Title
Land Acquisition for Tree Canopy Preservation Program
Action
Action:
Approve the purchase of an approximately 1.68-acre parcel (parcel identification number 089-111-06) located at 5217 North Tryon Street for a purchase price of $1,200,000.
Body
Staff Resource(s):
Alyson Craig, Planning, Design & Development
Tim Porter, Planning, Design & Development
Explanation
* The city was approached by the broker representing the owners of 5217 North Tryon Street to determine interest in an acquisition for the Tree Canopy Preservation Program (TCPP).
* Staff assessed the property using the current TCPP conservation scoring model. The property scored high in comparison to previously TCPP-acquired and targeted properties with significant value related to property location, acres of contiguous tree canopy, overall ecosystem value, forest health, and overall conservation value.
* This property contains high-quality mature hardwood forest, consisting of several large white oak trees and other native, beneficial species. Protection of the site will benefit a diversity of resident and migratory wildlife, provide oxygen, and help to protect the water quality of the local watershed.
* The property, located in Council District 1, is in general proximity to numerous development projects that submitted tree save payment-in-lieu fees.
* The city will initiate and record a declaration of conservation to ensure stewardship of the tree canopy and monitoring of the property in perpetuity.
* The purchase price was negotiated based on the appraised value and the list price.
* This transaction is consistent with the City-Owned Real Estate and Facilities Policy, adopted by the City Council in June 2017.
Background
* In 2011, the City Council adopted a goal of 50 percent tree canopy coverage by the year 2050. The Tree Canopy Preservation Program supports the goal through the acquisition and protection of properties that are already forested or provide planting opportunities.
* The ...
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