DEPARTMENT: Parks and Recreation
DEPARTMENT HEAD: Xavier D. Urrutia
COUNCIL DISTRICTS IMPACTED: District 2
SUBJECT:
Execution of an Amendment to the License and Lease Agreement with the San Antonio Botanical Garden Society, Inc., related to Phase II of the Master Plan for the San Antonio Botanical Garden.
SUMMARY:
This ordinance authorizes execution of an Amendment to the License and Lease Agreement with the San Antonio Botanical Garden Society, Inc., for purposes of securing New Market Tax Credits financing for Phase II of the Master Plan for the San Antonio Botanical Garden, located in City Council District 2, and approving related documents.
BACKGROUND INFORMATION:
Chartered in 1980, the San Antonio Botanical Garden Society, Inc. (SABGS) is a non-profit organization specifically established in support of the San Antonio Botanical Garden (the Garden) located adjacent to Mahncke Park. The City and SABGS have operated the Garden since 1981 and have detailed plans to transition the operation and management of the Garden to SABGS through a License and Lease Agreement. Through a public/private partnership with the City, the SABGS has completed major capital improvements at the Garden to include the Lucile Halsell Conservatory, the Sullivan Carriage House, the Auld House, revitalization of the Texas Native Trail, and acquired neighboring properties. SABGS successfully completed fundraising for Phase I of the Master Plan which will open in the Fall of 2017 featuring new spaces such as a welcome building, discovery center with classrooms and an interpretive center, culinary garden, Family Adventure Garden, gift shop, display garden, gathering spaces and parking.
SABGS is requesting an Amendment to their License and Lease Agreement to facilitate New Market Tax Credits financing associated with completion of Phase II of their Master Plan. The projected cost for Phase II is $16.5M which underscores the Garden's commitment to education, horticulture, com...
Click here for full text