DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
S. P. No. 2120: A resolution supporting the closure, vacation and abandonment and conveyance of Hagner Arc right-of-way located between Convent Street and Navarro Street and a portion of Convent Street right-of-way to Convent Ventures L.P. and a portion to 1 Riverwalk, LLC to facilitate the USAA Parking Garage expansion project in Council District 1. [Pete Alanis, Real Estate Administrator, Center City Development & Operations, pedro.alanis@sanantonio.gov]
SUMMARY:
This resolution will close, vacate, and abandon a total of approximately 0.368 acres of property, more specifically 0.336 acres of Hagner Arc right-of-way located between Convent Street and Navarro Street as shown in "Attachment A" and closure, vacation and abandonment of approximately 0.032 acres of Convent Street right-of-way, as shown in "Attachment B", as requested by 1 Riverwalk, LLC and consented by the adjoining property owner Convent Ventures L.P.
This resolution will also authorizing the conveying a total of approximately 0.368 acres to two adjoining property owners as follows: 0.106 acres to Convent Ventures, L.P., as described by metes and bounds in "Attachment C" and 0.262 acres to 1 Riverwalk, LLC as described by metes and bounds in "Attachment D" to facilitate the USAA Parking Garage expansion project in Council District 1.
BACKGROUND INFORMATION:
On December 14 2017, City Council approved a $4M Chapter 380 Economic Development Program Loan and a Tax Abatement Agreement with USAA capped at $2 million or ten (10) years, whichever comes first, to facilitate a $70 million investment and addition of 1,500 new full-time jobs increasing the downtown presence. The USAA project site at 700 N St. Mary's and 300 Convent requires an expansion of the parking garage at One Riverwalk Place.
This parking garage expansion is necessitating the ...
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