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City Eyes to Purchase College Park Woods Swimming Club Property

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At this week’s meeting, the City Council will discuss whether the City should make an offer to purchase property owned by the College Park Swim Club Inc. for community use by city residents.   The College Park Woods community was built with a pool and pool house for homeowners in the subdivision; membership required payment of an annual membership fee that was used to maintain the pool. 

Over time membership to the pool fell off and in 2005 the City provided a $95,000 grant to CPWSC to assist it in paying existing debt and expenses.  In return, the CPWSC meeting room was made available as community meeting space.  The current Board members of CPWSC have not been able to stay current with operating expenses,

The current Board members of CPWSC have not been able to stay current with operating expenses, capitol costs, and property taxes and have listed the  property for sale at $300,000.  The property is 3.66 acres and is zoned R80.  R80 allows development of single family homes with average lot size of 9500 sq. ft. and average of 3.4 home sites per ace (maximum of 4.5 per acre).  The CPWSC Board passed a resolution stating September 20, 2017, is the final deadline for offers and that they will only consider formal offers in the form of a contract of sale.

Prior to the property being placed on the market the City had been discussing the purchase of the pool property with CPSWC.  The City as part of its due diligence had requested verification that the current Board has clear title to the property and of the CPSWC’s outstanding debt. CPSWC was unwilling to provide the City with the requested information.   If the City purchases the property,

If the City purchases the property, staff is recommending that the pool be filled in City because the City would need to highly subsidize costs to maintain and operate a pool.  Staff estimate for purchase and renovation of the site is $500,000 to $750,000 and includes: purchase price, ADA compliance improvements ($125,000) demolition and decommission of the pool ($335,000), parking lot improvements  ($70,000) and establishment of a community garden ($20,000).    Space in  the pool house would be available for use in the same manner as Davis Hall and the Parrish House.

 

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