GEORGETOWN, Texas—A wealthy Central Texas lawyer and rancher has donated his more than 500-acre spread and his 6,000-square-foot home to Georgetown for a public park.

The Austin American-Statesman ( http://bit.ly/1dzstDU) reports Jack Garey is also giving $5 million to the city, which formally gets the property when the 83-year-old entrepreneur dies. Garey's wife, Cammy grew up in Georgetown. She died last year.

The couple announced their plan in 2004 and began the process of donating the land, with the final portion given in December. The 528-acre ranch borders the South San Gabriel River and includes two hills, two man-made lakes, several springs and the Tuscan-style villa.

Mayor George Garver says the people of Georgetown are indebted to Garey, whose total donation to the city is worth nearly $23 million.

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Information from: Austin American-Statesman, http://www.statesman.com