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File #: 17-3724   
Type: Real Property Sale
In control: City Council A Session
On agenda: 6/8/2017
Posting Language: An Ordinance terminating the Development Agreement with Mission Development Group and authorizing the execution of a Sales Agreement with San Antonio Housing Trust, declaring as surplus and authorizing the sale of approximately 5.8 acres of property in an amount of $1,350,000.00.
Attachments: 1. Potranco Site Map, 2. Draft Ordinance - B, 3. Draft Ordinance, 4. Ordinance 2017-06-08-0423
Related files: 17-3433, 17-3725
DEPARTMENT: Transportation & Capital Improvements


DEPARTMENT HEAD: Mike Frisbie, P.E.


COUNCIL DISTRICTS IMPACTED: Council District 6


SUBJECT:

Development of Northwest Area Recreation Center


SUMMARY:

Consideration of ordinances pertaining to the Northwest Area Recreation Center Project, a 2012 General Obligation Bond and Certificates of Obligation funded project, located in Council District 6.

A. An ordinance terminating the Development Agreement with Mission Development Group and authorizing the execution of a Sales Agreement with San Antonio Housing Trust Public Facility Corporation, declaring as surplus and authorizing the sale of approximately 5.8 acres of property in an amount of $1,350,000.00.

B. An ordinance authorizing the San Antonio Housing Trust Finance Corporation to issue Multi-Family Housing Revenue Bonds for the development of the Brookwood Apartments, an affordable independent senior living facility, in an amount not to exceed $25,000,000.00.


BACKGROUND INFORMATION:

A. In May of 2012, voters approved the 2012 General Obligation Bond Program. $3 million was designated for a project titled the Northwest Area Recreation Center in Council District 6 and $1.4 million was designated for a Library site in Council District 6. To implement the program, the City entered into a funding agreement with the YMCA to use the Bond funds to fund a portion of the renovation of a YMCA owned building located at the corner of Potranco Road and Highway 151. In this agreement, the YMCA designed and constructed a 5,000 square foot San Antonio Branch Library and 40,000 square foot YMCA recreational center that includes an indoor pool, gymnasium, exercise rooms and locker rooms. The new Mays Family YMCA and Potranco Branch Library opened in November 2016.

The second phase of the project was planned be accomplished through a Public-Private Partnership (P3) to include the construction of multi-purpose athletic fields on a portion of a 12.3 acre parcel pu...

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