Title
Resolution - A Resolution to Approve a Sales Contract for the Purchase of 0.0831 Acres of Land Located at 113 E. Kimball Street for $100,000
Requested Action
Consider approving the resolution
Recommendation
Approve resolution
Description/History
The City of Mansfield is acquiring property at 113 E. Kimball through a Sales Agreement with the property owners in the amount of $100,000. MPFDC approved a contribution of $18,150 to the City of Mansfield for the purchase of a portion of the property that will be utilized for the construction of the proposed Pond Branch Linear Park. The MPFDC approved the contribution to the City for this purchase at their March 24th meeting.
Justification
This property is in the historic downtown area of the City of Mansfield and borders the Pond Branch Creek corridor. Acquisition of the property is necessary for the progression of the redevelopment of Historic Downtown Mansfield. Also, a portion of it is needed to construct the Pond Branch linear trail.
Funding Source
General Fund
MPFDC ½ Cent Sales Tax
Prepared By
Shelly Lanners, Deputy City Manager
James Fish, Sr. Park Planner, Community Services
james.fish@mansfieldtexas.gov
817-804-5794