TO:
Sheryl Sculley, City Manager
FROM:
Mike Frisbie, P.E., Director, Transportation and Capital Improvements
COPIES TO:
High Profile Contract Council Committee; Peter Zanoni, Deputy City Manager; Ben Gorzell Jr., CPA, Chief Financial Officer; Troy Elliott, Finance Director; Kevin Barthold, City Auditor
SUBJECT:
Post-Solicitation Briefing for Mission Drive-In Theater Site Development and Recreation Center
DATE:
April 8, 2014
The Transportation and Capital Improvements Department will provide a post-solicitation briefing on Public-Private Partnership (P3) Mission Drive-In Theater Site Development and Recreation Center which was presented as an Individual High Profile Contract Initiative on the Bi-Annual High Profile Report.
On November 1, 2012, the City of San Antonio (hereafter referred to as "the City") adopted Public-Private Partnership (P3) guidelines in accordance with the Texas Legislature enacting the Public and Private Facilities and Infrastructure Act of 2011 under Chapter 2267 of the Texas Government Code. This Council action allows the City to facilitate and expand the use of P3s and by adopting the P3 Guidelines, the City has an additional tool for mobilizing excess or underutilized assets and sharing/allocating risks and rewards between public and private entities. Under said guidelines, the City and a private entity (comprised of a single operator or a team) enter into a contractual agreement in order to deliver a compatible development that demonstrates the potential to generate sustainable non-tax revenue sources, and which allows the City to participate in the benefits of the development of their real estate assets.
The City through a two-step solicitation process solicited for a highly qualified, creative developer or development team to participate in a Public-Private Partnership (P3) for the redevelopment of city-owned property located at the Mission Drive-In Theater site at 3300 Roosevelt Avenue. Among other con...
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