DEPARTMENT: EastPoint and Real Estate Services
DEPARTMENT HEAD: Mike Etienne
COUNCIL DISTRICTS IMPACTED: 2
SUBJECT: Sale of City-owned Property located at 1511 E. Commerce Street
SUMMARY:
An Ordinance declaring as surplus an improved tract of real property commonly known as 1511 E. Commerce Street in Council District 2 as supported by the Inner City Tax Increment Reinvestment Zone Board and authorizing its sale to IDEA Public Schools, a Texas non-profit corporation, and authorizing any necessary amendments to the TIRZ Project Plan and Finance Plan.
BACKGROUND INFORMATION:
Under Municipal Code, all City property must be declared as surplus prior to the disposition of the property. A request to declare property as surplus is submitted to EastPoint & Real Estate Services, then the request and exhibits are sent to departments and utilities which provide services to, or construct infrastructure on the property. The departments and utilities respond if there is a need for the property or if the property can be disposed. Appraisals and surveys are completed if the property is determined to be surplus. The property is presented to City Council for final authorization to declare the property as surplus and dispose of the property in accordance with Chapter 272 of the Local Government Code.
IDEA Public Schools, a Texas non-profit corporation (Petitioner), is requesting for the City of San Antonio in coordination with the Inner City Tax Increment Reinvestment Zone Board to declare as surplus and sell an improved tract of City-owned real property known as 1511 E. Commerce Street, as shown on Exhibit "A." The property is located within the EastPoint footprint, Inner City Tax Increment Reinvestment Zone (TIRZ) Number 11 in City Council District 2. The property is described as Lots 3, 4, 5, 14, 15 and 16, Block 5, NCB 594.
The rear of the property is across the street from the IDEA Carver Academy owned by Petitioner. The pro...
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