DEPARTMENT: Center City Development and Operations Department
DEPARTMENT HEAD: Lori Houston
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
A Public Private Partnership (P3) for the city-owned property located at 307 Dwyer
SUMMARY:
This ordinance authorizes the following:
A. Declaring surplus the City-owned property, located at 307 Dwyer, in City Council District 1; and authorizing its conveyance to the San Antonio Housing Trust Public Facility Corporation (PFC).
B. The negotiation and execution of an Agreement with the PFC in which the City will convey the land and improvements located at 307 Dwyer to the PFC in exchange for the greater of the following: 5% of the cash flow from the project or $100,000.00 per year for the twenty (20) year term of the agreement.
C. A Chapter 380 Economic Development Grant with Landbridge Partners for a fifteen year tax rebate equal to the City's M&O ad valorem tax increment on the commercial component of the project paid by the partnership.
BACKGROUND INFORMATION:
The city-owned property located at 307 Dwyer, formerly known as the Dwyer Avenue Center for Transitional Housing, includes a three-story building of approximately 48,239 square feet. The lot, described as NCB 173, Block Lot 1-2, South IRR 39 feet of 3 & 14, is approximately 0.41 acre (or 17,933 square feet). The building was originally built around 1955 with an extensive renovation in 1992. The property is currently zoned D (Downtown District) and located within the Central Business District with easy access to Highway 281 and Interstate Highway 35, the property is also located near the Historic Civic Center, San Pedro Creek and the River Walk.
In 2010, the services provided at the Dwyer Avenue Center for Transitional Housing were relocated to Haven for Hope. Since then, the building has been vacant. Prior to its closure, City Council created the Haven for Hope Fund in order to establish an endowment for the campus operations...
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