DEPARTMENT: Center City Operations & Development Department
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Market Square Lease Amendments
SUMMARY:
Consideration of an ordinance related to leases at Farmers Market in Market Square, authorizing the following actions:
A. Execution of a lease amendment with House of Mexico Imports to assign lease agreement to Victor Dominguez dba House of Mexico Imports.
B. Execution of a lease amendment with Olmeca Imports to assign lease agreement to Paulino Velazquez dba Casa Azul.
Revenue generated from these lease amendments will total $3,000 and will be deposited in the Market Square Fund.
BACKGROUND INFORMATION:
The City of San Antonio owns and manages Market Square, a unique and historic public market place that plays a vital role in the life, culture and economy of San Antonio. Market Square, with a retail history dating back to the nineteenth century, provides a unique and authentic Mexican Market experience, offering retail sales, holiday celebrations, and year round entertainment. There are 56 businesses in the Farmers Market, 33 in El Mercado and 14 in Market Square Plaza, ranging from cafes to shops specializing in local, regional and Latin American products.
On June 23, 2011, City Council passed Ordinance No. 2011-06-23-0571, which authorized extensions to all Farmers Market and El Mercado leases until June 30, 2014. The ordinance also provided the City the option to renew all the Farmers Market and El Mercado leases for an additional three-year period until June 30, 2017 and a subsequent two-year period until June 30, 2019. The City has exercised its first and second option to extend the Farmers Market and El Mercado agreements until June 30, 2019.
The Dominguez family has operated a store in Market Square specializing in regional products and Mexican imports for over ten years. Omar Dominguez wishes to assign House of Mexico Imports to his brother, Victor Dominguez. Mich...
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