City of San Antonio - File #: 15-3225

• File #: 15-3225
• Type: Miscellaneous Item
• In control: City Council A Session
• On agenda: 6/4/2015
• Posting Language: An Ordinance amending the boundaries of the Tax Increment Reinvestment Zone #30 (Westside TIRZ) and the Tax Increment Reinvestment Zone #9 (Houston Street TIRZ); authorizing amendments to the Project and Finance Plans for each TIRZ; and filling three vacant seats on the Houston Street TIRZ Board of Directors. [Peter Zanoni, Deputy City Manager; John Dugan, Director, Planning and Community Development]

Date	Ver.	Action By	Action	Result
6/4/2015	1	City Council A Session	adopted	Pass

DEPARTMENT: Planning and Community Development

DEPARTMENT HEAD: John Dugan

COUNCIL DISTRICTS IMPACTED: 1 & 5

SUBJECT:
This item will authorize amending the boundaries of the Tax Increment Reinvestment Zone #30 (Westside TIRZ) and the Tax Increment Reinvestment Zone #9 (Houston Street TIRZ); authorize amendments to the Project and Finance Plans for each TIRZ; and fill three vacant seats on the Houston Street TIRZ Board of Directors.

SUMMARY:
City Council is being asked to consider amendments to the boundaries of the Westside and Houston Street TIRZ to include authorizing staff to amend each zone's respective Project and Finance plans. These amendments are necessary to facilitate several downtown development projects which include the Public Private Partnership (P3) proposal that will result in a consolidated administrative office tower for the City, 265 housing units in the central business district, and construction of the first class A office tower downtown since 1989. The amendments will also facilitate improvements to the Alameda Theater and future development along San Pedro Creek. In addition, City Council is being asked to consider the appointment of three City staff members to the Houston Street TIRZ Board of Directors.

BACKGROUND INFORMATION:
Chapter 311 of the Texas Tax Code (the TIF Act) authorizes the governing body of a municipality or county to promote reinvestment and redevelopment in a defined geographic area by designating it as a Tax Increment Reinvestment Zone (TIRZ).

The Westside TIRZ was designated by City Council in December of 2008 and is located primarily on the western edge of the central business district between South Flores and Brazos Streets south of Martin Street. The Westside TIRZ is currently being used to support four residential development projects which include: the Steel House Lofts; the Peanut Factory Lofts; Southtown Villas; and Cevallos Urban Lofts. The City is the only participating taxing entity in ...