DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks
COUNCIL DISTRICTS IMPACTED: 1
SUBJECT:
Funding agreements related to the Alameda Theater complex
SUMMARY:
This item will approve the following items related to the renovation of the Alameda Theater Complex:
(A) Ordinance amending the Alameda Theater capital project in the amount of $1,731,213.00 with funds in the amount of $1,400,000.00 from City of San Antonio's Tax Increment Reinvestment Zone #9 ("Houston St. TIRZ") and $331,213.00 from the Inner City Incentive Fund ("ICIF"); approving a funding agreement with Texas Public Radio and the Alameda Theater Conservancy for environmental monitoring and remediation expenses, in an amount not to exceed $900,000.00 to Texas Public Radio and in an amount not to exceed $500,000.00 to Alameda Theater Conservancy for expenses related to their joint restoration of the historic Alameda Theater complex; and approving a reimbursement agreement with Texas Public Radio in an amount not to exceed $331,213 for emergency repairs made to the Alameda Theater complex.
(B) Approving a Chapter 380 Grant Agreement with the Alameda Theater Conservancy for operating expenses in FY 2020 in the amount of $300,000.00 and in FY 2021 in the amount of $250,000.00, funded by the City of San Antonio's Tax Increment Reinvestment Zone #9 (Houston St. TIRZ).
BACKGROUND INFORMATION:
Over the past three years, the City of San Antonio ("City"), Bexar County, Texas Public Radio ("TPR") and La Familia Cortez have been working on redevelopment of the Alameda Theater Complex. This project includes the construction of the TPR headquarters within a newly constructed back stage annex of the Alameda Theater, as well as the restoration of the historic Alameda Theater into a live performing arts and multi-media center that would feature the American-Latino multicultural story.
Overseeing the theater project is the Alameda Theater Conservancy ("ATC"), a 501(c)(3) n...
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