Posting Language
Title
Ratify the first amendment to an agreement with Family Eldercare, Inc. for renovating the Pecan Gardens (formerly known as Candlewood Suites) located at 10811 Pecan Park Boulevard, Austin, Texas 78750, which extended the term of the agreement to March 31, 2024, and provided for an additional extension of the term if needed, and authorized negotiation and execution of a second amendment to add an additional $2,695,112 for a total contract amount not to exceed $6,598,328.13.
De
Lead Department
Housing Department.
Fiscal Note
Funding is available in the Capital Budget of the Housing Department.
Prior Council Action:
June 16, 2022 - Council authorized negotiation and execution of a contract with Family Eldercare, Inc. to fund renovations at the Candlewood Suites located at 10811 Pecan Park Boulevard, Austin, Texas 78750, known as the Pecan Gardens, a hotel conversion project to create new permanent supportive housing in the city, for a one-year term for a total contract amount not to exceed $3,903,216.13.
August 11, 2021 - Council approved Resolution No. 20210811-013 amending Council's previous authorization to negotiate and execute all documents and instruments necessary or desirable to purchase in fee simple approximately two acres of land and a building containing approximately 47,355 square feet located at 10811 Pecan Park Boulevard, Building 2, Austin, Texas 78750, from Apple Pie Hotels, LLC, a Texas limited liability company, for a total amount not to exceed $9,550,000, including closing costs.
February 4, 2021 - Council authorized negotiation and execution of all documents and instruments necessary or desirable to purchase in fee simple approximately two acres of land and a building containing approximately 47,355 square feet out of Lot 1-A, Block B, including a non-exclusive joint use access easement over and across 0.081 of an acre of land, more or less, being a portion of Lot 10-A, Block B, both of the Amended Plat of Lot 1 and...
Click here for full text