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File #: 20-5972   
Type: Real Property Sale
In control: City Council A Session
On agenda: 10/29/2020
Posting Language: Ordinance approving a Contract for Sale of Land for 3 acres of the decommissioned Southeast Service Center at 7402 S. New Braunfels to Espada Real Estate Services, LLC for $1,763,962. [Lori Houston, Assistant City Manager; VerĂ³nica R. Soto, Director Neighborhood and Housing Services]
Attachments: 1. Map, 2. Draft Ordinance, 3. 7402 S. New Braunfels Ave RE Contract Espada Real Estate Oct 2020 (002), 4. Ordinance 2020-10-29-0759

DEPARTMENT: Neighborhood & Housing Services

DEPARTMENT HEAD: Ver?nica R. Soto, FAICP

COUNCIL DISTRICTS IMPACTED: Council District 3

SUBJECT: Approval of a Contract for Sale of Land for approximately three acres of the decommissioned Southeast Service Center site

SUMMARY:
An Ordinance approving a Contract for Sale of 3.115 acres of 12.39 acres of the decommissioned Southeast Service Center, 7402 S. New Braunfels, NCB 10934 Blk Lot 45, to Espada Real Estate, LLC for $1,763,962 payable to the City as program income. Espada Real Estate Services, LLC is proposing to build a Medical/Office Building at the location. A Real Estate Option and Sales Contract and Development Agreement between the City of San Antonio and Espada Real Estate Services, LLC is attached as part of Exhibit A.

BACKGROUND INFORMATION:
The City currently owns three acres of the surplus property located at 7402 S. New Braunfels, on the corner of S.E. Military and S. New Braunfels Ave, formerly the decommissioned Southeast Service Center site that contains a Solid Waste administration building, in Council District 3. In October 2019 through Ordinance #2019-10-03-0806, City Council declared the entire 12.39 acres land as surplus and approved the sale and redevelopment of approximately 9.38 acres of the land to Franklin Development Properties, Ltd. Franklin Development is constructing a 292-unit multi-family rental housing development to provide affordable and Workforce Housing as part of the 2017 Neighborhood Improvements Bond Program.
On September 11, 2019, the Planning Commission approved the disposition of the 12.39 acre decommissioned Southeast Service Center as surplus property through Resolution No. 19-6364. Neighborhood & Housing Services Department utilized broker services under the Texas Local Government Code Chapter 253 to advertise the subject site for sale. The approximate 3.115 acre was advertised for at least 30 days on a multiple-listing service. Espada Real Estate Servic...

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