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File #: 15-4769   
Type: Miscellaneous Item
In control: City Council A Session
On agenda: 9/17/2015
Posting Language: An Ordinance consenting to a loan between Hemisfair Park Area Redevelopment Corporation (HPARC) and Broadway National Bank for the design and construction of temporary surface parking lots at South Alamo Street and Martinez Street; and authorizing Revenue Sharing Agreements with HPARC for these lots and parking lots on Cesar Chavez Blvd. [Lori Houston, Assistant City Manager and Acting Director, Center City Development & Operations].
Attachments: 1. Exhibit 1 - Map, 2. Exhibit 2 - Parking Rate Sheet, 3. Exhibit 3 - Loan Term Sheet, 4. Draft Ordinance (updated 9/11), 5. Ordinance 2015-09-17-0805
DEPARTMENT: Center City Development & Operations


DEPARTMENT HEAD: Lori Houston


COUNCIL DISTRICTS IMPACTED: City Council District 1


SUBJECT:

Hemisfair Parking


SUMMARY:

An ordinance allowing Hemisfair Park Area Redevelopment Corporation (HPARC) to use and privately finance construction of temporary surface parking lots at South Alamo Street and Martinez Street, and approval of Revenue Sharing Agreements for these parking lots and others located on Cesar Chavez Blvd.


BACKGROUND INFORMATION:

Hemisfair Park Area Redevelopment Corporation (HPARC) was established in 2009 to manage and oversee the redevelopment and management of Hemisfair. The Hemisfair Master Plan, approved by City Council in February 2012, contemplates the development of 18.5 acres of parkland surrounded by vibrant mixed-use structures. The public has consistently requested accessible and affordable parking at the public forums held as part of the master planning process. While the Master Plan suggests that parking should be achieved through structured garages and street side spaces, the pending opening of Yanaguana Garden requires immediate parking options.

Yanaguana Garden is set to celebrate its grand opening on October 2, 2015 and will remain open as a free public park for residents and visitors to enjoy. Construction of a structured parking garage is currently in negotiations and is estimated to be completed in 2017. In the meantime, HPARC proposes two locations to construct temporary parking lots to be operated by the City: (1) South Alamo Street, just north of Magik Theater; and (2) Martinez Street between South Alamo and S. Presa Streets as shown on Exhibit 1. Together, these lots would provide approximately 120 public parking spaces. Daytime hourly, after hour and weekend flat rates will be consistent with other City lots, as detailed in Exhibit 2. These parking locations will also honor City programs such as Downtown Tuesday.


HPARC and the Ce...

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