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Item # 11.

Work Session and Regular Meeting

Meeting Date:	07/14/2020
Department:	Development Services

AGENDA CAPTION:

Consider Action to Approve a Resolution Accepting a Donation Deed From Urban Intownhomes, Inc. for Property Located Adjacent to the Addison Grove Development.

BACKGROUND:

The layout of the Addison Grove development left a remainder piece of property to the east of the newly constructed Magnolia Street. This 1.24 acre "L" shaped property could not be used efficiently by the developer to construct townhomes, and Staff convinced them to donate this property to the Town. The purpose of this donation was to land bank the property should the properties in between Magnolia Street and Midway Road redevelop at some point in the future. While the donation was shown on the development plan and plat, the Town and developer are formalizing that donation with a donation deed. The City Council must accept the donation deed.

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution - Accepting Donation Deed
Exhibit - Subject Property Map