1 City Council Frank C.Cooksey Mayor John Treviño, Jr. Mayor Pro Tem Council Members Mark Rose Smoot Carl-Mitchell Sally Shipman George Humphrey Charles E. Urdy Jorge Carrasco City Manager Elden Aldridge City Clerk OF M FOUNDED 1834 Austin City Council MINUTES For - SPECIAL CALLED MEETING JULY 30, 1985 - 4:00 Ρ.Μ. THIRD FLOOR CONFERENCE ROOM - MUNICIPAL BUILDING Council Chambers, 307 West Second Street, Austin, Texas Memorandum To: Mayor Cooksey called to order the Special Called Meeting of the Council, scheduled for 4:00 p.m., noting the absence of Mayor Pro Tem Trevino. PUBLIC HEARING - EL MERCADO Mayor Cooksey opened the public hearing concerning "El Mercado" project application for UDAG funding. City Manager Carrasco passed out a report for Council's information. He said the application is not yet complete and more information is needed. Frank Rodriguez, representing investors of the project, reviewed the UDAG program. He said their request is for a $1,000,000.00 UDAG grant and would create 120 jobs. The project is an open space area with a Mexican-American heritage and would be located at Comal Street and East 6th and the project would be 50,000 square feet. The total cost of the project would be $5.5 million. He outlined the cost to the City and how it would be repaid. He said they think the project meets the City's goals and objectives concerning revitalization. It will add jobs and property taxes to the City. Mr. Rodriquez said the City's task at this time is to review the project and send it on to HUD. There is no obligation at this time for the City to provide a 20% match. In 30 to 40 days it would be time for the City to decide whether to proceed with an allocation of $200,000 for the project. i ت Council Memo 2 7/30/85 Mayor Cooksey asked if this project has been subjected to market studies. He was told it had been. Half of the space would be for office and the other half for retail and restaurants. Councilmember Humphrey asked about the parking and Mr. Rodriguez said they are negotiating with several property owners in the area to get land for parking. Mr. Rodriguez said they have also done a study of the feasibility of the zoning for the project but have not yet gone through the process for a zoning change. Mary Margaret Navarre, Hispanic Chamber of Commerce, said they support the project. Rosa Valdez from the Governor's office said there can be some help from them on the project. Enrique Lopez expressed support for the project. Ms. Valadez said shecannot support this project at present. She represents Cisco's and other Mexican-American merchants in the They feel El Mercado would cause traffic problems. area. Motion The Council, on Councilmember Carl-Mitchell's motion, Councilmember Humphrey's second, closed the public hearing. (6-0 Vote, Mayor Pro Tem Trevino absent.) NUEVA VIDA PROJECT The Council, on Councilmember Rose's motion, Councilmember Carl-Mitchell's second, adopted a resolution authorizing the City Attorney to bring suit against East Austin Chicano Economic Development Corporation (EACEDC) and any other entities over the Nueva Vida Project. (6-0 Vote, Mayor Pro Tem Trevino absent.) ADJOURNMENT Council adjourned its meeting at 4:53 p.m.