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    7. 13.    
Regular City Council Meeting
Meeting Date: 02/11/2020  

Information
Agenda Item
Resolution - Business Development: Consider a resolution accepting a Warranty Deed for certain real property granted to the City of Lubbock, by Betenbough Homes, LLC. 
Item Summary
The Valencia PID is generally bounded by portions of 85th Street on the north, 88th Place on the south, Iola Avenue on the east, and Milwaukee Avenue on the west. The creation Resolution 2011-R0310, approved on July 14, 2011, established the area as a PID under Chapter 372 of the Texas Local Government Code for the purpose of maintaining Parks and greens together with any ancillary structures, features or amenities such as playgrounds, athletic facilities, pavilions, community facilities, irrigation, walkways, lighting, benches, trash receptacles and any similar items located therein along with all necessary grading, drainage, and similar infrastructure involved in the construction of such parks and greens; landscaping, hardscape and irrigation; including costs of establishing, administering and operating the District. 

This item transfers ownership of the park and one landscaped median to the PID. In order for the PID to maintain the park and median, it has to be public property, and this item will fulfill that requirement. Maintenance of the park and median is included in the Valencia PID Service and Assessment Plan, and upon acceptance, the Valencia PID will maintain the properties. Staff will work with the Valencia PID Advisory Board to create maintenance specifications and issue a contract through the City's bid process. 

The Valencia PID Board voted to accept the park and median from Betenbough Homes, LLC, in their regular board meeting on January 24, 2020. 
Fiscal Impact
The cost to maintain the properties is included in the FY 2019-20 Valencia PID Adopted Operating Budget as dictated by the FY 2019-20 Service and Assessment Plan. 
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Valencia Public Improvement District Advisory Board

Attachments
Resolution
Special Warranty Deed
Valencia Resolution
PID Map
Valencia Final Plat

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