DEPARTMENT: Department for Culture and Creative Development
DEPARTMENT HEAD: Felix Padron
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Market Square Agreement
SUMMARY:
Consideration of an ordinance related to leases at Farmers Market in Market Square, authorizing the following action:
A. Execution of a lease amendment with Ana Corona dba Marmalade & Spice in Farmers Market to assign lease agreement to Irene Castaneda dba J. Anthony's Leather Goods
BACKGROUND INFORMATION:
The City of San Antonio owns and manages Market Square, a unique and historic public market place that plays a vital role in the life, culture and economy of San Antonio. Market Square, with a retail history dating back to the nineteenth century, provides a unique and authentic Mexican Market experience, offering retail sales, holiday celebrations, and year round entertainment. There are 56 businesses in the Farmers Market, 33 in El Mercado and 10 in Market Square Plaza, ranging from cafes to shops specializing in local, regional and Latin American products.
Ana Corona holds a lease agreement with the City of San Antonio. On June 23, 2011, City Council passed Ordinance No. 2011-06-23-0571, which authorized extensions to all Farmers Market leases until June 30, 2014. The ordinance also provided the City the option to renew all the Farmers Market leases, including the aforementioned lease, for an additional three-year period and subsequently a two-year period. The City has subsequently extended the Farmers Market agreements until June 30, 2017.
Ms. Corona has operated Marmalade & Spice, a fashion accessory, figurine, marmalade and salsa shop in Farmers Market since September 2013. Ms. Corona is requesting to assign her store to Irene Castaneda, who is proposing to sell similar items with an emphasis on leather goods. The lease agreements provide authority for the City to assign lease when businesses are sold and establish an assignment fee of $1,50...
Click here for full text