DEPARTMENT: Transportation and Capital Improvements
DEPARTMENT HEAD: Razi Hosseini, P.E., R.P.L.S, Interim Director
COUNCIL DISTRICTS IMPACTED: 3
SUBJECT:
Disposition: Release of a clause from the deed for a parcel located at 2903 South New Braunfels Avenue
SUMMARY:
A resolution supporting the release of a clause known as a Right of Re-Entry from the deed for a vacant parcel located at 2903 South New Braunfels Avenue (former location of Fire Station No. 20), in Council District 3, previously sold and conveyed to Scott Caroselli.
BACKGROUND INFORMATION:
In 2012, Scott Caroselli, a local developer, had petitioned the City of San Antonio to purchase the vacant parcel located at 2903 South New Braunfels Avenue (former location of Fire Station No. 20). Upon vetting the property through the canvassing process and determining as surplus, the property was advertised to the public on the City's website as well as in the local newspaper. Mr. Caroselli was the sole bidder. On October 11, 2012, City Council approved the sale through Ordinance No. 2012-10-11-0803. At that time, a clause was inserted into the deed, which stipulated that the conveyance of the land was contingent on the property being developed within two years of the sale, which would have been in October 2014. To date, the development commitment has been unfulfilled.
Mr. Caroselli is now interested in selling the land to an interested buyer; however, he cannot do so with the existing clause in place. Therefore, he has requested that the City release the Re-Entry clause.
ISSUE:
This resolution supports the release of a clause known as a Right of Re-Entry from the deed for a vacant parcel located at 2903 South New Braunfels Avenue (former location of Fire Station No. 20), in Council District 3, previously sold and conveyed to Scott Caroselli.
In 2012, Scott Caroselli, a local developer, had petitioned the City of San Antonio to purchase the vacant parcel located at 2903 South New Br...
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