DEPARTMENT: Center City Development and Operations Department
Office of Urban Redevelopment (OUR SA)
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 5
SUBJECT:
Sale and disposition of surplus properties owned by the Office of Urban Redevelopment San Antonio (“OUR SA”)
SUMMARY:
This ordinance authorizes the sale and disposition of 5 properties currently owned by OUR SA, located in Council District 5.
BACKGROUND INFORMATION:
The subject properties are described below. All five properties are located in Council District 5. All properties were originally acquired by the Urban Renewal Agency for the City of San Antonio in 1995 and have remained vacant since that time. The current value combined for all properties per the Bexar County Appraisal District (BCAD) is $28,640.00.
Since acquisition by OUR SA, the properties have required clean up maintenance on a regular basis. They are underutilized and add no value to their adjacent neighborhoods or the City of San Antonio.
The properties have been advertised in City-wide publications and have been canvassed through the proper departments as required by the Urban Renewal Statute and the OUR SA Board of Commissioners.
ISSUE:
Bids for the properties were received by OUR SA and approved by the Board of Commissioners during the June 2017 Board meeting to sell the properties to Our Casas for the construction of affordable housing.
OUR SA is now seeking City Council approval of the sale of all properties listed below:
|
Property |
Council District |
Buyer |
Purchase Amount |
|
2406 Vera Cruz |
5 |
Our Casas |
$2,000 |
|
2206 Chihuahua |
5 |
Our Casas |
$3,500 |
|
1516, 1528, and 1530 Santiago |
5 |
Our Casas |
$5,500 |
|
TOTAL SALES PRICE |
$11,000 PLUS CLOSING COSTS |
All properties will be sold for the purpose of building an affordable home, with a deed restriction on each property to this effect.
The Planning Commission approved the disposition of these properties on March 25, 2015.
ALTERNATIVES:
The City Council may elect not to approve the sale of these properties and OUR SA will continue to maintain and market the vacant and underutilized property for affordable housing.
FISCAL IMPACT:
The net funds from the sale of all the properties will be considered CDBG program funds and will be returned to the City for future use.
RECOMMENDATION:
Staff recommends approval of the sale of OUR SA-owned surplus properties in City Council District 5 for the construction of new single family homes for $11,000 plus all closing costs.