Coversheet


	5919 MAIN STREET . NEW PORT RICHEY, FL 34652 . 727.853.1016

TO:	City of New Port Richey City Council
FROM:	Lisa L. Fierce, Development Director
DATE:	6/7/2016
RE:	Property Purchase Agreement Authorization: Extension of James E. Grey Preserve (Florida Wildlife Federation)

REQUEST:
The request is for City Council to authorize the City Manager to execute a purchase agreement for an extension of the James E. Grey Preserve.

DISCUSSION:

The seven-acre site is located on the southern terminus of Congress Street. It is an undeveloped parcel that has a small upland area and mostly wetlands. It has frontage on a canal to its north and the Pithlaschascotee River to the west and south. The site has a land use designation of Conservation Category. The City purchased the adjacent 6.93-acre site to the east in January 2015 ($175,000). The spoil island to the west was purchased by the City in June 2015 ($10,000).

The site is currently owned by the Florida Wildlife Federation which is a private, statewide, non-profit citizens' conservation education organization. The intended use of the property is for an expansion of the park system.

RECOMMENDATION:

Staff recommends that the City Council authorize the City Manager to enter into a purchase agreement of the future parkland property.

BUDGET/FISCAL IMPACT:

The cost to the City includes the $75,000 purchase price plus half of the closing costs and costs of survey and deed for a total not expected to exceed $80,000. This purchase would be financed by Penny for Pasco funds.

ATTACHMENTS:
	Description	Type
	Map of Extension of Preserve - Florida Wildlife Federation Property	Backup Material