DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: 8, 6
SUBJECT:
A Resolution to nominate Methodist Healthcare System of San Antonio, Ltd., L.L.P. (MHS) as a Texas Enterprise Project.
SUMMARY:
Staff is requesting City Council approval of a Resolution nominating MHS for designation as a Texas Enterprise Project. The Texas Enterprise Zone (TEZ) is an economic development tool that allows local communities to partner with the State of Texas to encourage job creation and capital investment in economically distressed areas. The TEZ designation will make MHS eligible to apply for State Sales and Use Tax refunds on qualified expenditures of up to $1.25 million over five years. This nomination has no fiscal impact to the City.
BACKGROUND INFORMATION:
MHS is the largest provider of health care services in South and Central Texas with 26 facilities, including eight hospitals serving over 80,000 inpatients and 350,000 outpatients annually. MHS was formed in 1995 with co-ownership between Methodist Healthcare Ministries and Hospital Corporation of America, Inc.
The qualified MHS business site for the TEZ is Methodist Hospital located at 7700 Floyd Curl Drive in City Council District 8. Methodist Hospital has deep-rooted traditions of patient-focused care, faith-based philosophies, and hiring staff that genuinely care for the well-being of others. Since opening in 1963, Methodist Hospital has become the largest hospital in San Antonio for a broad range of specialties including cardiology, cancer care, emergency medicine, neurosciences, maternity care, gynecology and orthopedics.
MHS requests a City Council Resolution nominating Methodist Hospital for designation as a TEZ in connection with a $16.7 million expansion of an (1) electrophysiology lab ("EP Lab") at its main facility located at 7700 Floyd Curl Drive; (2) and the construction of a 10.8K sq. ft. free-standing emergency room ("FSER") to be located approx...
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