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Approval of a Park Conveyance and Programming Agreement and Park Maintenance License Agreement Between the City of Lewisville and Castle Hills Master Association, Inc.; and Authorization for the City Manager to Execute the Agreement.
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ADMINISTRATIVE COMMENTS:
Castle Hills Master Association (CHMA) is the owner of various parks and open space in Castle Hills. As a condition of annexation of the Denton County Fresh Water Supply Districts and approval of the Amended and Restated TIRZ Reimbursement Agreement, approximately 44.8910 acres of parkland and open space is being conveyed to the City. This agreement specifies the maintenance responsibilities of the City and provides a license agreement to the CHMA allowing for maintenance of the parks to a higher level than provided by the City. The cost of such higher level maintenance is the responsibility of the CHMA.
RECOMMENDATION:
That the City Council approve the agreement as set forth in the caption above and authorize the City Manager to execute the agreement.