ORDINANCE dedicating certain property generally known as Buffalo Bayou Park (The "Park") as a public park pursuant to that certain construction, operating and management agreement among  BUFFALO BAYOU PARTNERSHIP, HARRIS COUNTY FLOOD CONTROL DISTRICT, REINVESTMENT ZONE NUMBER THREE, DOWNTOWN REDEVELOPMENT AUTHORITY, and the City of Houston, subject to all prior usages for other public purposes, all previous dedications for use for other public purposes and all granted easements; accepting title to certain improvements within the park pursuant to the dedication

TAGGED BY COUNCIL MEMBERS LASTER AND STARDIG

This was Item 49 on Agenda of December 16, 2015

SUBJECT: An ordinance dedicating certain property generally known as Buffalo Bayou Park as a public park  

RECOMMENDATION: (Summary)
City Council adopt an ordinance dedicating certain property generally known as Buffalo Bayou Park as a public park pursuant to a construction, operating and management agreement among Buffalo Bayou Partnership, Harris County Flood Control District, Reinvestment Zone Number Three, Downtown Redevelopment Authority and the City
 

SPECIFIC EXPLANATION:
Buffalo Bayou Park (“Park”) is a public dedicated park of approximately 160 acres adjacent to and including Buffalo Bayou and generally between Memorial Drive and Glenwood Cemetery on the north, Sabine Street on the east, Allen Parkway on the south and Shepherd Drive on the west. In 2011, pursuant to a Construction, Operating and Management Agreement (“COMA”), Buffalo Bayou Partnership (“Partnership”) undertook a $53 million dollar project to develop and improve the park. The COMA provides that upon substantial completion of these improvements by the Partnership, the City will formally dedicate as a public park the Park property that is subject to the COMA, and title to the improvements constructed by the Partnership on that property will transfer to the City.

The Partnership achieved substantial completion of the improvements to the Park on November 15, 2015. This ordinance formally dedicates the Park property subject to the COMA as a public park and is a formal acceptance of title to the improvements constructed by the Partnership on that property.