Government
BY PARKS KUGLE
SA Council moves forward with Spurs arena The San Antonio City Council voted to move forward with negotiations with the San Antonio Spurs for the new arena during its Aug. 21 meeting. Long story short The City Council considered two conflicting res- olutions during the meeting. One was to authorize negotiations and execute a nonbinding term sheet with the San Antonio Spurs, and the other was a resolution not to consider the proposed term sheet without further due diligence. San Antonio Mayor Gina Ortiz Jones has maintained that the city is moving too fast with a once-in-a-generation project. The vote to authorize Walsh to enter into nego- tiations with the Spurs passed 7-4, with Jones, District 2 council member Leo Castillo-Anguiano, District 5 council member Teri Castillo and District 6 council member Ric Galvan voting against.
Shavano Park creates fund for digital billboard revenue As a way to ensure funds generated from the upcoming Loop 1604 Urban Sign Corri- dor are used to enhance residents’ quality of life, the Shavano Park City Council voted unanimously to create the Community Engagement and Enhancement Fund during its Aug. 25 meeting. The big picture The fund would restrict revenue gener- ated from the City’s digital billboards to events and projects that promote commu- nity engagement and enhance quality of life. All expenditures must be approved by the City Council at the start of the fiscal year, with any mid-year amendments requiring additional votes.
Term Sheet summary of Spurs obligations
Spurs contribution of $500 million plus any cost overruns
Spurs and developers to commit $1.4 billion in guaranteed taxable value increment for new mixed-use development over a 12-year period Spurs will pay initial rent of $4 million which will escalate by 2% each year thereafter Non-relocation commitment: requires Spurs to maintain its NBA franchise in San Antonio and play home games in the arena with few exceptions
SOURCE: CITY OF SAN ANTONIO/COMMUNITY IMPACT
The resolution authorizes Erik Walsh, San Antonio city manager, to complete negotiations with the Spurs and execute a nonbinding term sheet with the team.
Funds restricted to:
Shavano Park increases permit, city services fees During its Aug. 25 meeting, Shavano Park City Council voted unanimously to update the city’s administrative building permits and the emer- gency medical service fees. Zooming in scaled back their original fee increase proposals, dropping the residential fence and roof permit increases. City officials also reduced EMS fee increases to the 10% state law limitation.
City services and city-sponsored events that directly engage with the community Capital improvement projects like hiking and biking trails that facilitate community engagement
Fee adjustments include a $50 increase for elec- trical, plumbing and HVAC permits and a remod- eling fee increase from $0.87 to $1 per square foot. The City also increased its administrative credit card transaction fee from 2.5% to 4%.
Projects that promote community enhancement
Assistant City Manager Curtis Leeth presented new adjustments made following the July 28 presentation to City Council. Leeth said the city
SOURCE: CITY OF SHAVANO PARK/COMMUNITY IMPACT
Hollywood Park City Council looks to increase FY 2025-26 tax rate
The city has maintained a tax rate of $0.4617 per $100 valuation for two years. The current tax rate generated $3.6 million in revenue for the city in FY 2024-25. The proposed FY 2025-26 tax rate would net the city $3.82 million . Timmons noted the average homestead value only increased by 0.5%, which is why the revenue impact is lower than last year’s roughly $200,000 increase. Council will vote on adopting the new FY 2025-26 tax rate and budget on Sept. 16.
The Hollywood Park City Council discussed a 3.54% increase to the city’s tax rate during its Aug. 19 meeting. The gist City Treasurer Fred Timmons said the proposed maximum tax rate of $0.47805 per $100 valuation for fiscal year 2025-26 would increase annual taxes from $2,474 to $2,576, which is an increase of $101 per average household. The higher tax rate would generate an estimated $166,000 in total tax levy.
“If we were to keep the tax rate the same as 2024, our increase in tax revenues would be about $36,000.” FRED TIMMONS, HOLLYWOOD PARK CITY TREASURER
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