city of San Antonio


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File #: 21-3213   
Type: Miscellaneous Item
In control: City Council A Session
On agenda: 5/6/2021
Posting Language: Ordinance approving a Chapter 380 Economic Development Grant Agreement between the Mission Drive-In TIRZ Board of Directors, Bitterblue, Inc., and the City of San Antonio for eligible public improvements for an amount not to exceed $4,341,569 for the Roosevelt Heights Project located west of Roosevelt Ave. along the frontage of Interstate Highway Loop 410 within Council District 3. [Lori Houston, Assistant City Manager; VerĂ³nica R. Soto, FAICP, Director, Neighborhood and Housing Services]
Attachments: 1. Agreement, 2. Site Map, 3. Draft Ordinance, 4. Ordinance 2021-05-06-0306
DEPARTMENT: Neighborhood and Housing Services Department


DEPARTMENT HEAD: Ver?nica R. Soto, FAICP, Director


COUNCIL DISTRICTS IMPACTED: 3


SUBJECT:

An Ordinance approving the execution of a Chapter 380 Economic Development Grant Agreement between the Mission Drive-In TIRZ Board of Directors, Bitterblue, Inc., and the City of San Antonio for eligible public improvements for an amount not to exceed $4,341,569 for the Roosevelt Heights Project located west of Roosevelt Ave. along the frontage of Interstate Highway Loop 410 within Council District 3.

SUMMARY:

The Roosevelt Heights Project is a 23.724-acre single-family residential development, generally located west of Roosevelt Avenue along the frontage of Interstate Highway Loop 410. The Project will consist of a subdivision with 135 lots developed at an average size of 5,714 square feet with homes to be sold in the price range of the low $200s to the mid $200s. Fifty-four (40%) of the housing units will be available to households making up to 120% of the area median income. The Project also includes a park, passive recreation area centralized within the community, and necessary public improvements. Construction is expected to begin in 2020 with completion projected by mid-late 2026. The Project is being developed with a multiple-party project team including Bitterblue, Developer; Jack Walker, Property Owner; and Pape-Dawson, Engineers. With major employers in the area such as Harlandale Independent School District, SA Missions National Park Headquarters, and Qualified Manufacturing Co., this single-family affordable housing development will be a welcome addition.

The developer, Bitterblue, Inc., is requesting TIRZ funding for public infrastructure for an amount not to exceed $4,341,569 to be reimbursed over 15-years. The reimbursement will be structured as a tax rebate using a Chapter 380 Economic Development Agreement. The tax rebate for the first five years will be reimbursed at 90% by the Mission ...

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