DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: John Jacks, Director
COUNCIL DISTRICTS IMPACTED: 1 & 2
SUBJECT:
An Ordinance approving the execution of a Professional Services Agreement between the City of San Antonio and TXP, Inc to utilize funding from the Midtown TIRZ for an amount not to exceed $25,000 for the Impact Study for Underground Conversion of Overhead Utilities on the Broadway Street Corridor in Council Districts 1 & 2.
SUMMARY:
This request authorizes the use of funding in an amount not to exceed $25,000 from the Midtown #31 Tax Increment Reinvestment Zone for the execution of a Professional Services Agreement between the City and a consultant to analyze the fiscal impact of converting utilities from overhead to underground for the Upper Segment Phase I of the Broadway Street Corridor.
BACKGROUND INFORMATION:
The Broadway Street Corridor project seeks to reconstruct approximately 3.1 miles of the corridor (from Houston Street to Hildebrand Avenue) into a complete street that is pedestrian, bicycle, and transit-friendly. Improvements to the corridor include new sidewalks, driveway approaches, bicycle amenities, lighting, streetscape and landscape amenities, and drainage and traffic enhancements. Voters approved funding in the amount of $42,000,000 for the project as part of the 2017-2022 Bond Program, which is being combined with $14 million in funding from TxDOT/Alamo Area MPO, $8.9 million from City Public Service (CPS), $7.3 million from San Antonio Water System (SAWS), $6,000,000 from the Midtown Tax Increment Reinvestment Zone (TIRZ), and $4 million from AT&T, for a total project cost of more than $82 million. Construction on the corridor began in summer 2020 and is slated for completion in early 2025.
The project incorporates conversion of utilities from overhead to underground for the lower segment of the corridor, from Houston Street to IH-35. However, utility conversion was not budgeted for the Upper Segme...
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