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Consider a memorandum/resolution authorizing the City Manager to execute a Special Warranty Deed conveying approximately 0.188 acres of real property out of Lot 1, Block 1 of the Airport Park Addition to Providential Holdings Management, LC. The subject property is generally located on the west side of Rosewood Drive, south of the intersection of Martin Luther King Jr. Boulevard (F.M. 2410), Killeen, Texas.
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DATE: October 1, 2024
TO: Kent Cagle, City Manager
FROM: Edwin Revell, Executive Director of Development Services
SUBJECT: Special Warranty Deed to Providential Holdings Management, LC for approximately 0.188 acres generally located on the west side of Rosewood Drive, south of the intersection of Martin Luther King Jr. Boulevard (F.M. 2410)
BACKGROUND AND FINDINGS:
The purpose of this item is to convey approximately 0.188 acre of property located on the west side of Rosewood Drive south of Martin Luther King Jr. Boulevard (F.M. 2410) to Providential Holdings Management, LC in conjunction with the development of a proposed QT convenience store and gas station.
The City of Killeen acquired the property in 1990 from Purser Construction Company via Warranty Deed (Instrument No. 1990002090). It is currently platted as part of Lot 1, Block 1 of the Airport Park Addition. Providential Holdings Management, LC is the owner of the adjoining 3.646 acre property located immediately to the west of the subject property.
QT South, LLC has submitted plans for a proposed gas station and convenience store in this location. As part of their development proposal, QT requested to purchase the subject property and thereby include it in their site development plans. QT also plans to make improvements to the intersection of Rosewood Blvd. and Martin Luther King Jr. Blvd. valued at approximately $475,000. QT South will also survey and replat the right-of-way for Rosewood Drive between Martin Luther King Jr. Boulevard (F.M. 2410) and East Central Texas Expr...
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