HomeMy WebLinkAbout028555 RES - 04/13/2010RESOLUTION
DECLARING THE CITY OF CORPUS CHRISTI'S INTEREST
IN INVESTIGATING THE FEASIBILITY OF A PUBLIC-
PRIVATE PARTNERSHIP TO DEVELOP AND RE -DEVELOP
AN AREA IN THE VICINITY OF THE AMERICAN BANK
CENTER
WHEREAS, Community leaders from the public and private sector have
recognized that land in and around the City's American Bank Center is underutilized and
does not fully support the use and operation of the American Bank Center; and
WHEREAS, A significant portion of the property in and around the City's
American Bank Center is owned by the City of Corpus Christi and the Port of Corpus
Christi; and
WHEREAS, It is desirable to create a regional employment center and mixed use
development and destination activity center in this area of the City; and
WHEREAS, The private development firms of Wallace Bajjali Development
Partners, L.P. and Innovative Leisure Partners ("The Developer") were approached by the
City and have indicated an interest in cooperatively seeking to investigate the feasibility
of a public-private partnership to develop and re -develop an area in the vicinity of the
American Bank Center; and
WHEREAS, It is desirable to take steps to formalize the business relationships
necessary to pursue the development process, beginning with the creation of an ad hoc
committee to serve as a stakeholder taskforce and appointment of members to the
taskforce.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF CORPUS CHRISTI, TEXAS, THAT:
Section 1. The City of Corpus Christi hereby declares its interest in investigating
the feasibility of a public-private partnership to develop and re -develop an area in the
vicinity of the American Bank Center.
Section 2. In furtherance of this effort the City hereby creates an ad hoc
committee to serve as a stakeholder taskforce to work with the Developer to identify the
following for the project:
• Major project goals and guiding principles
• Expectations of scope and nature of the involvement of the parties
• Limitations and requirements of stakeholders
• Outline of processes and tasks necessary for proceeding with the project
• Estimated project pre -development costs, task schedules, milestones, and
respective roles and responsibilities
INDEXED
Section 3. The taskforce shall be known as the "American Bank Center Area
Development Taskforce" ("Taskforce"). The Taskforce may suggest changes to its name
to the City Council for City Council approval. The Taskforce will be comprised of not
more than 7 members. The Mayor Pro -Tem will appoint two members of Council and
two representatives of landowners in the anticipated development area and one At Large
Member. Additionally, the City requests the Port of Corpus Christi appointment of two
Port Commissioners to Taskforce.
Section 4. The Taskforce will be responsible for making recommendation to the
City Council on actions for proceeding with the project including a formal Letter of
Intent with the Developer not later than June 30, 2010.
DULY adopted at a regular meeting of the City Council of the City on the 13th
day of April, 2010.
ATTEST:
By:
CITY OF CORPUS CHRISTI, TEXAS
By:
a lei 1(4
Armando Chapa, City Secretary Chris Adler, Mayor Pro Tem
APPROVED AS TO LEGAL FORM:
April (3 , 2010
By:
Carlos Valdez, City Attorne
Corpus Christi, Texas
The above resolution was passed by the following vote:
Joe Adame
Chris N. Adler
Brent Chesney
Larry Elizondo, Sr.
Kevin Kieschnick
Priscilla G. Leal
John E. Marez
Nelda Martinez
Mark Scott
t&o
AJT
7 I
r� 8 5