Title
Authorizing the City Manager to execute two Special Warranty Deeds accepting the conveyance of real property from Sorento Holdings 2012, LLC to the City of Pflugerville legally described as a 4.63-acre tract out of a called 10.0-acre tract conveyed to Sorento Holdings 2012 LLC recorded in Document No. 2013132325 of the Official Public Records of Travis County, Texas situated in the John C Bray Survey No. 10, Abstract 73, in the City of Pflugerville, Travis County, Texas, and a 0.27-acre tract out of a called 10.0-acre tract conveyed to Sorento Holdings 2012 LLC recorded in Document No. 2013132325 of the Official Public Records of Travis County, Texas situated in the John C Bray Survey No. 10, Abstract 73, in the City of Pflugerville, Travis County, Texas.
Summary
Sorento Holdings acquired the 10-acre Randig Tract in 2013, with City of Pflugerville participation. The long, narrow property was landlocked and adjacent to property held by the City and Sorento Holdings. As a result of this cooperative measure, Sorento Holdings is conveying two tracts totaling 4.9 acres to the City.
Status
A Fifth Amendment to the Sorento development is also on this agenda that incorporates the modified land plan resulting from the additional land acquisition.
Prior City Council Action
The City Council authorized $25,000 to assist with the acquisition of the 10 acre tract on May 28, 2013. These funds were matched by PCDC following a public hearing on May 9, 2013.
Deadline for City Council Action
There is no deadline for action.
Projected Future City Council Action
No additional action is required.
Fiscal Impact
There is no additional fiscal impact as a result of accepting this donation of land.
Staff Recommendation
Staff recommends approval.
Drafter
Trey Fletcher
Assistant City Manager