From
Kathleen Mercer
Title
Ordinance amending the FY 2014/2015 Capital Improvements Projects Budget and the Capital Lending and Reserve Fund; and ratify the purchase of 5.478 Acres of property at 2100 W. Warrior Trail in the total amount of $366,426.92
Presenter
Tom Cox, Deputy City Manager
Recommended Action
Approve
Analysis
On July 17, 2015, the City closed on the purchase of 5.478 acres of property located at 2100 W. Warrior Trail. The property is bounded by W. Warrior Trail to the south and Waterwood Drive to the east. It is bounded by Prairie Paws Animal Shelter on the west and Central Park is on the north. This purchase was finalized by City staff on an expedited basis with a timing deadline having been reached for a go or no go decision to be made with potential earnest money forfeiture a consideration.
The site has previously been discussed with Council and received a positive response. At this time City staff is requesting Council ratification of the purchase of this property to enhance the Central Park area for the enjoyment of all citizens and maintain common park areas for long standing presence in the city of Grand Prairie.
Financial Consideration
Funding for the purchase of 5.4039 Acres of property at 2100 W. Warrior Trail in the total amount of $366,427 is available by approving an ordinance transferring and appropriating from the unobligated fund balance in the Capital Lending and Reserve Fund (402690) to the EPIC Capital Projects Fund (320893), WO #01512001-03 (The EPIC Center).
Body
AN ORDINANCE OF THE CITY OF GRAND PRAIRIE, TEXAS, AMENDING THE FY 2014/2015 CAPITAL IMPROVEMENT PROJECTS BUDGET AND THE CAPITAL LENDING AND RESERVE FUND BY TRANSFERRING AND APPROPRIATING $366,427 FROM THE UNOBLIGATED FUND BALANCE IN THE CAPITAL LENDING RESERVE FUND (402690) TO THE EPIC CAPITAL PROJECTS FUND (320893), WO #01512001-03 (THE EPIC CENTER)
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS:
SECTION 1. THAT the FY 2014/2015 Capital Improvement Projects Budget and the Capital Lending and Reserve Fund be amended by transferring and appropriating $366,427 from the unobligated fund
balance in the Capital Lending and Reserve Fund (402690) to the EPIC Capital Projects Fund (320893), WO #01512001-03 (The EPIC Center).
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAND PRAIRIE, TEXAS, ON THIS THE 4TH DAY OF AUGUST, 2015.