AGENDA REPORT
DATE: November 12, 2024
TO: City Commission
FROM: Bill McDaniel, City Manager
SUBJECT: Acceptance of Warranty Deed for Lakeside Station Park
EXECUTIVE SUMMARY:
Lakeside Station LLC has offered a deed for property within Lakeside Station Logistics Park at 2175 Henderson Way, east of South Park Road. The property contains a lake and is planned as a park with amenities added by the City, such as a walking trail, fishing nooks, boardwalk, picnic pavilions, tables, kayak/canoe docks, restrooms, and parking.
The parcel is approximately 51.83 acres. Another approximately 0.996-acre parcel along the southern border will be added at a later date with a separate deed from Foundry Lakeside Station III, LLC.
A Phase I Environmental Site Assessment conducted in 2023 revealed no evidence of Recognized Environmental Conditions in connection with the subject property. A Limited Phase II Environmental Site Assessment was conducted in 2023 concluding all tested parameters were below regulatory action levels.
Lakeside Station LLC is also providing $250,000 to cover a portion of the park design costs. Park design and construction plans are currently being developed with construction anticipated to occur in 2025.
RECOMMENDATION:
That the City Commission accept the warranty deed from Lakeside Station LLC.
FISCAL IMPACT:
Acceptance of the deed will remove the property from the tax rolls. Future construction costs and ongoing maintenance are yet to be determined.
Prepared by: Jack Holland, Assistant City Manager