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File #: 15-2066   
Type: Real Property Lease
In control: City Council A Session
On agenda: 4/2/2015
Posting Language: An Ordinance approving a patio license agreement with MTC Real Estate, LLC for 4,116 square feet of patio space in Market Square through December 31, 2024 for a total ten year rental of $600,236.28. [Edward Belmares, Assistant City Manager; Felix Padron, Director, Culture and Creative Development]
Attachments: 1. MTC Properties Contracts Disclosure Form, 2. MTC Properties License Agreement, 3. Draft Ordinance, 4. Ordinance 2015-04-02-0224
Related files: 15-2065, 17-6395
DEPARTMENT: Department for Culture and Creative Development


DEPARTMENT HEAD: Felix Padron


COUNCIL DISTRICTS IMPACTED: 1


SUBJECT:

Market Square License Agreement


SUMMARY:

This ordinance authorizes the approval of a License Agreement with MTC Real Estate, LLC to utilize patio space adjacent to:
1. 102 S. Concho
2. 105 S. Concho
3. 107 S. Concho
4. 109 S. Concho
5. 111 S. Concho and 901 Dolorosa
6. 102 Produce Row
7. 106 Produce Row
8. 202 Produce Row
9. 206 Produce Row
The License Agreement will begin April 1, 2015 and continue through December 31, 2024.


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 currently 56 businesses in the Farmers Market, 33 in El Mercado and 13 in Market Square Plaza, ranging from cafes to shops specializing in local, regional and Latin American products.

MTC licenses 6,519 square feet of patio space for dining adjacent to Mi Tierra and La Margarita restaurants and leases 14,615 square feet of City property for the purpose of operating the Dolorosa Street Parking Lot. For the use of these spaces, MTC pays the City $142,877 per year.

In an effort to activate more Market Square patio space, MTC is introducing four new businesses in previously vacant buildings. Fruteria Cano is operating in 202 Produce Row, Viriana's Mexican Imports in 206 Produce Row and Fiesta Winery in 102 S. Concho. In the near future, MTC will begin operating Viva Villa Taqueria at the corner of 111 S. Concho and 901 Dolorosa.

MTC and the City are now proposing to create a license agreement to utilize 4,116 square feet of patio space adjacent to th...

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