DEPARTMENT: Planning and Community Development
DEPARTMENT HEAD: Bridgett White
COUNCIL DISTRICTS IMPACTED: Council Districts 1, 2 and 5
SUBJECT:
Consideration of an Ordinance authorizing a Development Agreement with Live Small, LLC in an amount not to exceed $972,000.00 within the Tax Increment Reinvestment Zone #11 boundary.
SUMMARY:
Consideration of an Ordinance authorizing a Development Agreement in an amount not to exceed $972,000.00 between the City of San Antonio, the Inner City TIRZ Board of Directors and Live Small, LLC, within the Inner City Tax Increment Reinvestment Zone (TIRZ) #11 and located in Council District 2 to facilitate the construction of a five story mixed used professional building to provide support services for military personnel and a conference center accessible to the general public at the project site located on or about 508 Roper Street, San Antonio, Texas. The total development cost of the Veterans Transition and Conference Center project is approximately $11,425,000.00 which includes costs for acquisition, site work, pre-development soft costs and hard construction costs.
BACKGROUND INFORMATION:
The Department of the Army continues to be concerned with the successful transition of their servicemen and women as they transition from active service to civilian status. This concern is not specific to rank or time of service as many of them are not successful with this transition. One of the causes is that the current Transition Office on Post is only effective until the date of separation. There are a number of efforts in the community to assist these Veterans; however, there is not one clearinghouse that veterans may visit and obtain information about these services.
The proposed 20,000 sq. ft. two story Veterans Transition Center is to be located off Post. The current Army Transition Program (under a pilot program from the Secretary of the Army) will relocate to our Veterans Transition Center and include partners such...
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