City of San Antonio - File #: 13-623

• File #: 13-623
• Type: Misc - Settlement Agreements
• In control: City Council A Session
• On agenda: 5/1/2014
• Posting Language: An Ordinance approving amendments to the Mission Del Lago TIRZ Development Agreement, the Project and Financing Plan, and the Interlocal Agreements with Participating Taxing Entities; and a Developer Participation Agreement for the reconstruction of streets in the subdivision boundaries to be performed by the Developer, initially funded by the City with up to $1,700,000.00 in Tax Notes, but paid with projected incremental property tax revenue to carry out the terms of an agreement with the Developer Mission Del Lago, Ltd. to resolve matters in dispute; and authorizing the extension of the TIRZ by two years until September 20, 2027. [Peter Zanoni, Deputy City Manager; John Dugan, Director, Planning and Community Development]

Date	Ver.	Action By	Action	Result
5/1/2014	1	City Council A Session	adopted	Pass

DEPARTMENT: Department of Planning & Community Development


DEPARTMENT HEAD: John Dugan


COUNCIL DISTRICTS IMPACTED: Council District 3


SUBJECT:

Matters related to Mission Del Lago TIRZ #6 (TIRZ)

SUMMARY:

An Ordinance approving amendments to the Mission Del Lago TIRZ Development Agreement, the Project and Financing Plan, and the Interlocal Agreements with Participating Taxing Entities; and a Developer Participation Agreement for the reconstruction of streets in the subdivision boundaries to be performed by the Developer, initially funded by the City with up to $1,700,000.00 in Tax Notes, but paid with projected incremental property tax revenue to carry out the terms of an agreement with the Developer Mission Del Lago, Ltd. to resolve matters in dispute; and authorizing the extension of the TIRZ by two years until September 20, 2027.


BACKGROUND INFORMATION:

The City of San Antonio City Council (City) designated this 812 acre area located south of Loop 410 along US Hwy 281 in City Council District 3 as a TIRZ in 1999. In 2006, City Council approved a Development Agreement with the Developer to facilitate building 2,734 single-family homes, 510 apartments and 287,600 square feet of retail, office and commercial space. The City, Bexar County, University Health Systems, Alamo Colleges and Southside Independent School District executed Interlocal Agreements for and contribute to the TIRZ.

In 2011, City staff identified significant street failures in subdivision boundaries of the TIRZ. In addition, numerous homes in the subdivision did not meet Universal Design (UD) accessibility requirements. Because of these issues, the City held back payment of invoices to the Developer, but agreed to negotiate these matters and held two mediation sessions in February and March of 2013. During the period of mediation, Virginia Rogers, the Developer and chair of the TIRZ Board, filed a lawsuit to compel City staff to post a notice for a TIRZ Bo...