Items Types:
Business and Financial Services
For Meeting of:
October 20, 2014
District: 6 From:
Contract ID: Document Number:
Exhibits: Yes On File (City Clerk) : No Draft Only: No
Grant Received by City?: No

Memorandum of Understanding with Crownpointe Commerce Park Owners Association for Shingle Creek Trail.

The Crownpointe Commerce Park Owners Association (POA) owns property at 7210 Kingspointe Parkway and 4747 West Sand Lake Road.  Sections of the City's proposed Shingle Creek Trail for bikes and pedestrians will be located on portions of the two properties (see attached Location Map). 

The POA agrees to a voluntary donation of property interests to the City, subject to the terms and conditions memorialized in the Memorandum of Understanding (MOU), Deed, and Temporary Construction Easement (TCE).  The City agrees to pay closing costs along with expenses and legal costs incurred by the POA over several years of negotiation.  Complete MOU with exhibits is on file in City Clerk's Office as it is too large to attach.

Fiscal & Efficiency Data: Fiscal Impact Statement attached.

Recommended Action:
Approval of MOU; Deed, and Temporary Construction Easement, all in substantially the form attached with exhibits; and authorization for the Mayor/Pro Tem and City Clerk to initial and execute the MOU and execute the Temporary Construction Easement; and authorization for the City's Real Estate Manager to execute all closing documents as required; all subject to review and approval by the City Attorney's Office.

Agenda Item attachment(s) on file in the City Clerks Office.

Note: All agenda items must be in the City Clerk's office by Noon Friday, six(6) business days prior to the regular Monday City Council meeting.

Contact: William Burns; Roy Payne.
Approved By:

Department Date and Time
Budget Outside Routing Approval 10/7/2014 11:58 AM
City Clerk 10/7/2014 12:02 PM

Name: Description: Type:
Location_Map.pdf Location Map Backup Material
10_02_14_MOU_SUMMARY.pdf Memorandum of Understanding Backup Material
10_02_14_Warranty_Deed.pdf Warranty Deed Backup Material
10_02_14_Temporary_Construction_Easement.pdf Temporary Construction Easement Backup Material
10_02_14_Fiscal_Impact_Statement.doc Fiscal Impact Statement Backup Material

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