DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Lease Agreement with North American Development Bank at the International Center Building
SUMMARY:
An ordinance authorizing the execution of a lease with the North American Development Bank (NAD Bank) for 22,300 square feet of office space at the City-owned International Center Building, located at 203 South Saint Mary's Street, in Council District 1, for a term ending February 28, 2026.
BACKGROUND INFORMATION:
The City-owned International Center Building serves as an operational hub for government sponsored activities aimed at promoting and fostering international trade between San Antonio and other countries, most particularly Mexico. Envisioned as a means to capitalize on San Antonio's long standing support of international trade, this former library building was renovated in 1997 and since re-opening has housed government organizations and non-profit entities that focus on the exchange of cultural programs and encourage trade related investment to benefit San Antonio and the South Texas region.
On September 2, 1999, Council approved a lease with the NAD Bank for 10,462 square feet of office space in the building. Through subsequent amendment, the Bank's occupancy grew to its present footprint of 17,500 square feet and is proposed through this action to expand its occupancy by 4,800 square feet for a total of 22,300 square feet primarily on the third floor of the building.
The NAD Bank is an independent institution created by the governments of the United States and Mexico to offer direct financing in the form of loans and grants to entities for the implementation of projects that enhance the quality of life of people living along the US and Mexico border. Utilizing an operating capital fund of $3.0 billion, the NAD Bank invests in environmental infrastructure projects in the border region with a per...
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