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File #: 19-4239   
Type: Miscellaneous Item
In control: City Council A Session
On agenda: 6/13/2019
Posting Language: Ordinance approving a Contract for the Sale of Land for Private Redevelopment by the Urban Renewal Agency of the City of San Antonio, doing business as the Office of Urban Redevelopment San Antonio (OUR SA), to Terramark Interests, LLC for a sales price of $20,000.00 and authorizing reimbursement of eligible expenses in accordance with the Urban Renewal Plan for affordable/Workforce Housing in an amount of up to $250,000.00, and other authorized expenses associated therewith; a Neighborhood Improvements Bond Program Project funded by the 2017 2022 General Obligation Bond, located in Council District 5. The property is located in the 700 Block of South Frio. [Lori Houston, Assistant City Manager; Veronica R. Soto, Director, Neighborhood & Housing Services]
Attachments: 1. Signed Contract for Sale of Land for Private Development, 2. Bexar CAD - Property Details, 3. Conceptual Design - S. Frio Street, 4. Exhibit A Map - S. Frio Street, 5. Draft Ordinance (as of 6/6/19), 6. Ordinance 2019-06-13-0522
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DEPARTMENT: Neighborhood & Housing Services


DEPARTMENT HEAD: Ver?nica R. Soto, AICP


COUNCIL DISTRICTS IMPACTED: Council District 5


SUBJECT: Neighborhood Improvement Bond Program - S. Frio Street



SUMMARY:
An ordinance approving the development of S. Frio Street (between San Fernando St. & El Paso St.), an approximately 0.36 acre tract of vacant land, owned by the Urban Renewal Agency of the City of San Antonio, doing business as the Office of Urban Redevelopment City of San Antonio, Texas (the "City"), acting by and through the San Antonio ("OUR SA"), pursuant to the San Antonio Urban Renewal Plan (the "Urban Renewal Plan") and approving a Contract for the Sale of Land for Private Redevelopment to Terramark Interests, LLC for $20,000.00 payable to OUR SA and authorizing a reimbursement from the City, acting by and through OUR SA, applicable towards eligible expenses per the Urban Renewal Plan, in an amount of up to $250,000.00 with staff having discretion to make additional reimbursements up to $50,000.00. The foregoing represents a Neighborhood Improvement Bond Program Project funded by the 2017-2022 General Obligation Bond, located in Council District 5.

BACKGROUND INFORMATION:
The 2017-2022 Neighborhood Improvements Bond program provides for the issuance of general obligation bonds to finance the cost of permitted activities as set forth in the Urban Renewal Plan. The $20 million program is one component of the $850 million Bond package approved by voters on May 6, 2017. The Neighborhood Improvements Bond program allows the City to conduct the following activities using Bond funds:
* Land acquisition
* Repair and rehabilitation of buildings and other improvements
* Demolition of dilapidated/unusable structures
* Right-of-way improvements
* Extension/expansion of utilities
* Site work
* Remediation of hazards such as asbestos or lead-based paint
* Disposition of property in the affected area
* Associated fees for the aforementioned services

Chapte...

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