city of San Antonio


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File #: 21-1346   
Type: Staff Briefing - Without Ordinance
In control: City Council B Session
On agenda: 2/3/2021
Posting Language: Briefing on proposed amendment to the City Charter to allow the City to issue bonds for permanent public improvements or any other public purpose. [Andy Segovia, City Attorney; Veronica Soto, Director, Neighborhood and Housing Services]
Attachments: 1. Staff Presentation
Related files: 21-1544
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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DEPARTMENT: City Attorney's Office


DEPARTMENT HEAD: Andy Segovia, City Attorney


COUNCIL DISTRICTS IMPACTED: Citywide


SUBJECT:

Proposed amendment to the City Charter allowing the City to issue bonds for permanent public improvements or any other public purpose.



SUMMARY:
A briefing to City Council on proposed Charter amendment language that would allow the City to issue bonds for permanent public improvements or any other public purpose, so the City may include an affordable housing component, economic development projects, and other capital projects to the next bond proposal.



BACKGROUND INFORMATION:

The City of San Antonio Charter's current bond language allows only for the construction of public works projects. The Charter Review Commission (CRC) identified the need to include bond propositions that promoted the growth of our region's affordable housing stock. Most recently, the CRC reviewed draft ballot language developed by outside bond counsel that would be presented to the voters for approval to allow the City to issue bonds for public purposes that include the provision of affordable housing and economic development.

This proposed language would align San Antonio with other Texas municipalities. Dallas's 2017 bond program included an initiative to revitalize mixed income housing units. Austin voters approved an affordable housing bond proposition in 2018 that will aid in the construction and revitalization of nearly 3,500 rented and owned units.


ISSUE:

Because the City Charter's current language only permits construction for public works, it is necessary to amend the language by bringing the proposed language to the voters so that voters can consider a broader array of bond projects.

This briefing will provide an overview of the proposed amendment to the City Charter that, if approved, would allow the City to issue bonds for permanent public improvements or any other public purpose, including affordable housing.


ALTERNATIVES:

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