Subject:
Title
Consider Addendum to Downtown Harrisonburg Park Donation Agreement between the City of Harrisonburg and Build Our Park
Body
Presented By: Chris Brown, City Attorney
Recommendation and Review
At its meeting held on November 26, 2024, Council approved a Downtown Harrisonburg Park Donation Agreement (the Agreement) between the City and Downtown Harrisonburg Park Corporation, d/b/a/ Build Our Park (Build Our Park) under which Build Our Park would finance and otherwise participate in the construction of a new City Park to be located on City property beside City Hall. A copy of the Agreement is attached to this agenda item. Build Our Park has fulfilled its obligations set forth in Section 1(a)(i) of the Agreement and now is engaged in fundraising. Build Our Park believes that the Park may be designed, funded, and developed in a more efficient and economical manner through the Public-Private Education Facilities and Infrastructure Act (the “PPEA”) than through the Agreement. Build Our Park representatives met with the City to request the option of using the PPEA. Staff is not opposed to the use of the PPEA. City staff and Build Our Park representatives have prepared an Addendum to the Agreement for Council’s consideration.