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BOMA looks at land aquistion list


Gary Palmer, then interim Town administrator, presented Farragut’s Board of Mayor and Aldermen with a prioritized list of land acquisition possibilities at the Board’s meeting Thursday, Jan. 14.

“This is so we can do a little bit of fiscal planning … and to give an idea the direction the Town is going in,” Palmer said.

The list was prioritized by Town staff in order of importance, Palmer said, with land the Town could afford to buy immediately at the top.

“We’re not discussing properties that are large tracts of land [with owners] we haven’t talked to. These are only people we have had conversations with,” Palmer said.


First on the list was property off Kingston Pike across from Everett Road, currently for sale by owner.

“It’s a small tract of land … you might know this as the property with the log cabin on it,” Palmer said.

“It’s in a key location that I know the Town has been talking about for a long time. This would be a key connection for our pedestrian circulation and for bicycles,” Palmer said.

The Town would use an existing underpass on the property to connect the north and south sides of Town, providing an easy route for crossing Kingston Pike.

“The [Kingston Pike] bridge is optimal for an underpass,” Community Development Direc-tor Ruth Hawk said.

The underpass would need to be improved, Hawk said.

The second property fronts Concord Road across from Waterford Subdivision and was formerly used by First Utility District.

The land features a dam built with marble from the Old Concord Quarry, now under water.

“It was a mill. It’s a beautiful, beautiful dam,” Hawk said.

The land would be used as passive recreation and as a trail connection, Palmer said, but because of a large floodplain, the land is not conducive to heavy development.

Hawk said there was the possibility of constructing condominiums or apartments nearest to Concord Road.

“Everybody would back up to the water, which would be an absolutely amazing backyard,” she said.

Neither of the properties’ costs were divulged, but Palmer said the Town could afford both those properties now. Currently, Farragut has about $500,000 in its land acquisition fund.

The third property is the Dimmick property, which fronts McFee Road and sits between McFee Park and the Town-owned Seal property.

“No doubt this is a key piece of property for the Town, but right now because of the fiscal situation … it’s just not feasible,” Palmer said.

The Dimmicks have listed their property with Multiple Listing Service at $675,000.

Previously, the Town has discussed using the Dimmick property as an expansion of McFee Park, largely as a passive recreation and trails area.

 

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