San Antonio Housing Trust Public Facility Corporation
Regular MeetingSan Antonio, TX · April 21, 2023
Agenda
Posted on 04/17/2023 at 9:34 AM
AGENDA
A Regular Board Meeting for:
SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION
will be held at Municipal Plaza B Room
114 W Commerce St., San Antonio, TX 78205
and virtually via ZOOM:
https://us02web.zoom.us/j/85969694621?pwd=QUZ4Kzg0NkNwOFoweW80aGxHdThSUT09
DIAL-IN NUMBER: 1-346-248-7799 MEETING ID: 859 6969 4621 PASSWORD: 731593
On Friday, April 21, 2023, beginning at 2:00 p.m.
NOTICE: A quorum of the board of directors will be physically located at 114 W Commerce St.,
San Antonio, TX 78205 at 2:00 p.m. One or more of the Directors may attend this meeting by
video conference pursuant to the requirements set forth in the Texas Open Meetings Act. An
electronic copy of the agenda packet may be accessed at the San Antonio Housing Trust website
under the CALENDAR/Board Meeting date page prior to the meeting.
NOTICE: This meeting of the Board, being held for the reasons listed below, is authorized in
accordance with the Texas Government Code, Sections 551.001 - 551.146. Verification of Notice
of Meeting and Agenda are on file in the Office of the Executive Director.
1. Call to Order and Roll Call.
2. Discussion and possible action to approve minutes of March 17, 2023.
3. Public Comment – Interested speakers will have 3 minutes each to address the Board
on agenda items or housing policy related matters.
4. Discussion and possible action to approve a Resolution authorizing an amendment
to the Red Berry Master Agreement to increase the funding from the City of San
Antonio in the amount not to exceed $250,000 to complete the Red Berry Hike and
Bike Trail connection to Salado Creek, extending time to complete project and
authorizing the Assistant Secretary to negotiate other matters in connection
therewith.
5. Executive Session: The San Antonio Housing Trust PFC will meet in Executive Session
pursuant to Texas Government Code Sections 551.072 Real Estate and 551.071
Consultation with Attorney to receive advice on pending litigation matters and
deliberate and discuss the acquisitions of parcels of property as follows:
a. Cause number 2023CI06754 in Bexar County District Court, Weibracht v.
Mission DG, Ltd.
b. Update on land acquisitions and negotiations for purpose of future
affordable, sustainable multifamily development
Reconvene into open session and possible action related to any matters as discussed in
Executive Session.
*Executive Session
The San Antonio Housing Trust Public Facility Corporation reserves the right to adjourn into
Executive Session at any time during the course of this meeting to discuss any of the matters
listed on the posted agenda, above, as authorized by the Texas Government Code, Sections
551.071 (consultation with attorney), 551.072 (deliberations about real property), 551.073
Page 1 of 10
(deliberations about gifts and donations), 551.074 (personnel matters), 551.076 (deliberations
about security devices), and 551.087 (economic development). ANY ITEM DISCUSSED IN
EXECUTIVE SESSION MAY BE ACTED ON IN OPEN SESSION
SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION
BOARD MEMBERS:
Council Member Jalen McKee-Rodriguez (District 2), Council Member Phyllis Viagran (District
3), Council Member Dr. Adriana Rocha Garcia (District 4), Council Member Teri Castillo
(District 5), Council Member John Courage (District 9), Jane Paccione, Jordan Ghawi
Attendance by Other Elected or Appointed Officials: It is possible that members City boards,
commissions and/or committees may attend the open meeting in numbers that may constitute
a quorum. Notice is hereby given that the meeting, to the extent required by law, is also noticed
as a meeting of any other boards, commissions and/or committees of the City, whose members
may be in attendance in numbers constituting a quorum. These members of other City boards,
commissions, and/or committees may not deliberate or take action on items listed on the
agenda. [Attorney General Opinion – No. GA-0957 (2012)].
This facility is wheelchair accessible and accessible parking spaces are available. Requests for
accommodations or interpretative services must be made 48 hours prior to this meeting. Please
contact Nicole Collazo, for concerns or requests, at (210) 735-2772 or FAX (210) 735-2112.
Page 2 of 10
San Antonio Housing Trust Public Facility Corporation
Agenda Item 2
This item includes the approval of minutes from the March 17, 2023, meeting.
Page 3 of 10
SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION
OFFICIAL MEETING MINUTES
DATE: March 17, 2023
TIME AND PLACE: The Public Facility Corporation met in session at 2:03 p.m., via Zoom and in
person at 114 W Commerce, San Antonio, TX 78205.
PRESENT: Councilwoman Adriana Rocha, Antoinette Brumfield, Mark Carmona, Eric
Cooper, Councilwoman Teri Castillo, Councilwoman Phyllis Viagran, Jordan Ghawi, Rachell
Hathaway, Councilman John Courage, Marinella Murillo, Jane Pacione and Councilman
Jalen McKee-Rodriguez.
ABSENT: None.
STAFF/VISITORS PRESENT:
Pedro Alanis- Executive Director San Antonio Housing Trust Foundation.; Nicole Collazo-
Director of Operations San Antonio Housing Trust Foundation; Susan Snowden- Financial Director
San Antonio Housing Trust; Tom Roth- Director of Development San Antonio Housing Trust
Foundation; Jessica Kuehne- Director of Asset Management San Antonio Housing Trust
Foundation.; John Hernandez- Senior Asset Manager San Antonio Housing Trust Foundation;
Lauren Bejaran- Sr. Administrative Assistant San Antonio Housing Trust Foundation; Ruben
Lizalde- D3; Edward Muniga- D4; Justin Renteria- D5; Derek Roberts- D9; Summer Greathouse-
Attorney Bracewell; Clarissa Rodriguez- Attorney DNRBZ; Jose Gonzales- Cornerstone Housing
Group; Jill Flynn- Cornerstone Housing Group; Robbye Meyer- Cornerstone Casey Cameron- Tirol
Housing; John Lilly- Eenhoorn Development, LLC; Allison Beaver- NHSD; Mirla Lopez- SEFLA
Languages Interpreter
1. CALL TO ORDER AND ROLL CALL: The meeting was called to order by President Adriana
Rocha Garcia and roll call was called by Lauren Bejaran.
2. DISCUSSION AND POSSIBLE ACTION TO APPROVE MINUTES OF FEBRUARY 17,
2023.
Councilwoman Phyllis Viagran, and Councilwoman Teri Castillo seconded for approval of the
February 17, 2023, minutes with the noted corrections.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
Eric Cooper joins the SAHT PFC Meeting at 2:07 p.m.
3. CITIZENS TO BE HEARD-INTERESTED SPEAKERS WILL HAVE 3 MINUTES EACH
TO ADDRESS THE BOARD ON AGENDA ITEMS OR HOUSING POLICY RELATED
MATTERS; A TOTAL OF 15 MINUTES WILL BE PROVIDED.
Page 4 of 10
NONE.
NO ACTION WAS TAKEN.
4. BRIEFING AND PRESENTATION OF THE COMBINED 5-YEAR FINANCIAL
FORECAST FOR THE SAHT ENTITIES.
Pete Alanis briefed the board about the 5-Year Financial Forecast for the SAHT Entities.
Councilman Courage asked if the 10-year corpus for the SAHT was included in the 5-Year
Financial Plan.
Pete stated the City of San Antonio owns the SAHT funds. The SAHT recommends to the city how
the money should be spent and not invested.
Rachell Hathaway asked Pete if the 5-Year Forecast covers deals that do not reach completion.
Pete stated the Forecast does include incoming cash flows and shows the cash flow amounts if the
plans do not reach completion.
Councilman Jalen McKee-Rodriguez joins the SAHT PFC Meeting at 2:15 p.m.
NO ACTION TAKEN.
5. RESOLUTION INDUCING THE LEGACY SENIOR RESIDENCES TRANSACTION;
AND AUTHORIZING ALL FILINGS AND AGREEMENTS WITH TEXAS
DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS IN CONNECTION WITH
APPLICATIONS FOR LOW INCOME HOUSING TAX CREDITS; AND AUTHORIZING
THE NEGOTIATION AND EXECUTION OF A MEMORANDUM OF
UNDERSTANDING; AND OTHER MATTERS IN CONNECTION THEREWITH.
Pete Alanis briefed the board about the Legacy Senior Residences project partnership between the
SAHT PFC and Cornerstone Housing Group.
MINUTES COMMISSION ACTION:
Councilwoman Phyllis Viagran motioned, and Councilwoman Teri Castillo seconded to approve
Item #5 for the Legacy Senior Residences.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
6. RESOLUTION INDUCING THE PAVILION AT CULEBRA APARTMENTS
TRANSACTION; AND AUTHORIZING ALL FILINGS AND AGREEMENTS WITH
TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS IN
CONNECTION WITH APPLICATIONS FOR LOW INCOME HOUSING TAX
CREDITS; AND AUTHORIZING THE NEGOTIATION AND EXECUTION OF A
MEMORANDUM OF UNDERSTANDING; AND OTHER MATTERS IN CONNECTION
THEREWITH.
Pete Alanis briefed the board on the Tirol Housing, LLC. Partnership Project, Pavilion at Culebra
Page 5 of 10
Transaction.
MINUTES COMMISSION ACTION:
Councilwoman Teri Castillo motioned, and Councilwoman Phyllis Viagran to approve Item #6 for
The Pavilion at Culebra Apartments.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
7. RESOLUTION AUTHORIZING AMENDMENTS FOR THE LIV AT WESTOVER
HILLS APARTMENTS, INCLUDING RESTRUCTURING THE DEBT FOR THE
PROJECT, AUTHORIZING ADDITIONAL DEBT, AUTHORIZING THE SALE OF THE
LIMITED PARTNER INTEREST OF MISSION DEVELOPMENT GROUP IN THE
PARTNERSHIP AND RELATED AMENDMENTS TO THE AMENDED AND
RESTATED AGREEMENT OF LIMITED PARTNERSHIP AND OTHER PROJECT
DOCUMENTS, AND OTHER MATTERS IN CONNECTION THEREWITH.
Pete Alanis briefed the board on the proposed sale of the limited partner interest of Mission
Development Group for The Liv at Westover Hills Apartments.
MINUTES COMMISSION ACTION:
Councilwoman Phyllis Viagran motioned, and Councilman John Courage to approve Item #7 for
The Liv at Westover Hills Apartments.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
8. RESOLUTION AUTHORIZING AMENDMENTS FOR THE ST. JOHN’S
APARTMENTS, INCLUDING RESTRUCTURING THE PERMANENT DEBT FOR THE
PROJECT, AUTHORIZING ADDITIONAL DEBT, AUTHORIZING A LOAN FROM
SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION TO THE
PROJECT IN AN AMOUNT NOT TO EXCEED $500,000, AUTHORIZING
AMENDMENTS TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED
PARTNERSHIP AND OTHER PROJECT DOCUMENTS, AND OTHER MATTERS IN
CONNECTION THEREWITH.
Pete Alanis briefed to the board on the proposed amendments for restructuring the permanent debt
and authorizing a loan from the SAHT PFC for the St. John’s Apartments.
MINUTES COMMISSION ACTION:
Councilwoman Phyllis Viagran motioned, and Councilwoman Teri Castillo seconded to approve
Item #8 for the St. John’s Apartments.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
Page 6 of 10
9. BRIEFING AND PRESENTATION ON LEGISLATIVE PRIORITIES FOR THE PFC
RELATED TO THE ONGOING 2023 TEXAS LEGISLATIVE SESSION.
Pete Alanis briefed the board on the PFC’s legislative priorities for the ongoing 2023 Texas
Legislative Session.
NO ACTION TAKEN.
10. EXECUTIVE SESSION: THE SAN ANTONIO HOUSING TRUST WILL BE MEETING
IN EXECUTIVE SESSION PURSUANT TO TEXAS GOVERNMENT CODE SECTIONS
551.072 REAL ESTATE AND 551.071 CONSULTATION WITH ATTORNEY TO
RECEIVE ADVICE AND DELIBERATE AND DISCUSS THE ACQUISITIONS OF
PARCELS OF PROPERTY FOR PURPOSE OF FUTURE AFFORDABLE,
SUSTAINABLE MULTIFAMILY DEVELOPMENT.
A. RECONVENE INTO OPEN SESSION AND DISCUSSION AND POSSIBLE ACTION
RELATED TO ANY ITEMS DISCUSSED IN EXECUTIVE SESSION INCLUDING A
RESOLUTION APPROVING BUDGET AMENDMENTS FOR THE SAN ANTONIO
HOUSING TRUST PUBLIC FACILITY CORPORATION FOR THE FISCAL YEAR 2023
FOR VARIOUS EXPENDITURES RELATED TO PROFESSIONAL FEES.
President Adriana Rocha Garcia convened the SAHT PFC Meeting into Executive Session at 3:37
p.m. to discuss Item Number 10.
Executive Session. The San Antonio Housing Trust reserves the right to adjourn into Executive
Session at any time during the course of this meeting to discuss any of the matters listed on the
posted agenda, above, as authorized by the Texas Government Code, Sections 551.071
(consultation with attorney), 551.072 (deliberations about real property), 551.073 (deliberations
about gifts and donations), and 551.087 (economic development). ANY ITEM DISCUSSED IN THE
EXECUTIVE SESSION MAY BE ACTED ON IN OPEN SESSION.
President Adriana Rocha Garcia reconvened the SAHT PFC Meeting into Open Session at 4:02
p.m. No action was taken place during the Executive Session.
MINUTES COMMISSION ACTION:
Councilman McKee-Rodriguez motioned, and Councilwoman Phyllis Viagran seconded to
approve a resolution approving budget amendment for the San Antonio Housing Trust Public
Facility Corporation for the Fiscal Year 2023 for various expenditures related to Professional Fees.
AYES: 6
NAYS:
ABSTAINED:
THE MOTION PASSED.
11. ADJOURNMENT
President Adriana Rocha Garcia adjourned the meeting. There being no further business, the meeting
adjourned at 4:04 p.m.
Page 7 of 10
San Antonio Housing Trust Public Facility Corporation
Agenda Item 3
Public Comment
Interested speakers will have 3 minutes each to address the Board on agenda items or housing
policy related matters; a total of 15 minutes will be provided.
To sign up for Public Comment please call 210‐735‐2772 24 hours prior to this meeting to place
your name on the list.
Los oradores interesados tendrán 3 minutos cada uno para dirigirse a la Junta sobre temas de la
agenda o asuntos relacionados con la política de vivienda; Se proporcionará un total de 15
minutos.
Para inscribirse en Comentario Público, llame al 210‐735‐2772 24 horas antes de esta reunión
para incluir su nombre en la lista.
Page 8 of 10
San Antonio Housing Trust Public Facility
AGENDA ITEM 4
POSSIBLE ACTION TO AMEND RED BERRY AGREEMENT TO INCREASE THE FUNDING FROM THE CITY
OF SAN ANTONIO IN THE AMOUNT NOT TO EXCEED $250,000 TO COMPLETE THE RED BERRY HIKE
AND BIKE TRAIL CONNECTION TO SALADO CREEK.
The SAHT PFC was the vehicle used to spur on the redevelopment of the 82-acre Red Berry site which
included a 330-unit apartment community, construction of a 160,000 sq ft headquarters for the RK
Group, and a historic renovation of the Red Berry Mansion. The project also included the installation
of the necessary public infrastructure, lake stabilization, and new Hike and Bike Pedestrian
connection to the Salado Creek trail system.
All phases of the project were completed, except for the installation of the Hike and Bike Trail. In
August 2021, the PFC requested and received $1.2M in additional TIRZ funding which was at the
time, derived using market costs on labor and materials.
As conditions changed and bids placed throughout the year, costs substantially increased. Bridge
Brothers, the pedestrian bridge manufacturer had commenced fabrication however material
procurements were affected by force majeure issues from market disruptions caused by COVID.
During that time, an RFP for concrete companies went out to install the abutments for the bridge.
Additional Geotech borings required an alternative pier installation method due to hold back water
penetration into the pier footings. Ken Concrete, who was retained to complete the work will not
mobilize until funds have been released.
Fiscal Impact
The SAHT PFC anticipates needing an added $243,400 in funding and an additional 60 days to
complete once funding is secure to complete the bridge installation. An itemized list of the revised
budget, additional scope, and timeline was provided to the city. City staff have identified a
source of ICIF funds and are committed to covering the cost.
Recommendation
Staff recommends approving resolution to amend the Red Berry Agreement to increase the
funding from the City of San Antonio in the amount not to exceed $250,000 to complete the
Red Berry Hike and Bike Trail conneciton to Salado Creek.
Attachments
Resolution
Amended Agreement
Page 9 of 10
SAN ANTONIO HOUSING TRUST PUBLIC FACILITY CORPORATION
RESOLUTION NO. _______________
A RESOLUTION BY THE BOARD OF DIRECTORS AUTHORIZING THE
AMENDMENT OF THE RED BERRY MASTER DEVELOPMENT
AGREEMENT DATED AUGUST 6, 2018 BY INCREASING THE
AMOUNT OF CONTRIBUTION FROM THE CITY OF SAN ANTONIO IN
AN AMOUNT NOT TO EXCEED $250,000.00 AND BY EXTENDING THE
TIME TO COMPLETE THE PROJECT BY SIXTY DAYS;
AUTHORIZING THE SAN ANTONIO HOUSING TRUST PUBLIC
FACILITY CORPORATION TO ADVANCE THE AMOUNT OF CITY
CONTRIBUTION INCREASE TO THE PROJECT IN THE INTERESTS
OF ECONOMIC AND EFFICIENT PROJECT COMPLETION, WITH
REPAYMENT OF SAID AMOUNT TO BE MADE TO THE
CORPORATION BY THE CITY; AUTHORIZING THE ASSISTANT
SECRETARY TO NEGOTIATE AND EXECUTE THE AMENDMENT TO
SAID AGREEMENT WITH THE PROVISIONS AS PROVIDED HEREIN;
AND ADDRESSING RELATED MATTERS.
RECITALS
WHEREAS, on August 6, 2018, the San Antonio Housing Trust Public Facility Corporation
(sometimes “PFC”) entered into a Master Development Agreement (“Agreement”) with the City
of San Antonio (sometimes “CITY”) (and with acknowledgement by the San Antonio Inner City
TIRZ Board #11) for the development of approximately 82 acres of real property, known as the
“Red Berry” site; the development of which included the historic renovation of the Red Berry
Mansion, the development of a 330-unit apartment community, other infrastructure and
improvements, and the installation of a new “Hike and Bike” trail and connection to the Salado
Creek trail system (the “Project”); and
WHEREAS, all phases of the Project have been completed, except for the installation of the Hike
and Bike trail; and
WHEREAS, the PFC finds that an additional CITY contribution in an amount not to exceed
$250,000.00 is necessary for the Project completion (the “Additional City Contribution”); and
WHEREAS, given endemic market and cost increases for construction and fabrication materials
which are needed to complete the Project, the PFC is willing to advance the Additional City
Contribution amount as provided herein in order to hold current pricing and mitigate any market
cost increases for materials, and to finalize the Project as expeditiously as possible; and
WHEREAS, the PFC understands that the CITY has located a funding source (Inner City
Incentive Funds) from which it can reimburse the advance by the PFC of the Additional City
Contribution; and
WHEREAS, in consideration of the aforementioned findings and understandings, the Board of
Directors hereby finds that it is in the best interests of the community to amend the Agreement as
provided herein in order to finish the Project in the most cost-effective and timely manner possible;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
SAN ANTONIO HOUSING TRUST FOUNDATION, INC., THAT:
Section 1. The above Recitals are true and correct, and are a material part of this Resolution
and are incorporated herein for all purposes;
Section 2. The Board of Directors of the San Antonio Housing Trust Foundation, Inc. hereby
authorizes the Assistant Secretary and staff to negotiate, finalize, and execute an amendment to
the Agreement (attached herein as Exhibit A) by (1) providing for the Additional City
Contribution in an amount not to exceed $250,000.00; (2) provide for the advance of the
Additional City Contribution amount for Project completion by the PFC, so long as the CITY
repays said amount to the PFC no later than sixty days from the date of this Resolution; and (3)
allow an additional sixty days from the date of this Resolution in order to complete the Project.
Section 3. All resolutions, or parts thereof, which are in conflict or inconsistent with any
provision of this Resolution are hereby repealed to the extent of such conflict, and the provisions
of this Resolution shall be and remain controlling as to the matters resolved herein.
Section 4. This Resolution shall be construed and enforced in accordance with the laws of the
State of Texas and the United States of America.
Section 5. If any provision of this Resolution or the application thereof to any person or
circumstance shall be held to be invalid, the remainder of this Resolution and the application of
such provision to other persons and circumstances shall nevertheless be valid, and the Board of
Directors hereby declares that this Resolution would have been enacted without such invalid
provision.
Section 6. It is officially found, determined, and declared that the meeting at which this
Resolution is adopted was open to the public and public notice of the time, place, and subject
matter of the public business to be considered at such meeting, including this Resolution, was
given, all as required by Chapter 551, Texas Government Code, as amended.
Section 7. This Resolution shall be in force and effect from and after its final passage, and it
is so resolved.
PASSED AND APPROVED this day of , 2023.
SIGNED:
Councilwoman Adriana Rocha Garica
President
ATTEST:
Jordan Ghawi, Secretary
EXHIBIT “A”
(SEE ATTACHED AMENDED
AGREEMENT)
RED BERRY ESTATE
FIRST AMENDMENT TO
MASTER DEVELOPMENT AGREEMENT
April __, 2023
Page 1 of 3
FIRST AMENDMENT TO
RED BERRY ESTATE MASTER DEVELOPMENT AGREEMENT
This First Amendment to Red Berry Estate Master Development Agreement (hereinafter referred to as this
“First Amendment”) is made and entered into by and between the City of San Antonio (the “CITY”), a
municipal corporation of the State of Texas, acting by and through its City Manager or her designee, and the
San Antonio Housing Trust Public Facility Corporation, a Texas public facility corporation, (hereinafter
referred to as “DEVELOPER”) and who together may be referred to herein as the “Parties.”
RECITALS
WHEREAS, the CITY entered into a Red Berry Master Development Agreement on or about____ whereby
the DEVELOPER facilitated the redevelopment of Property, including the Mansion in partnership with the
RK Group, the NRP Group, and Casey Development (the “Agreement”); and
WHEREAS, the CITY provided DEVELOPER with an Inner City Incentive Fund Grant in the amount of
FIVE HUNDRED FORTY THOUSAND FIVE HUNDRED SEVENTY NINE DOLLARS AND NO CENTS
($540,579.00) (the “Incentive Funds”) whose purpose was to provide an economic incentive to the
Improvements on the Property by supporting public infrastructure costs, including design and delivery; and
WHEREAS, due to the rising costs of material and COVID-related supply disruption, the DEVELOPER has
requested from the CITY additional funds in the amount of TWO HUNDRED FORTY-THREE THOUSAND
FOUR HUNDRED DOLLARS AND NO CENTS ($243,400); and
WHEREAS, the CITY has identified additional available funds in the form of Inner-City Incentive Funds to
support the continuation of the Project in accordance with the existing terms and conditions of the Agreement;
and
WHEREAS, the CITY Council has authorized the City Manager or her designee to enter into this
Amendment in accordance with City Ordinance 2017-10-12-0791, passed and approved on October 12, 2017;
and
NOW, THEREFORE, in consideration of the premises, covenants, agreements, and obligations contained
herein, the Parties hereto agree to amend the Agreement as follows:
A. AMENDMENT
DEVELOPER shall undertake the Project which is anticipated to promote local economic development and to
stimulate business and commercial activity in the CITY and the TIRZ. The CITY and TIRZ are supporting
the Project to provide funds to be used to defer costs associated with the Project and to facilitate certain
improvements to the Property.
1. Inner City Incentive Grant. The CITY is providing DEVELOPER with an additional Inner
City Incentive Fund Grant in the amount of TWO HUNDRED FORTY-THREE THOUSAND FOUR
HUNDRED DOLLARS AND NO CENTS ($243,400) in order to provide necessary economic
support for the added costs of completing the bridge installation on the Property by supporting public
infrastructure costs, including design and delivery. The Incentive Funds made available to
DEVELOPER through this Agreement are made solely from lawfully available funds that have been
42579694.2
appropriated by CITY.
A. Other Terms. All other terms, conditions and provisions of the Agreement are hereby ratified and
confirmed and shall remain in full force and effect as of the date thereof, except as expressly modified hereby.
B. Counterparts. This Amendment may be executed by facsimile, pdf or electronic transmission in two or
more counterparts, each of which shall be deemed to be an original, but all of which taken together shall
constitute but one and the same instrument.
C. Binding Effect. This Amendment shall be binding upon and inure to the benefit of City and Developer
and their respective successors and assigns.
WITNESS OUR HANDS, EFFECTIVE as of ______________ ____, 2023 (the “Effective Date”):
CITY: SAN ANTONIO HOUSING TRUST
PUBLIC FACILITY
CORPORATION:
_______________________________ _________________________________
Lori Houston Pedro Alanis
Assistant City Manager Executive Director
APPROVED AS TO FORM:
________________________________
City Attorney
Page 3 of 3