Item 2 Passed 9-0

Item 2 — Thursday, May 28, 2026

Source information changed after this summary was written. The earlier summary is withheld.

Current official agenda wording

Approve a resolution authorizing the defeasance of certain outstanding 2025 General Obligation Public Improvement and Refunding Bonds in an amount not to exceed $5,000,000, including authorizing the negotiation and execution of an escrow agreement with U.S. Bank Trust Company, National Association, and related documents, in accordance with the Master Development Agreement with Greystar Development Central, LLC or its affiliates and the Housing Authority of the City of Austin or its affiliates, governing the sales, development, construction, ground lease, and lease of a mixed-use development on City-owned parcels located at 800 E. St. Johns Avenue, Austin, Texas 78752, (formerly 7309 and 7211 North IH-35), known as the St. John Properties. Funding: This item has no fiscal impact. Funding for the defeasance will be an upfront payment from a private developer partner, Greystar Development Central, LLC or its affiliates, as part of public-private partnership redevelopment of the St. John Properties. Related to Items #3 and #4.

"without objection, the consent agenda is adopted" — meeting transcript (unofficial)

What got said

Attributed statements from the meeting transcript, not official agenda values.

Zenobia Joseph raised concerns about the St. John defeasance and affordability components
Mayor pro tem Vela celebrated St. John redevelopment finally moving forward

The roll call

City of Austin headshots stay on the council page. The City's terms allow personal use of austintexas.gov images, so this roll call shows initials.

Approved on Consent 9-0

Member records (11)