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Item #88 - 7211 North IH-35 and 7309 North IH-35 (St. John properties)
Posted: Thu Jun 16, 2022 10:18 am
by Ashley Richardson (D9)
On behalf of CM Tovo, please find her amendments to Item #48 below. This will be circulated by the Agenda Office shortly and hard copies will be available downstairs. Thank you.
http://assets.austintexas.gov/austincou ... 101703.pdf
Re: Item #88 - 7211 North IH-35 and 7309 North IH-35 (St. John properties)
Posted: Thu Jun 16, 2022 10:21 am
by Ashley Richardson (D9)
Pardon my typo - Item #88*
Re: Item #88 - 7211 North IH-35 and 7309 North IH-35 (St. John properties)
Posted: Thu Jun 16, 2022 1:39 pm
by Jose Chito Vela
The changes regarding affordability levels and 2 bedroom units are fine. For the other changes in lines 90-95, I suggest this language:
"The City Council directs the City Manager during the MDA negotiations to pursue a sale of the St. John Property to a public facility corporation controlled by HACA, with the City reserving and retaining a right to repurchase the St. John Property for a nominal sum, with the amount of the nominal sum identified in the negotiated documents. The City Manager shall return to Council to provide an update on the status of negotiations with Greystar Development Central, LLC and HACA for execution no later than the end of November of 2022."
Chito