Board of Directors Regular Meeting Agenda


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Meeting Date: 07/17/2014  

SUBJECT MATTER:
Receive, consider and act upon conveyance of Village of Creekside Park Section 26, ROSR A;
FISCAL IMPACT:
Annual maintenance cost for this Restricted Open Space Reserve (ROSR) is $3,304, which will be added to the Park and Pathway Maintenance Service Agreement with Bio Landscape, Inc.  Maintenance for  ROSRs without improvements is typically limited to as-needed tree removal and drainage remediation; however, this ROSR contains a large grass area that will be maintained to Tier D standards. Included in this ROSR is approximately 1,325 linear feet of pathways which is estimated to cost $45.17 per year to maintain.
BACKGROUND:
The Woodlands Land Development Company (TWLDC) has submitted for conveyance by Special Warranty Deed (Attachment A) one Restricted Open Space Reserve - Village of Creekside Park Section 26, ROSR- A - which totals 3.51 acres.  The ROSR has been inspected and a pre-conveyance report has been provided to TWLDC. No major issues were reported; however, it is recommended that dead trees be removed and pathway stops signs and stenciling be installed  as a condition of conveyance. Legal counsel has completed a review of the Special Warranty Deed and has found it to be acceptable.
RECOMMENDATION:
Accept the conveyance by Special Warranty Deed from The Woodlands Land Development Company, L.P. for Village of Creekside Park Section 26, ROSR A.
Attachments
Attachment A - Special Warranty Deed Village of Creekside Park Section 26, ROSR A


    

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