the Twin Creeks Master Plan), A resolution was adopted by the Town Board of Aldermen on August 16`h asking that these properties be transferred to the Town. It is not currently known whether this is anticipated as a purchase at market value (for the 0.2 acre property) or a gift or sale at nominal price. The County Attorney, E&RC Director and Planning Director have met to review these properties and the issues related to conveyance, Other departments were also asked about possible uses of the 0,2-acre property, The small Broad Street lot has a tax value of $9,658, and the 5,03 acres tract in Fox Meadow does not have an estimated tax value, Staff has not been able to identify a potential use b,y the County for the 0.2-acre (8700 square feet) lot on Broad Street. The property has a stream on it and an O WASA easement and is appears to be generally undevelopable. Its proximity to the Town's Baldwin Park across the street ma,y make it a logical conveyance to the Town. The 5.03-acre lot in Fox Meadow subdivision was acquired as part of the subdivision approval for park and open space purposes. Staff and the County Attorney have begun amore-detailed assessment of this property, which is continuing. A report back on this potential transfer will occur at a later date. FINANCIAL IMPACT: Conveyance of the parcels in question could involve transaction costs (surveys, closing costs, attorney fees) for both properties, The 0.2-acre property could be sold on the market, as an alternative to conveyance, which might yield a small monetary return, although its potential for use appears very limited. The 5,03-acre lot was acquired as open space and would need to be used as such by the County, The Town's letter does not indicate whether it proposes to purchase the property or asks that they be gifted or sold at nominal price to the Town, but subsequent conversation with Town officials has indicated that the interest is in anon-monetary conveyance, The 0.2-acre lot has a tax value of $9,600. RECOMMENDATION(S): The Manager recommends that the Board offer to sell the 0.2 acre parcel on Broad Street (tax map reference 7.93.F.2) to the Town, in consideration of the sum of $1, with the Town to pay all costs of transaction.. The County Attorney and staff would continue to evaluate the 5,03-acre parcel and report back at a later date,