DEPARTMENT: Center City Development and Operations Department
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Hemisfair Property Conveyance
SUMMARY:
An ordinance authorizing the conveyance by the City of San Antonio of real property consisting of a total of 0.052 acres of property located adjacent to Hemisfair Park and Hemisfair Parkland in Council District 1 and authorizing an amendment to the Master Lease Agreement and Master Agreement to reflect as such.
BACKGROUND INFORMATION:
Hemisfair Park Area Redevelopment Corporation (HPARC) was established on August 13, 2009 to manage and oversee the planning, development, construction, managing, and financed projects within Hemisfair. On February 9, 2012, City Council approved the Hemisfair Master Plan to restore connectivity and revitalize the area into a vibrant, urban district with multiple uses.
On December 5, 2013, City Council passed and approved a dedication of 18.47 acres of public parkland within Hemisfair consisting of six tracts of land known as Hemisfair Parkland. A Master Agreement between the City and HPARC was executed to manage the redevelopment in accordance with the Hemisfair Master Plan.
In addition, on December 18, 2013, the City conveyed 14.15 acres of land through seven tracts of land situated within Hemisfair to the Hemisfair Park Public Facility Corporation (PFC) to develop a series of public-private partnerships with real estate developers in accordance with the Hemisfair Master Plan. A Master Lease Agreement between the Hemisfair PFC and HPARC was executed to further the redevelopment of the PFC Tracts in accordance with the Hemisfair Master Plan.
The existing PFC Tracts and Parkland Tracts are depicted in Attachment I.
ISSUE:
On January 28, 2016, the Hemisfair Park PFC approved a Development Sublease Agreement between AREA Real Estate, LLC and HPARC to construct a 163 mixed income residential unit apartment with a...
Click here for full text