Anna would take ownership of a short trail strip inside the Arden Park neighborhood and, in exchange, forgo one year of rental registration fees on the homes there, under an agreement on the City Council's consent agenda for Tuesday, Nov. 17.
The land is Lot 2X, Block D of Arden Park, about 0.35 acres (15,303 square feet) that already holds a finished trail. The owner, Arden Park Owner TX LLC, a Delaware company whose notice address in the agreement is in care of Welltower Inc. in Dallas, would deed it to the city. No cash would change hands.
What the owner gets is a one-time 100% reduction of the city's ordinary annual rental registration fee on its listed homes. The draft exhibit attached to the agreement names calendar year 2027 as the reduction year and lists 142 houses on streets including Hudson Way, Jacquelyne Drive, Ethan Circle and Oliver Drive, at $300 each, for a total of $42,600.
The agreement calls that figure an estimate and says the council-approved schedule sets the actual amount. Full fees would apply again starting Jan. 1, 2028.
Limits written into the deal
The resolution says the fee break covers only the annual registration charge. Reinspection fees, late charges, fines, utility bills, permit and impact fees stay in place, and no registration, inspection or safety requirement is waived. Unused reductions cannot be cashed out or moved to another property.
The conveyance is not a parkland dedication and does not count as a credit against park dedication or park development fees, according to the agreement. Before closing, the public works director must confirm in writing that the trail is complete and acceptable for the city to own and maintain. After closing, the city would take over mowing and upkeep of the strip.
