municipal drainage funding report 2014
TRANSCRIPT
MUNICIPAL DRAINAGE UTILITY FUNDING REPORT 2014
Open Space Projects Status FY 2014-15
OSAB Stormwater Priority
List
Status
1 Avispa Canyon Received conservation easement for a portion of the arroyo.
2 Lower Coronado Canyon Contract signed. Closing pending.
3 Playa Drain Negotiations complete. Completing due diligence
4 Cement Lake Discussions with TXDOT willing to sell after TXDOT project
completed
5 Hunt Arroyos Negotiations complete, pending parks movement of parks bond
funds for trailhead
6 Upper Coronado Canyon Closing scheduled for 11/14
7 ASARCO Property Completed 8/14
8 Silver Springs To Board for approval on 11/12/14
9 Wildwood Completed
10 Palisades Completed
Actual Open Space Acquisitions
Palisades Purchase Price $ 2,776,589
Johnson Basin 398,327
Wildwood 2 Purchase Price 49,060
Spring Crest 23.49 Acres (Asarco) 149,816
Lower Coronado 14.6 Acres Earnest Money 5,000
Various Appraisals and Misc. Expenses 25,770
Payments to the City of El Paso for Park Pond Projects 2,004,027
Total Open Space Expenses $ 5,408,588
Open Space Funds Balance at end of 9/30/2014 6,292,944
Less: Balance Owed on Park/Ponds (586,973)
Available Balance for Open Space Projects $ 5,705,971
OPEN SPACE FINANCIAL REPORT AS OF SEPTEMBER 30, 2014
Pending Open Space Acquisitions
Appraisal Offer Accepted Total Cost Status
Lower Coronado $241,000 $241,000 yes $245,000 Contract signed
Canyon working with City on development
Upper Coronado $315,000 $315,000 yes $318,000 Contract signed
Canyon
Silver Springs $750,000 $760,000 yes $765,000 PSB agenda on 11/12/14
Hunt Arroyos $23,000/acre $15,000/acre yes $1,200,000 Coordination with Parks
Playa Drain $2,750,000 yes $2,900,000 Due diligence
Total Negotiated Acquisitions $5,428,000
Total Projected Balance on 2/28/2015 $6,281,000
l Available Balance After Acquisitions $853,000
LOWER CORONADO CANYON
14.2 ACRES
AF MILLER 211
TRACTS 9A1 & 9D-1-A
3.1678 ACRES
AF MILLER 212
TRACT 2M12
13.4256 ACRES
CORONADO HIGH SCHOOL
CLOUDVIEW PARK
CLOUDVIEW DR
UPPER CORONADO CANYON
SILVER SPRINGS
HUNT ARROYOS
NORTHERLY HUNT ARROYO
SOUTHERLY HUNT ARROYO
