HomeMy WebLinkAboutM2024-080 - 05/21/2024City of Corpus Christi
May 21, 2024
Motion: M2O24-080
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
File Number: 24-0050
Enactment Number: M2O24-080
Motion authorizing a Development Participation Agreement with Ashlar Interests, LLC,
located in the Tax Increment Reinvestment Zone No. 2 in an amount not to exceed
$1,500,000 for public infrastructure improvements to the Effluent Waterline from the
Whitecap Wastewater Treatment Plant.
At a meeting of the City Council on 5/21/2024, this Motion was passed.
Aye: 8 Mayor Guajardo, Council Member Barrera, Council Member Hernandez,
Council Member Hunter, Council Member Pusley, Council Member
Suckley, Council Member Klein, and Council Member Campos
Absent: 1 Council Member Roy
Abstained: 0
re -
Attest:
Paulette Guajardo, Mayor
Rebecca Huerta, ity Secretary
City of Corpus Christi Page I
Printed on 5/22/24
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year s portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
n ot been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: May 21, 2024 Legistar Number: 24-0050
Agenda Item:
This motion will authorize a reimbursement agreement with the Whitecap Preserve developer in the
amount up to $1,500,000 for public improvements. The City has requested that the Developer construct
improvements to the existing Effluent Waterline from the Whitecap Wastewater Treatment Plant and will
e nter into a participation agreement for the requested public improvements with the Developer The term
of this agreement is to terminate upon the earlier of either the completion and reimbursement of the
e ligible projects to the developer or twenty -four -months.
Amount Required: $1,500,000.00
Fund
Name
Accounting
Unit
Account
No.
Activity
No.
Amount
TIF2
Capital
3278-89-17
550910
24132
1,500,000.00
Fund
1,500,000.00
Total
Comments:
® Certification Not Required
Ab?), Director o
Date: