DEPARTMENT: Neighborhood & Housing
Services
DEPARTMENT HEAD: Ver?nica R. Soto, AICP
COUNCIL DISTRICTS IMPACTED: Council District 3
SUBJECT: Neighborhood Improvement Bond Program -
Southeast Service Center Affordable Housing Redevelopment Project
SUMMARY:
An ordinance declaring an approximate 12.39 acre tract of land commonly referred to as the
Southeast Service Center located at 7402 S. New Braunfels Ave. as Surplus Property; authorizing the sale of 9.38 acres of said tract and approving a Contract for the Sale of Land for Private Redevelopment by the City of San Antonio, doing business as the Office of Urban Redevelopment San Antonio (OUR SA), to Franklin Development Properties, Ltd. for a sales price of $485,000.00; and authorizing reimbursement of eligible expenses in accordance with the Urban Renewal Plan for affordable/Workforce Housing in an amount of up to $4,200,000.00 and other authorized expenses associated therewith. This is a Neighborhood Improvements Bond Program Project funded by the 2017 General Obligation Bond, located in Council District 3.
BACKGROUND INFORMATION:
The City currently owns the property located at 7402 S. New Braunfels Ave. within the
Southeast Neighborhood Improvement Area in Council District 3, commonly referred to as the
Southeast Service Center. This site has been identified as suitable for affordable housing development under the 2017 Neighborhood Improvements Bond Program. Under the City's Code, in order the sale city-owned property, the City must first declare the property as surplus to the needs of the City. The total property consists of 12.39 acres of land. However, only 9.38 acres will be utilized for development of multi-family housing. Therefore, while the City will declare the entire 12.39 acre parcel as surplus, as discussed below, only 9.38 acres of the property will be sold for the multi-family residential development.
The City, through OUR SA, will sell approximately 9.38 acres of vacant land to Frankli...
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