Title
Donation from DP Development for Martin Luther King, Jr Park Improvements
Action
ACTION:
Recognize, receive, and appropriate a donation of $50,000 to the Park Capital Reserve Fund (9002) improvements to Martin Luther King, Jr. Park as identified in Approved City of Charlotte Rezoning 2021-266.
Staff Contact: Bert Lynn, PRK Capital Planning Division Director
Presentation: No
BACKGROUND/JUSTIFICATION:
1) DP Development recently rezoned property in proximity of Martin Luther King, Jr. Park for a new development, Rezoning 2021-266, approved August 15, 2022, by the City of Charlotte.
2) During the rezoning process, DP Development received comments from area residents requesting improvements to amenities within nearby Martin Luther King, Jr. Park. The requested improvements to the park are noted in the approved rezoning document (attached).
3) The requested improvements have been shared with Mecklenburg County Park and Recreation. In lieu of completing the improvements, Developer has agreed to fund the improvements with a fifty-thousand dollars ($50,000) donation to the County.
4) The donated funds will be used to complete the following improvements at Martin Luther King, Jr Park: basketball court renovation with resurfacing, new basketball court equipment (posts, backboards, goals), and drainage improvements, associated tree work around perimeter of basketball court.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
Increase in additional revenues and associated expenditures of $50,000 in the Capital Reserve Fund (9002).