DATE: May 1, 2017
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Mark Hilty, ACA Public Works
Vernon Gerth, ACA Community & Economic Development
Lisa Clayton, Parks Director
SUBJECT:
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*Consideration of Contract 2016-0098, Proposed Terms For Parkland Acquisition Between The City Of Franklin And Crescent Lockwood, LLC. (05/09/17 WS, Deferred from 5/23/17)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the acquisition of approximately 76.99 acres for a future park tract to be operated and maintained by the City of Franklin as a public park.
Background
In 2015, the City of Franklin partnered with Crescent Lockwood, LLC (the developer of the Lockwood Glen neighborhood) and Edge Planning, Landscape Architects & Urban Design on COF Contract 2015-0373 to develop a conceptual master plan for a future public City park on the property that comprises Robinson Lake in the Goose Creek area. At this location, the Harpeth River serves as the southern boundary for this property and the northern boundary for the approximately 188 acres owned by the City for potential development of a water reclamation facility and regional park, as discussed in the 2015 Comprehensive Parks Master Plan.
The property is currently owned by Crescent Lockwood, Inc. who is developing the planned unit development (PUD) known as Lockwood Glenn Subdivision across Carothers Parkway South from the 76.99 acres. The conceptual layout (attached) which includes input from the developer, presents the concepts developed for the future use of the property.
Among the provisions in the agreement, the City and Developer acknowledge that the Conceptual Park Plan is not a final approved document and that a park development plan will be required for development of the Future Park Tract. Some additional elements of the proposed contract include the following:
* A deed rest...
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