The city proposed a partnership with the New Braunfels Industrial Development Corporation (4B Board) at the 4B Board’s regular meeting on Thursday night for the acquisition of property to be used for a future sports complex.
The 151.43-acre piece of land – located on the southeast corner of Klein Road and Farm-to-Market 1044 – was identified last year as a potential location for the project.
Proposition 3 of the 2013 Bond allocated $2.5 million for the purchase of land to develop a regional sports complex. But the agreed upon price for the property, which is currently owned by the Zipp family, is $3.042 million.
That’s why the city is asking the 4B Board to approve up to $650,000 to help purchase the property.
“We began negotiations with (the Zipp family) about mid-last year,” City Real Estate Manager Matthew Eckmann said. “Currently, staff is working on negotiating a contract. We expect to see a contract within the next week to two weeks.”
Eckmann pointed out that acquisition of land for a sports complex is one of the Strategic Initiative priorities for the 4B Board. The proposed agreement would entitle the 4B Board to no less than 10 acres of that property to be used for a 4B Board project.
“The reason I say no less than 10 acres is because in order to determine the most beneficial layout of the property for both the sports complex as well as the 4B, the city is going to engage the services of a licensed professional,” Eckmann said. “At that point, the 4B and the city can come back together and iron out how big of a property, at the exact location.”
If approved, and the property is purchased, the city would then begin plans to plat and annex the property, as it currently lies just outside city limits. The city would then discuss with New Braunfels Independent School District (NBISD) to determine best use for the property’s development.
The 10 or more acres that would go to the 4B Board would be within that 151 acres. In addition, the Zipp family would like to donate 25 acres as part of its legacy contribution to the Parks Foundation.
This agreement would only account for the money to buy the land, but sources of funding to actually develop it into the sports complex would need to come from somewhere else.
“The money that was allocated in Proposition 3 was only for the purchase of the property,” Eckmann said. “In order to build the sports complex, that’s going to have to be another proposition in a future bond program.”
This public hearing last Thursday was advertised on Jan. 12 in the Herald-Zeitung in accordance with the state law to allow 60 days of notice to the public.
Because of this, the 4B Board voted to table discussion and possible action on the proposed partnership until its meeting on Feb. 15 to give the public an opportunity to give more input.