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File #: 17-1555   
Type: Real Property Lease
In control: City Council A Session
On agenda: 2/23/2017
Posting Language: An Ordinance approving the Market Square lease assignment of Forever Yours to Joyce Duran dba Besitos & Joy [Lori Houston, Assistant City Manager; John Jacks, Interim Director, Center City Development and Operations Department]
Indexes: Market Square Leases
Attachments: 1. Lease Agreement- Forever Yours (Besitos & Joy), 2. Contracts Disclosure Form - Besitos & Joy (Forever Yours), 3. Texas Ethic Form - Besitos & Joy (Forever Yours), 4. Forever Yours City Council February 23 2017, 5. Draft Ordinance, 6. Ordinance 2017-02-23-0107
Related files: 17-6275, 18-2264
DEPARTMENT: Center City Operations & Development Department


DEPARTMENT HEAD: John Jacks


COUNCIL DISTRICTS IMPACTED: 1


SUBJECT:

Market Square Amendment


SUMMARY:

Consideration of an ordinance related to leases in Market Square, authorizing the following action:

A. Execution of a lease amendment with Forever Yours to assign lease agreement to Joyce Duran dba Besitos & Joy.


BACKGROUND INFORMATION:

The City of San Antonio owns and manages Market Square, a unique and historic public market place that plays a vital role in the life, culture and economy of San Antonio. Market Square, with a retail history dating back to the nineteenth century, provides a unique and authentic Mexican Market experience, offering retail sales, holiday celebrations, and year round entertainment. There are 56 businesses in the Farmers Market, 33 in El Mercado and 14 in Market Square Plaza, ranging from cafes to shops specializing in local, regional and Latin American products.

On June 23, 2011, City Council passed Ordinance No. 2011-06-23-0571, which authorized extensions to all Farmers Market and El Mercado leases until June 30, 2014. The ordinance also provided the City the option to renew all the Farmers Market and El Mercado leases for an additional three-year period until June 30, 2017 and a subsequent two-year period until June 30, 2019. The City has exercised its first option to extend the Farmers Market and El Mercado agreements until June 30, 2017.

Violeta Duran dba Forever Yours has operated a Mexican imports store in El Mercado for over twenty-five years. Joyce Duran has sold merchandise in El Mercado for over twenty years. The Municipal Code provides authority for the City to assign leases when businesses are sold and establish an assignment fee of $1,500.00.

This proposed ordinance will authorize an amendment to the lease agreement with Forever Yours, effectively assigning the lease agreement.


ISSUE:

Approval of this ordinance is consistent with Ci...

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