Timnath approves consent agenda, including transfer of three TDA properties to town

The Timnath Town Council approved its consent agenda Tuesday, including Resolution No. 40 transferring three former Timnath Development Authority properties to the town. The resolution accepts the parcels by quitclaim deed as the authority moves toward winding down, with the town taking ongoing ownership and maintenance of land staff said is no longer needed for TDA infrastructure work.

Mayor Robert Axmacher described the council item as "essentially a duplication of the item that TDA already addressed" earlier in the evening. In the preceding authority meeting, board members approved the same property transfer after staff said the three parcels were the remaining properties still held by the TDA and that the move would help facilitate the authority's planned wind-down in 2029.

Staff said the properties have already been maintained by the town rather than the authority. The parcels are a 1.53-acre vacant lot at 4850 Signal Tree Drive, a quarter-acre property with a house at 4201 Main Street, and a small parcel of about 0.01 acre at the southeast corner of Harmony and Weitzel.

The staff report by Lisa Gagliardi said the parcels "are no longer needed by the TDA for purposes of constructing infrastructure" and would continue to be maintained by the town. The report said the deed transfers would have no financial impact on either the TDA or the town.

Under the resolution, the town accepted assignment of the properties through quitclaim deeds in substantially the form presented to council, with technical or other non-substantive changes allowed in consultation with legal counsel and staff. Resolution 40 states the TDA has completed its initially anticipated public improvements and will repay those improvements in less than four years.