SUBJECT:
Title
An Ordinance of the Town Council of the Town of Erie Approving the Purchase of Real Property from Muniba Chughtai and Approving the Associated Purchase and Sale Agreement
Department
DEPARTMENT: Parks & Recreation
Presenter
PRESENTER(S): Luke Bolinger, Director of Parks & Recreation
end
Time
TIME ESTIMATE: 0 minutes
Fiscal
FISCAL SUMMARY:
Cost as Recommended: $473,500
Balance Available: $0
Fund Trails & Natural Areas Fund
Line Item Number: 210-50-110-604500-000000
New Appropriation Required: Yes
Policy
POLICY ISSUES:
* Whether to appropriate funding totaling $473,500 from the Trails & Natural Areas Fund (TNAF) balance. Approval of this appropriation will allow this agreement to move forward and will be captured in the First Supplemental Budget Appropriation in 2026.
* $467,500 is the purchase price and $6,000 is to cover costs associated with the subdivision process.
Recommendation
STAFF RECOMMENDATION:
Approve the ordinance authorizing the purchase, authorize the Acting Town Manager to execute the Purchase and Sale Agreement, and authorize staff to expend funds to acquire the property.
Body
SUMMARY/KEY POINTS
* This item is before Council to consider approval of a Purchase and Sale Agreement for approximately 0.62 acres of the property currently leased to the Town of Erie as a park.
* Coal Miner Park is a Parks & Recreation park maintained through a lease with the current property owner.
* Upon Council approval, staff will initiate a 45-day due diligence period, in which staff will provide technical assistance for an administrative subdivision, funded through TNAF.
BACKGROUND OF SUBJECT MATTER:
First established between the Town of Erie and the Lions Club in 2003, a lease agreement for Coal Miner Park, located at 480 Cheesman Street, outlined the responsibilities between the Lions Club and the Town, giving the Town the responsibility to maintain a portion of the property as a public park. Followi...
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