Title
Ordinance - Third and Final Reading of an Ordinance Approving an Agricultural Lease with Mathis Farm, LLC; Authorizing the City Manager to Execute the Same and All Other Documents Necessary to Complete the Transaction; and Providing an Effective Date
Requested Action
Consider Approving Ordinance
Recommendation
Approve Ordinance
Description/History
In January of 2019, the City of Mansfield, Texas City Council approved the purchase of approximately 137.84 acres of undeveloped land for future park development. The City closed on the sale of the property on April 23, 2019.
Justification
The acquisition of this land will allow for future community park development in the southwest quadrant of Mansfield. However, the development of the park will be in the future, and Mathis Farm, LLC has farmed this land for the previous owners for several years. Mr. Mathis would like to continue leasing and farming the land until the City is ready to develop it into a park. By allowing Mr. Mathis to continue to the farm the land, it will help the City maintain the property without the City spending the money to man and maintain it.
Funding Source
N/A
Prepared By
Bernadette McCranie, Special Projects Manager
bernadette.mccranie@mansfieldtexas.gov
817-276-4266