DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Council District 8
SUBJECT:
An Interlocal Agreement with Bexar County and Developer Participation Agreement with Security Service Federal Credit Union for Regional Drainage and Water Quality Public Infrastructure Improvements
SUMMARY:
Consideration of the following items related to the development of the Security Service Federal Credit Union Headquarters, located in Council District 8:
A. An ordinance authorizing the execution of an Interlocal Agreement with Bexar County and accepting $817,000.00 from Bexar County Storm Water Quality Funds for Public Infrastructure and Water Quality Improvements for engineering and construction-related costs for the Regional Drainage and Water Quality Public Infrastructure Improvements associated with the development of the SSFCU Headquarters.
B. An ordinance authorizing the execution of a Developer Participation Agreement with Security Service Federal Credit Union (SSFCU) and authorizing $817,000.00, payable to SSFCU, for the Regional Drainage and Water Quality Public Infrastructure Improvements associated with the development of the SSFCU Headquarters.
BACKGROUND INFORMATION:
In March 2014, Security Service Federal Credit Union (SSFCU) acquired property to consolidate its San Antonio locations and construct a new headquarters facility at 14880 West IH-10 in San Antonio. As part of the construction of its new headquarters facility, SSFCU will provide public infrastructure improvements to the area, which include Regional Drainage and Water Quality Public Infrastructure Improvements. These improvements are estimated at $10.8 million. On July 21, 2015, the Bexar County Commissioner's Court approved an Interlocal Agreement with the City of San Antonio in order to commit $817,000.00 from Storm Water Quality Funds in support of this Project and will help accomplish the County...
Click here for full text