What Would UP do With 7406 Turtle Creek Boulevard?
At tonight’s University Park City Council meeting, council members will select an appraiser for the vacant lot at 7406 Turtle Creek Boulevard after a 4 p.m. closed session in which they’ll discuss “the possible acquisition of real property located at 7406 Turtle Creek Blvd.”
The property is owned by Henry S. Renz and Annice B. Renz. If Google Maps is to be trusted, it shows that the Renzes own the adjoining property.
Here’s the big question: What would the city of University Park do with this triangular parcel?
By Joanna England
Jul. 20, 2010 | 12:07 pm | 25 Comments | Comments RSS
25 comments to "What Would UP do With 7406 Turtle Creek Boulevard?"
who knows what the value would be? I can’t imagine anyone would really want to raze the existing and put up a new house there. It’s just not a very good home property.
Acquiring this property would be money much better spent than some of the money Park’s Follies that have been discussed on this blog before. Please just don’t name it after another ex-Mayor.
So they would purchase the property, no longer receive any property taxes on it, and pay to upkeep the property, for what? Am I missing something here? Why spend the money at all? Oh, wait, this is University Park, where spending money for spendings sake seems to be the norm.
Residents who live close to the Booster Pump Station (including you) recently received a letter from the City regarding the status of that project & Germany Park South.
Here is that update:
Despite the recent look of inactivity at the site, there is a concerted effort underway to correct software problems for the pump controllers, the pump motors and the SCADA system. This software allows the station’s pumps to be remotely controlled by the Park Cities Municipal Utility District. During the past month, although each of the station’s four pumps has operated independently, the controllers have not allowed two or more pumps to run simultaneously. The contractor, MUD staff, representatives for the manufacturer and the design engineer are all working to resolve these issues. City staff expects to be in a position to accept the pumping station for permanent operation shortly. When that occurs, the contractor will immediately begin demolishing the old underground pump station. Once the old facility is demolished, the contractor will remove the construction fencing and do final grading.
An associated project to construct a 24” water supply line along Roland, from Mockingbird to the pumping station is expected to begin in September. Once installed, this line will provide an emergency connection to the City of Dallas, so that in the future, should something interrupt the supply of water from MUD, University Park will continue to receive water. Installation of that emergency water line should be completed early next year. The replacement of the south parking lot in Germany Park is included in this supply line project.
In the meantime, after developing plans for landscaping, permanent fencing, and playground equipment for the area surrounding the pumping station, the Park Department bid those improvements earlier this month. Staff is now reviewing the bids that were received. Park construction should begin late this fall. Park construction is slated for completion next spring.
Concerning the $2.2 million the City received from SMU in the sale of Potomac Park, as promised, all of that amount was directed to Park improvements. Most of that amount was used to complete renovations at Coffee Park and the Holmes Aquatic Center. What remains will be used for Germany Park South.
There are several parts to the July 2009 agreement with SMU.
As a part of the sale of the street and alley rights-of-way, the City required SMU to provide an in-lieu property tax payement of $2.3 million (paid out over a period of two years) specifically for the loss of future property tax revenue on the residential properties that SMU was acquiring.
A formula to minimize or eliminate any potential loss of future sales and property tax revenue for the Shopping Center is also part of the agreement.
The alley NORTH of the homes on Potomac was part of the $15.8 million sale of rights-of-way by the City to SMU. That money is held in a special reserve in the City’s General Fund.
In addition to these amounts, the City received $2.2 million for the sale of Potomac Park. As referenced above, that money was allocated to finish renovations at Coffee Park and the Holmes Aquatic Center. What remains of that figure will be used for coming improvements at Germany Park South.
And while we are on it, can anyone guess how much those grotesque obelisks marking our city limits cost? Anyone?
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