DEPARTMENT: Center City Development and Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: Council District 2
SUBJECT:
Sale of the Reus-Sterling Properties located at 1434 East Commerce Street and 323 Idaho in Council District 2
SUMMARY:
An ordinance declaring two improved city owned real properties located at 1434 East Commerce Street and 323 Idaho in Council District 2 as surplus and authorizing their sale to Yasaman Azima Living Trust for a combined total of $120,000.00; authorizing the Sales Agreement; and waiving associated City and SAWS Impact fees.
BACKGROUND INFORMATION:
The City owned Reus-Sterling Property consists of contiguous commercial buildings and a residential building located at 1434 East Commerce Street, as well as a vacant lot at 323 Idaho. The 0.5122 acre property is located on the corner of Hackberry and East Commerce within the Inner City Reinvestment Infill Policy Area (ICRIP) and Inner City TIRZ #11.
The property was initially acquired in March 2013 through the use of $150,000 in TIRZ funding for the purpose of redevelopment of the site through issuance of a Request for Proposals. In November 2013, the City identified a developer who proposed a demolition and reconstruction of the property. As part of the developers due diligence, a demolition application was submitted to the City's Historic Design and Review Committee (HDRC). The HDRC issued recommendation of a Finding of Historic Significance recommending the property not be demolished. The project did not move forward and City Council did not vote on the historic significance of the property.
After a briefing with the Neighborhood and Livability Committee, the City re-issued a second Request for Proposals on February 19, 2016. The City received one responsive RFP.
On June 16, 2016, City Council denied the resolution of historic designation thus allowing demolition of the property.
ISSUE:
Yasaman Azima Living Trust proposed to construct ...
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