Agenda Information Sheet
DEPARTMENT: Community Affairs
CM: Todd Hileman
DATE: May 23, 2017
SUBJECT
Title
Receive a report, hold a discussion and give staff direction regarding the use of the Prescott property at US 380 and Virginia Street, which is currently owned by Denton Municipal Electric.
Body
BACKGROUND
In October 2015, the City Council authorized Denton Municipal Electric (DME) to purchase approximately 10.94 acres on two tracts of land, known as the Prescott property located at US 380 and Virginia St. DME needed an easement along the west side of the property for a 138kV power line, and the City also needed a public utility easement on the northeast corner of the property. DME purchased the two tracts for $1.7 million.
In May 2016, DME was approached by a developer who submitted a proposal to purchase a portion of the Prescott property. This proposal was shared with the City Council in a Closed Session in July 2016. As part of that conversation, the City Council was given information on alternative uses for that tract of land to include land banking the property for a future infill fire station, acquisition of approximately five acres by DCTA for future public transportation services (park/ride lot and future commuter rail station) and a smaller tract to be used for a trailhead for a proposed Parks and Recreation Department facility.
On March 7, 2017, staff briefed Council on the various proposed uses for this property. The Agenda Information Sheet from that meeting has been attached for reference as (Exhibit 1). Staff was directed to further research the value of this land, data to support an infill fire station at this location, identify the timeline for trails connecting to this site by the Parks Department and provide additional data from DCTA on ridership, vision and how this parcel may fit within DCTA's strategic plan.
The Fire Department has indicated a need for approximately 2.5 acres of this property for locating an in-fill statio...
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