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MUNICIPAL DRAINAGE UTILITY FUNDING REPORT 2014
Open Space Projects Status FY 2014-15 
OSAB Stormwater Priority List 
Status 
1 
Avispa Canyon 
Received conservation easement for a portion of the arroyo. 
2 
Lower Coronado Canyon 
Contract signed. Closing pending. 
3 
Playa Drain 
Negotiations complete. Completing due diligence 
4 
Cement Lake 
Discussions with TXDOT willing to sell after TXDOT project completed 
5 
Hunt Arroyos 
Negotiations complete, pending parks movement of parks bond funds for trailhead 
6 
Upper Coronado Canyon 
Closing scheduled for 11/14 
7 
ASARCO Property 
Completed 8/14 
8 
Silver Springs 
To Board for approval on 11/12/14 
9 
Wildwood 
Completed 
10 
Palisades 
Completed
Actual Open Space Acquisitions 
Palisades Purchase Price 
$ 2,776,589 
Johnson Basin 
398,327 
Wildwood 2 Purchase Price 
49,060 
Spring Crest 23.49 Acres (Asarco) 
149,816 
Lower Coronado 14.6 Acres Earnest Money 
5,000 
Various Appraisals and Misc. Expenses 
25,770 
Payments to the City of El Paso for Park Pond Projects 
2,004,027 
Total Open Space Expenses 
$ 5,408,588 
Open Space Funds Balance at end of 9/30/2014 
6,292,944 
Less: Balance Owed on Park/Ponds 
(586,973) 
Available Balance for Open Space Projects 
$ 5,705,971 
OPEN SPACE FINANCIAL REPORT AS OF SEPTEMBER 30, 2014
Pending Open Space Acquisitions 
Appraisal Offer Accepted Total Cost Status 
Lower Coronado $241,000 $241,000 yes $245,000 Contract signed 
Canyon working with City on development 
Upper Coronado $315,000 $315,000 yes $318,000 Contract signed 
Canyon 
Silver Springs $750,000 $760,000 yes $765,000 PSB agenda on 11/12/14 
Hunt Arroyos $23,000/acre $15,000/acre yes $1,200,000 Coordination with Parks 
Playa Drain $2,750,000 yes $2,900,000 Due diligence 
Total Negotiated Acquisitions $5,428,000 
Total Projected Balance on 2/28/2015 $6,281,000 
l Available Balance After Acquisitions $853,000
LOWER CORONADO CANYON 
14.2 ACRES
AF MILLER 211 
TRACTS 9A1 & 9D-1-A 
3.1678 ACRES 
AF MILLER 212 
TRACT 2M12 
13.4256 ACRES 
CORONADO HIGH SCHOOL 
CLOUDVIEW PARK 
CLOUDVIEW DR 
UPPER CORONADO CANYON
SILVER SPRINGS
HUNT ARROYOS
NORTHERLY HUNT ARROYO
SOUTHERLY HUNT ARROYO
Municipal drainage funding report 2014
Municipal drainage funding report 2014

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Municipal drainage funding report 2014

  • 1. MUNICIPAL DRAINAGE UTILITY FUNDING REPORT 2014
  • 2. Open Space Projects Status FY 2014-15 OSAB Stormwater Priority List Status 1 Avispa Canyon Received conservation easement for a portion of the arroyo. 2 Lower Coronado Canyon Contract signed. Closing pending. 3 Playa Drain Negotiations complete. Completing due diligence 4 Cement Lake Discussions with TXDOT willing to sell after TXDOT project completed 5 Hunt Arroyos Negotiations complete, pending parks movement of parks bond funds for trailhead 6 Upper Coronado Canyon Closing scheduled for 11/14 7 ASARCO Property Completed 8/14 8 Silver Springs To Board for approval on 11/12/14 9 Wildwood Completed 10 Palisades Completed
  • 3. Actual Open Space Acquisitions Palisades Purchase Price $ 2,776,589 Johnson Basin 398,327 Wildwood 2 Purchase Price 49,060 Spring Crest 23.49 Acres (Asarco) 149,816 Lower Coronado 14.6 Acres Earnest Money 5,000 Various Appraisals and Misc. Expenses 25,770 Payments to the City of El Paso for Park Pond Projects 2,004,027 Total Open Space Expenses $ 5,408,588 Open Space Funds Balance at end of 9/30/2014 6,292,944 Less: Balance Owed on Park/Ponds (586,973) Available Balance for Open Space Projects $ 5,705,971 OPEN SPACE FINANCIAL REPORT AS OF SEPTEMBER 30, 2014
  • 4. Pending Open Space Acquisitions Appraisal Offer Accepted Total Cost Status Lower Coronado $241,000 $241,000 yes $245,000 Contract signed Canyon working with City on development Upper Coronado $315,000 $315,000 yes $318,000 Contract signed Canyon Silver Springs $750,000 $760,000 yes $765,000 PSB agenda on 11/12/14 Hunt Arroyos $23,000/acre $15,000/acre yes $1,200,000 Coordination with Parks Playa Drain $2,750,000 yes $2,900,000 Due diligence Total Negotiated Acquisitions $5,428,000 Total Projected Balance on 2/28/2015 $6,281,000 l Available Balance After Acquisitions $853,000
  • 5.
  • 7. AF MILLER 211 TRACTS 9A1 & 9D-1-A 3.1678 ACRES AF MILLER 212 TRACT 2M12 13.4256 ACRES CORONADO HIGH SCHOOL CLOUDVIEW PARK CLOUDVIEW DR UPPER CORONADO CANYON