Discussion and possible action to consider a Resolution authorizing the conveyance of a tract of Real Property, consisting of approximately 32.78 acres, locate north of Miller Road from the Live Oak E

Staff Report & Agenda Item Details

C. Discussion and possible action to consider a Resolution authorizing the conveyance of a tract of Real Property, consisting of approximately 32.78 acres, locate north of Miller Road from the Live Oak Economic Development Corporation to be used for public park purposes to the City of Live Oak – Mrs. Lowder The property described as 32.78 acres is currently known as Woodcrest Park and was a part of the 2003 Tax Increment Reinvestment Zone (“TIRZ”) on 222 acres for 711 single-family homes and a public park. The developer dedicated the 32.78 acres of land to the Live Oak Economic Development   Corporation as a “Park Contribution” to enhance the quality of life for the residents of Woodcrest and the surrounding areas. Mrs. Lowder concluded by stating all terms of the TIRZ have been met and the staff’s recommendation is to approve the conveyance of 32.78 acres of the park land to the City of Live Oak and the staff had no objections. Q&A Hearing no further discussion on the matter, EDC Board President Mary M. Dennis called for a motion. A motion was made by Citizen Director Rod Streets to approve a Resolution of the Board of Directors of the Live Oak Economic Development Corporation authorizing the conveyance of multiple tracts of real property, consisting of approximately 32.78 acres, more or less, and located north of Woodcrest Park in Live Oak, Texas to the City of Live Oak for public park purposes; and providing an effective date; seconded by Board Vice President Cynthia Audelo.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 7.1/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.