DEPARTMENT: Planning and Community Development
DEPARTMENT HEAD: John Dugan
COUNCIL DISTRICTS IMPACTED: 1, 2 & 5
SUBJECT:
Consideration of three Ordinances authorizing the execution of agreements between the City of San Antonio, the Inner City TIRZ Board of Directors and awardees of the Inner City TIRZ 2014 Request For Applications.
A. An Ordinance authorizing the execution of a Public Use Agreement with Gemini Ink in an amount up to $20,000.00 of Inner City TIRZ Tax Increment funds for support of a literacy program within the boundary of the Inner City TIRZ.
B. An Ordinance authorizing the execution of a Development Agreement with Blue Star Contemporary Art Museum in an amount up to $50,000.00 of Inner City TIRZ Tax Increment funds for support of fa?ade improvements at 116 and 132 Blue Star located within the boundary of the Inner City TIRZ.
C. An Ordinance authorizing the execution of a Chapter 380 Economic Development Agreement with Collaborative Homes LLC in an amount up to $518,000.00 to support the development of a 10 unit market rate townhome project within the boundary of the Inner City TIRZ.
SUMMARY:
City Council is being asked to consider three Ordinances authorizing the execution of agreements resulting from the Inner City TIRZ 2014 Request for Applications (RFA) and authorizing staff to make necessary amendments to the TIRZ Project and Finance Plans to include these as active projects within the Inner City TIRZ.
BACKGROUND INFORMATION:
Tax Increment Reinvestment Zone Number 11 (Inner City TIRZ) was designated by City Council on December 14, 2000, through Ordinance 93101, to support development, redevelopment, revitalization and public infrastructure improvements within the Inner City TIRZ Boundary located primarily on the City's Eastside. Throughout its fifteen year history, the TIRZ has supported both social capital and economic development projects intended to implement the goals of existing neighborhood plans and previous ...
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