DEPARTMENT: Center City Development and Operations Department
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Amendment to La Villita Restaurant Lease Agreement
SUMMARY:
This ordinance authorizes an amendment to the La Villita Restaurant Lease Agreement between the City of San Antonio and Tanya Gomez Clark d/b/a La Villita Caf? to renew the term through July 31, 2020.
BACKGROUND INFORMATION:
Ordinance 2015-06-18-0557 approved a three-year La Villita Restaurant Lease with Tanya Gomez Clark d/b/a La Villita Caf? (La Villita Caf?) to operate a restaurant from Building 9 comprised of 1,713 square feet within the La Villita Historic Arts Village. The agreement, which will expire on July 31, 2018, provides for two, two-year renewals with City Council approval.
On March 1, 2018, La Villita Caf? notified the City of its intent to exercise the first of its two renewal options. Approval of this Ordinance will authorize the amendment of La Villita Caf?'s agreement to renew the term through July 31, 2020.
ISSUE:
Approval of this ordinance is consistent with the City's practice of leasing City-owned property in support of downtown retail activity.
ALTERNATIVES:
The City may elect not to approve this amendment, which would result in La Villita Caf? becoming a month-to-month tenant or vacating.
FISCAL IMPACT:
Under this amendment La Villita Caf?, in Year 1 of the renewal period, will pay $0.81 per square foot per month in Base Rent and $0.12 and $0.26 per square foot per month for CAM and Utilities respectively. Rates for Year 2 of the renewal period will increase 2% for Base Rent and 2.5% for CAM and Utilities. The total amounts to be received by La Villita Caf?, under this amendment, are summarized by fiscal year below.
Fiscal Year
Total Rent
2018
$4,076.94
2019
$23,824.40
2020
$20,140.31
All funds received will be deposited into the General Fund.
RECOMMENDATION:
Staff recommends approval of the Amendment to the La...
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