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Action Item May 4, 2011 PropertySale of McGlashan Springs # 11
Sale of McGlashan Springs Property 2 Public comment September 2010•Tour of property August 2006•Workshop meeting June 2006••Truckee Donner Recreation and Park District•Town of Truckee•Truckee
Tahoe Unified School District•State of California•Four public agencies notified•Declared surplus June 2001•160 acre parcel known as McGlashan Springs•Background / History
New Information Sale of McGlashan Springs Property 3 Best forest management practices•Property to be maintained by TDA•zonesProtects the cedar grove, charcoal kilns, springs and riparian
•No mobile homes or transient rental units•No single or multiple family residences•Precludes TDA from residential development•Identifies the special features•Easement Deed•Tentative
agreement has been reached including:•Active negotiations with Tahoe Donner Association (TDA)•
New Information Sale of McGlashan Springs Property 4 Easement Deed recorded concurrently•30 day escrow•Escrow costs split 50/50•$775,000.00•Sales Agreement•Not to be significantly impaired•Forested
nature•Not to be substantially disturbed•Special features•General Plan and Development Codes•All improvements must comply with Town of Truckee•residential use-Trails, sports fields,
non•Allows for recreational purposes•
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Fiscal Impact Sale of McGlashan Springs Property 6 Department Capital Reserve FundAll proceeds from the sale will be deposited in the Water •estimated at $4,000Costs associated with
this sale are the costs of escrow •
Recommendation Sale of McGlashan Springs Property 7 Agreement and the Easement DeedAuthorize the Board President to sign both the Sales •