ORDINANCE appropriating $2,483,277.50 out of Parks & Recreation Dedication Fund; approving Purchase and Sale Agreement between VITIBI INVESTMENTS, LLC, Seller, and the City of Houston, Texas, Purchaser, for acquisition of approximately 147,730 square feet of land located at 3100 Wilcrest, Houston, Harris County, Texas for use by the Houston Parks & Recreation Department - DISTRICT F - LE

SPECIFIC EXPLANATION:  The General Services Department recommends approval of a Purchase and Sale Agreement between Vitibi Investments, LLC (Seller) and the City of Houston (Purchaser), for the purchase of 147,730 square feet of land located at 3100 Wilcrest, for a purchase price of $2,474,477.50 plus additional acquisition expenses for the Houston Parks and Recreation Department (HPARD).   

HPARD proposes to partner with the Westchase District for this land acquisition and future park development project.  Council will be requested to approve an Interlocal Agreement with the Westchase District for the development, operation and maintenance of the future park, under a separate Council action. The City will purchase the land and the Westchase District will fund park design and construction as well as park operations and maintenance. The park will remain City property.

The following is a breakdown of expected costs:

CIP FISCAL NOTE: There are no operating and maintenance costs for this acquisition, because it is expected that the City will enter into an Interlocal Agreement with the Westchase District for operation and maintenance of the future park. 

            Capital Project Information

            See attached Form A for a breakdown of capital costs.

SM:HB:JLN:RB:npb  

$2,483,277.50   Parks & Recreation Dedication Fund (4035)

Jacquelyn L. Nisby

 Phone: 832-393-8023