HomeMy WebLinkAbout033488 ORD - 10/15/2024ONE READING ORDINANCE DESIGNATING 127.72 ACRES WITHIN THE
JURISDICTION OF THE CITY OF CORPUS CHRISTI AS A TAX
INCREMENT FINANCING DISTRICT TO BE KNOWN AS "TAX
INCREMENT REINVESTMENT ZONE NUMBER SIX, CITY OF CORPUS
CHRISTI, TEXAS," PURSUANT TO PETITION BY OWNERS OF BARISI
VILLAGE PROPERTIES; SETTING A MAXIMUM CITY FINANCIAL
PARTICIPATION AND A MAXIMUM CONTRIBUTION; AND
ESTABLISHING A BOARD OF DIRECTORS FOR THE REINVESTMENT
ZONE.
WHEREAS, the Texas Legislature has authorized cities to establish reinvestment
zones by its enactment of the Tax Increment Financing Act, Chapter 311, Texas Tax
Code ("Act");
WHEREAS, Barisi Village LLC, the sole owner of the subject property with the
exception of the right-of-way known as Nile, has petitioned the City of Corpus Christi
("City") to establish a reinvestment zone ("Zone"), as authorized by section 311.005(a)(4)
of the Act, within the area of the City as described in Exhibit "A," and depicted by map in
Exhibit "B," which exhibits are attached to and incorporated into this ordinance; and the
City has determined that the petition complies with all requirements of the Act;
WHEREAS, the City has prepared a preliminary reinvestment zone financing plan,
a true and correct copy of which is attached to and incorporated into this ordinance as
Exhibit "C," and has taken and shall take all other actions required under Section 311.003
of the Act;
WHEREAS, the preliminary reinvestment zone financing plan provides that the ad
valorem taxes of the City constituting its tax increment are to be deposited into the Tax
Increment Fund created by this ordinance, and that ad valorem taxes of any other taxing
units constituting their respective tax increments may also be utilized for the purposes
described in the preliminary financing plan;
WHEREAS, in compliance with the Act, the City called a public hearing to hear
public comment on the creation of the proposed zone and its benefits to the City and the
property in the proposed zone;
WHEREAS, in compliance with the Act, notice of the public hearing was published
in the Corpus Christi Caller -Times, a daily newspaper having general circulation in the
City, the publication date being not later than seven days prior to the date of the public
hearing;
WHEREAS, the hearing was convened at the time and place mentioned in the
published notice, to -wit, on October 15, 2024, at the Regular Meeting of the City Council
commencing at 11:30 a.m., at the Corpus Christi City Hall, Council Chamber Room, which
1
033 488
SCANNED
hearing was conducted, in accordance with the Texas Open Meetings Act and then
closed;
WHEREAS, the City, at the hearing, invited and permitted any interested person
to speak for or against the creation of the zone, its boundaries, and the concept of tax
increment financing;
WHEREAS, all owners of property located within the proposed zone were given a
reasonable opportunity to protest the inclusion of the property in the proposed zone;
WHEREAS, City Council considered all information provided to it relevant to the
merits of creating the zone, consistent with the criteria in Chapter 311; and
WHEREAS, all requirements of the Act have been met.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CORPUS CHRISTI, TEXAS, THAT:
SECTION 1. FINDINGS. The City Council, after conducting the above -described public
hearing and having heard all evidence and testimony, makes the following findings and
determinations based on the evidence and testimony presented to it:
(a) That the facts and recitations contained in the preamble of this Ordinance
are hereby found and declared to be true and correct and are adopted as part of
this Ordinance for all purposes.
(b) That the Zone is a contiguous geographic area located wholly within the
corporate limits of the City.
(c) That the proposed zone meets the criteria and requirements of Texas Tax
Code §311.005 because the Zone is an area described in a petition requesting
that the area be designated as a reinvestment zone by the owners of property
constituting at least 50 percent of the appraised value of the property in the area
according to the most recent certified appraisal roll for the county in which the area
is located.
(d) That the total appraised value of taxable real property in the proposed
reinvestment zone and in existing reinvestment zones within the City according to
the most recent appraisal rolls for the City, does not exceed 25 percent of the
current total appraised value of taxable real property in the City and in the industrial
districts created by the City.
(e) That the improvements to be implemented in the proposed zone will
significantly enhance the value of all taxable real property in the proposed zone
and will be of general benefit to the City.
2
(f) That the development or redevelopment of the property in the proposed
zone will not occur solely through private investment in the reasonably foreseeable
future.
SECTION 2. DESIGNATION AND NAME OF THE ZONE. The City Council designates
as a reinvestment zone the area described by the metes and bounds in Exhibit "A" and
depicted by map in Exhibit "B" to promote development and redevelopment of the area,
which development or redevelopment the City Council determines will not occur solely
through private investment in the reasonably foreseeable future. The reinvestment zone
shall be identified as "Tax Increment Reinvestment Zone Number Six, City of Corpus
Christi, Texas" ("Zone" or "Reinvestment Zone"). The Zone shall be informally referred to
as "TIRZ #6 Barisi Village."
SECTION 3. BOARD OF DIRECTORS. That a Board of Directors for the Zone (the
"Board") is established, which consists of up to 9 members. The Board shall be appointed
as follows:
(a) Under Section 311.009(b), Tax Code, the respective governing bodies of
each taxing unit other than the City each may appoint one member of the Board if
the taxing unit has approved the payment of all or part of the tax increment
produced by the unit into the tax increment fund for the zone. Each governing
body may waive its right to appoint a director and is deemed to have waived the
right if it has not made the appointment within thirty days of receiving written notice
of its right to appoint.
(b) The member of the state senate in whose district the zone is located is a
member of the board, and the member of the state house of representatives in
whose district the zone is located is a member of the board, except that either may
designate another individual to serve in the member's place at the pleasure of the
member.
(c) The remaining members of the Board are appointed by the City Council of
the City. All members appointed by the Board must meet eligibility requirements,
as set forth in the Act.
(d) Terms of Board members, except for the members of the state senate and
state house of representatives, are two years. Officers must be appointed as
provided in the Act.
(e) The Board shall make recommendations to the City Council concerning the
administration of the Zone. The Board shall prepare and adopt a project plan and
reinvestment zone financing plan for the Zone and submit the plans to the City
Council for its approval under Section 311.011, Texas Tax Code. The Board shall
exercise other powers and responsibilities with respect to the Zone only to the
extent expressly granted by the City Council by ordinance or resolution.
3
SECTION 4. DURATION OF THE ZONE. The Zone shall take effect immediately upon
the passage of this Ordinance. Termination of the Zone occurs on December 31, 2044,
at an earlier or later time designated by subsequent ordinance of the City Council, at the
time as all project costs, and all tax increment bonds and interest on any bonds, have
been paid in full.
SECTION 5. TAX INCREMENT BASE. That the Tax Increment Base of the City or any
other taxing unit participating in the Zone is the total appraised value of all real property
taxable by the City or other taxing unit participating in the Zone and located in the Zone,
determined as of January 1, 2024, the year in which the Zone is designated as a
reinvestment zone (the "Tax Increment Base"), as shown in Exhibit "C", the Project and
Financing Plan and incorporated in this ordinance. The valuations as of January 1, 2023,
are included in the Exhibit "C" at the time of designation, but must be replaced with the
January 1, 2024, valuations once the certified roles are available to the City.
SECTION 6. TAX INCREMENT FUND. There is created and established a Tax Increment
Fund for the Zone, which may be divided into the accounts and subaccounts, as deemed
necessary or convenient under generally accepted accounting principles for government,
into which all tax increments, less any amounts not required to be paid into the Tax
Increment Fund under the Act, are to be deposited. The Tax Increment Fund may be
utilized only for purposes permitted by the Act and managed under the Act.
SECTION 7. CITY'S PLEDGED INCREMENT. The amount of tax increment that the City
contributes to the Tax Increment Fund for each year of the remaining term is as shown in
the table below. The pledged increment does not include any tax collected in accordance
with Article VIII, Section 1(c) of the City's City Charter (commonly referred to as the 2+2+2
residential street tax). The City's total contribution will not exceed $32,000,000.
Increment
Percentage
Tax Year(s)
95%
2025 through 2033
90%
2034
80%
2035
70%
2036
60%
2037
50%
2038
40%
2039
30%
2040
20%
2041
4
15%
2042
10%
2043
5%
2044
SECTION 8. IMPLEMENT THE PROJECT PLAN. The City Council finds that the creation
of the Zone and the expenditure of moneys on deposit in the Tax Increment Fund, which
are necessary or convenient to the creation of the Zone or to the implementation of the
project plan for the Zone, constitute a program to promote local economic development
and to stimulate business and commercial activity in the City.
SECTION 9. SEVERABILITY. If for any reason any section, paragraph, subdivision,
clause, phrase, word or provision of this ordinance shall be held invalid or unconstitutional
by final judgment of a court of competent jurisdiction, it shall not affect any other section,
paragraph, subdivision, clause, phrase, word, or provision of this ordinance, for it is the
definite intent of this City Council that every section, paragraph, subdivision, clause,
phrase, word or provision of this ordinance be given full force and effect for its purpose.
SECTION 10. PUBLICATION. Publication shall be made in the official publication of the
City of Corpus Christi as required by the City Charter of the City of Corpus Christi.
SECTION 11. This section constitutes a written request by the mayor or majority of the
members of the Council for this ordinance to be passed finally on the date of introduction
due to emergency. The City Council finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs; and
suspends the City Charter rule that requires consideration of and voting upon ordinances
at two regular meetings so that this ordinance is passed and takes effect upon first reading
as an emergency measure.
PASSED and APPROVED on the 1A{day of October, 2024.
r-")
Paulette Guajardo, Mayo
EFFECTIVE DATE
ATTEST:
K4j1/e1L--
Rebecca Huerta, City Secretary
5
033 488
filli
0 Z= A CITY OF CORPUS CHRISTI
r CERTIFICATION OF PUBLIC RECORD
1852
THE STATE OF TEXAS §
COUNTY OF NUECES §
I, the undersigned City Secretary of the City of Corpus Christi, Texas, so
certify that the following is a true and correct copy of Ordinance No. 033488
passed and approved by the Corpus Christi City Council on October 15, 2024, as
same appears in the Official Records of the City of Corpus Christi, Texas, of which
the City Secretary's Office is the lawful custodian.
WITNESSETH MY HAND and the Official Seal of the City of Corpus Christi,
Texas, this 25th day of October 2024.
Rebecca Huerta
City Secretary
Corpus Christi, Texas
(S E A L)
City of Corpus Christi
Rebecca Huerta, City Secretary
P.O. Box 9277
Corpus Christi,Texas 78469-9277
(361) 826-3105
Reb eccaH@cctexas.corn
Nueces County
Kara Sands
Nueces County Clerk
,
*V6-57-2024-2024036558*
Instrument Number: 2024036558
Official Public Records
CERTIFIED COPY
Recorded On: October 25, 2024 03:06 PM Number of Pages: 7
" Examined and Charged as Follows: "
Total Recording: $40.00
STATE OF TEXAS
GD�NTY CpUgrl�l Nueces County
f* . *y, I hereby certify that this Instrument was filed in the File Number sequence on the date/time
;�., Ni.I, „,; printed hereon,and was duly recorded in the Official Records of Nueces County,Texas
lc' Yi\a Qi
�$4Gy o�Nu�C�c_4`'' Kara Sands *Nilixci_.
,.\`,.
� Nueces County Clerk Nueces County, TX
***********THIS PAGE IS PART OF THE INSTRUMENT***********
Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY
because of color or race is invalid and unenforceable under federal law.
File Information: Record and Return To:
Document Number: 2024036558 SARAH BRUNKENHOEFER
Receipt Number: 20241025000130
Recorded Date/Time: October 25, 2024 03:06 PM
User: Dusty G
Station: CLERK02
EXHIBIT A
AREA OF TIRZ NO. 6
Tax Increment Reinvestment Zone #G
Criteria for Zone Creation
The area within the zone qualifies for a TIRZ because It suffers from long-term economic stagnation
and inadequate infrastructure sidewalks, and street layout. Without intervention by the public sector,
private market forces will not be sufficient to generate significant development and redevelopment.
Figure 3 Factors Arresting and Impelling Development In In addition, the landowner is requesting that the area be
the Zone designated as a reinvestment zone. Some of the most
prominent conditions existing In the Zone that meet the criteria
O Defective or unusual conditions of title set out in the Code (§311,005(a)(1)) are set forth in Figure 4.
(§311,005(a)(1)(G)) — restrictive
covenants and zoning entitlements
requiring highly burdensome and
arresting public Infrastructure
spending.
• Predominance of defective or
Inadequate sidewalk and street layout;
o Sundry unsanitary or unsafe
conditions;
o Unchecked deterioration of site or
other Improvements; and
Y Conditions that endanger life or
property by fire or other cause.
81.802 acres (+l- 64% of total area and virtually ALL
development) of the Zone (East of Nile Drive) is in the Qualified
Opportunity Zone (census tract 48355002704) and is New
Market Tax Credit (NMTC) Qualified.
According to the Code, the above -referenced conditions must
"substantially arrest or impair the sound growth of the
municipality or county creating the zone, retard the provision of
housing accommodations, or constitute an economic or social
liability and be a menace to the public health, safety, morals, or
welfare in its present condition and use." Given the existing
conditions In Corpus Christi, the feasibility for development In
the Zone is severely limited. The conditions outlined above will
not he overcome or corrected without significant intervention and assistance from the public sector,
therefore satisfying the general criteria for creation of the Zone.
Figure 4 Oppmfunlly Zone Mnp
Tax Increment Reinvestment Zone #6
EXHIBIT A: Legal Description
127.72 Acres
STATE OP TEXAS
COUNTY OP NLIECI':S
Apr1124, 2014
Job No, 2612.134.01
Pioldnotus for 127.72 Acres, more or less, comprised of All of Tracts I & 2, The Pharaohs
Country Club, n map of which is recorded in Volume 33, Pogo 69, of Iho Map Records of Nuccus County,
Texas, togelhwr with hint portion ol'Nllo Drive, a public roadway, ns dedicated in snid Volturno 33, Page
69 nnd All of Block 3, Pharaohs Volley Northeast, a mnp ol'which Is recorded in Volume 26, pogo 1 I, of
Iho sold Map Records, sold 127.72 acre tract being more fully duserlhed ns follows:
I3eginning on Iho Southwest R-O-W line of Ennis Joslin Rood, n public roadway, Ilia Rnsl corner
of Block A, Pharaohs Valley Northeast, n mnp of which is recorded In Volume 31, Pngo 55 oldie snid
Mop Records, for the North comer oldie sold Tract 1 and Iltis trim;
Thence, South 33°46'30" East, with the common lino of Ihu snid Southwest R-O-1V nod Iho
Norlhcnsl lino of the sold Tract 1, 508.39 leer, for n corner this tract nod the point of curvnluro of n curve
to the right, loving a Central angle of 25° 15'27", n rndlus of 1869.86 feel, an are length of 824.28 Not, n
chord benring of South 21 °08'46" East nod n chord length of 817.63;
Thence, whit the snid common Tine, with the me oldie snid curvo to the right, 824.28 fuel, to the
Noah Corner of'I'rnct 6, Naimoli Volley Northeast Unit I, n mnp of which Is recorded in Volume 45,
Page 115 of the snid Mnp Records, the Ens( corner of the said 'low( 1, for n corner of this trod;
'thence, South 78°03'07" West, with the Northwest lino of the sold Tract 6, Tract 5, Phnrnoh
Valley Southeast (Unit I, n mnp of which is recorded In Voluuw 42, Pogo 141, oldie sold Mnp Records
and Block 2, Pharaoh Volley Carriage Pnrk East 'I'own-1 louses, n map of which Is recorded in Volume 38,
Pogo 9, of the snid Mnp Records, the South line of tho said Trutt I, 1035.74 feel, for n corner of this trod
and lite point of curvature of n curvo to the right, laving n Central nnglo of 40°59'33", n radius of 214.01
feet, nut me length of 153.1 I feel, n chord benring of North 81 °27'07" Wost, n chord length of 149.87 fool;
Thence, with tho North lino of Ihu snid Block 2, Iho South Tine oldie sold Traci 1, with the are of
Ilia snid curvo to the right, 153.11 feet, for n corner of this tract;
Thence, North 60°57'20" West, with Ihu Norihcnsi line of tho sold Block 2, Block 1, Phnrnoh
Volley Cnrringc Pork 'I'own-I-louses, a mop of which is recorded in Volturno 33, Pogo 8, of Iho snid Mop
Records, (lie Southwest line of the said Tract I, 820.00 feet, for n corner of this Irncl nod Ile point of
curvnluro of n curve to Ihu Ion, having n Control might of 90°00'00", n radius of 140.00 feel, an nro length
of 219.91 feet, a chord bearing of South 74°02'40" West, n chord length of 197.99 Net;
Thence, with the North Zinc ol'Ihc sold Block I, Iho South lino ditto snid Trncl 1, with the are of
Ilto sold curve to die loll, 219.91 feel, for n corner adds tract;
S:Ctiuncymng126121t4e18)f1'IChlhilirI S AND IIUt1NDSIFN127.72Ad, , Inur.Jncs I'ngc I ot'S
(361)854-3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbsnen1.corn
TOPE Firm 11 145 • TOPLS Firm 1110032400
FAX (361)854.6001
Tax Increment Reinvestment Zone #6
Thence, South 29°02'40" West, with the Northwest Tine Mho sold Block I, the Soulhensl line of
the sold Tract 1, 475.00 foci, to the North R-O-W lino of McArdlu Road, for n comer dells lracl;
'Thence, North 60°57'20" West, with the Northeast lino of Ihu snid McArdlu Road It-O-W, lho
Southwest line ul'Iho snll'I'rncl I, 360.00 fool, to East lino of Block 10, Pharaoh Volley Southwest Unit
2, n nap of which is rccordcd in Volume 29, Pngo 60, of tho said Map Records, for n cooler of this tract
nod tho point of curvature of n curve to the loll, having a Control nngle of 20°38'00", n radius 01'439.18
fool, an are length of 158.27 feel, n chord hearing of North 18°43'40" Bost, a chord length of 157.41 feet;
Thence, with (Ito Bost lino of Lots 15-16, of tho said Block 10, Ilia West lino of iho sold Trnct I ,
with the me of the said curve to the let, 158.27 feel, for n corner of this Irnci;
Thence, North 08°24'40" Bost, with the linsl lino of Lois 11-15, of the said Block 10, (Ito West
(Inc of the sold Tract 1, 448.44 feet for n cantor of this tract and Ihu point ofcurvnturu of n curvo to the
loll, having n Control onto of 69°22'00", n rndlus ol'324.97 Net, an ore length of 393A3 feat, n chord
bearing of North 26°16'20" West, n chord length of 369.84 feel;
Thence, with tho Norlhensl line of Lots 8-11, of tho sold I31ouk 10, Ilia Soulhwosl lino of the said
Tract I, with the are of the snid Curve to the loft, 393A3 feel, Ior n corner of this tract;
Thence, Nurlli 60°57'20" West, with the Northeast line of Lots 1.8, of the said Block 10, the
Southwest lino of the saki Traci I, 810.0(1 feel, to the Ease It-O-W of Nile Drive, for the Wost comer oi'
the sold 'Tract I mod of this Iraq;
Thence, North 60°58'S0" West, crossing the said Nile Drive, nl 60 feet, puss tho West It-O-W of
Ihu sold Nilo Drive, the Nolthensl corner of Block 19, Phnrnoh Volley Southwest Unit I, a ntnp of which
is recorded In Volume 28, I'ege 94, Mho said Mnp Records, n Soulhensl confer ol'Iho snid Tract 2, in nil
70.00 feel, for n corner of this tract and the point of curvature of n curve to the lofl, having a Central onto
of 90°00'00", n radius of'S85.50 feel, nn are length of 919.70 feel, n chord henring of South 74°01'I0"
West, n chord length of 828.02 feel;
Thence, will the Northwest IInc of Lois 3.12, of ilio sold Block 19, Ihu Soulhensl line of the said
'I'mul 2, the ore of the snirl curve to the loll, 919.70 feel, for n cantor of this Intel;
'thence, Smith 29°01' 10" West, with tho Northwest line of Lois 1-3, of the saki 13Iook 19, the
Southend line of Tract 2, 199.74 feet, to Ihu North It-O.W ol'MaArdle Rood, the Southwest corner of the
snid Block 19, for n center of this trace;
Thence, Noah 61 °00'00" West, with the sold North It-O.W, the Southwest line of the snid'I'raet
2, 472.30 feel, to the South corner of Block 18, Phnrnoh Volley West, n mop of which is recorded in
Volunw 29, Pngo 100, of the said Mnp Records, for (Ito West cantor of tho said 'fowl 2 and this Iraq;
'Thence, North 28°58'20" Erase, with Southeast line ol'Lots 1-18, oflho said Block 18, tho
Northwest Zinc of the snid Tract 2, 1434. 1 1 feel, for n carnor adds boot;
Thence, North 43° 17'48" West, with the Norlhcnsl lice of Lots 18-25, sold Block 18, the
Southwest Zino of tho said 'fleet 2, 615.54 fool, to n Southeast corner of I3Iouk 24, Phnrnoh Valley North
Unit 2, n mop ol'which is recorded in Volume 32, Pogo 72, of rite said Mnp Records, for n West corner of
the sold Intel 2 and this tract;
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(361)854.3101
2725 SWANTNER OR. • CORPUS CHRISTI, TEXAS 78404
www.urbaoerur.col l
TOPE Firm I( 145 • TDPLS Firm 1I 10032400
FAX (361)854.6001
Tax Increment Reinvestment Zone #6
Thence, North 29°02'40" Host, with Ilro Soulhunsl lino of Lots 19-22, of the sold I31ouk 24, the
Northwest line orate sold'I'ntel 2, 315,011 Joel, for n corner of this tract;
Thence, North 48°53' 19" Host, with Ilse Soulhcnsl lino ()Mot 18, of Iho sold Block 24, the
Northwest IncIof the snid Tract 2, 62.49 feel, for the North corner ol'Ihis tract;
Thence, South 80°47'59" L'nsl, with the Soulhcnsl lino of l.ol 16, of the snid Block 24, Ihu
Norlhensl lino of the said Trnet 2, 62.49 feel for n corner of this Intel;
Thence, South 60°57'20" Bost, with the Southwest lino of Lots 15-9, of Iho snid Block 24, Lots 2-
8, Blocks 24, Pharaoh Volley North Unit I, n map of which Is recorded in Volume 32, Pngo 30, of the
snid Mnp Records, the Norlhenst lino (litho snid Tract 2, 1193.12 fool, to the West corner of Lot IA,
Block 24, I'hnraoh Volley North Unit I, n nmp of which is recorded in Volume 53, Pogo 12, dike said
Mnp Records, for n corner of this tract;
Thence, South 51°51'53" Rost, with (ho Southwest lino of Iho said Lot IA, the Northeast Ilno of
the snid 'Tract 2, 71.95 feel, for n corner of This tract;
Thence, North 73°20'55" East, with the Soulhcnsl lino of Iloe snid Lol IA, rho North lino of the
snit! Inlet 2, 85.90 feel, to the Southwest R-O-W lino of Plmraoh Drive, the Bost corner of tiro snid Lot
I A, for It corner of this tract and the point of curvature of n curve to Ihu loll, having n Central nrnglo of
44° 19'45", a mdius of 345.00 feet, on me length of 266,92 feet, n chord bearing of South 38°48'57" Bast, n
chord length of260,32 feet;
Thence, with the Southwest line of the snid Phnrnoh Drive, Iho Northeast lino of thu sold Traci 2,
with the ore of Ihu said curvo Io the lull, 266.92 feel, for n cornor of this Noel and the point of eurvnlnro of
n reverse curve to the right, having n Control onglo of 90°00'00", n radius of 10.00 feet, an are length of
15.71 feel, n chord bearing of South 15°58'50" Post, a chord Icnglh of 14.14 foul;
Thence, with Ihu \Voss Zino of the said I'horeoh Drive, Ihu Hnsl lino of Iho sold Tract 2, with the
INC of thu sold reverse CUI•VC to the right, 15.71 feel, to the East It-0-W of the snid Nilo Drive, for n corner
of Ihls tract;
Thence, South 29°01'10" West, with Ihu Northwest lino of Ihu snid Nilo Drive, Ike Southeast lino
of the sold'I'ntel 2, 77.0U feet, to the Ins( corner of Block 13, Pharaoh Vnlloy Southwest Unit I, n mop of
which is recorded in Volume 28, Page 94, of Btu snid Mnp Records, for n corner of this tract;
'I'heneu, North 60°58'50" Wusl, with the Northeast Inclof Lot I, of the said Block 13, the
Soulhwosl line of the snid'Ilnul 2, 125.00 feel, to the North cornor of rho sold Block 13, for a corner of
Ihis tract;
'I'honcc, South 29°0I' 10" \Vcsl, with Iho Northwest lino of Lots• 1.8, of the said Block 13, ilto
Southensl line ol'Iho said 'Israel 2, 640.00 feel, to the West corner of the snid Block 13, for n comer of Iluis
Irncl;
'Thence, South 60°58'58" Bast, with Ihu Southwest lino of the snid Lol 8, the Northeast lino of Ihu
said Tract 2, at 125.00 feel, pass 1ho \Vest It-O-W oI'llto snid Nilo Drivu, In nil 185.00 feet, to Iho Host It-
O-W o1'(he said Nile drive, the West line of the s(dd'I'nnet I, for n corner of this Irnel;
ticlmvcrina26121rlIU110FPICI•.AI51I S ANl> Il(IIINUSIFN127.72Ae, , Ima.dnce
(361)054.3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbanen¢.com
TUPE Firm 11145 • TI3PLS Firm II 10032400
Pogo 3 nr5
FAX (361)854.6001
Tax Increment Reinvestment Zone #6
Thence, North 29°01'10" I?nsl, with tho Southeast Into attic sold Nile Drivo, the Northwest lino
of the snid'I'rne( 1, 5.03 feel, to the West corner of Block 2, Pharaoh Valley Norlhcnst, n mop of which in
recorded in Volume 26, Page I I, of the sold Mnp Records, for it comer of this Irnel;
Thence wilt) the common line of the snid Block 2 end Ihu sold Trout I, us follows:
• South 60°57'20" Last, 125.00 feel, for n corner of this tract;
• North 29°02'40" Bost, 290.00 feel, for n cornor of this Intel;
• South 60°57'20" Post, 145.00 feet, for n corner of this Intel;
North 29°02'410" Rost, 57.30 fool, to lltu South It-O-W lino of Cairo Drivo, for n cornor of ,
this tract and the point of curvnnurc of n curve to tho Loll, having n Central nngle of
34°54'54", n radius of 50.00 feel, nn me length of 30,47 feel, n chord bearing of South
60°57'20" Ens!, n chord length ol'30,00 feel;
• Wilt) the ore of the snit) Curve to tho lof, 30.47 feel, for a corner of this tract;
• South 60°57'20" West, 57.30 feel for n comer of this tract;
• South 60°57'20" East, 290,00 feel for n comer of this (tool;
• North 29°02'40" East, 57.30 feet, to the South R•O-W line of Sudan Drivo, for n corner of
this Intel and the point of curvnlurc of n curve to the Loft, having n Central angle of
34°54'54", n radius of 50.00 feel, nn are length of 30.47 feel, n chord hunting of South
60°57'20" Lnst, n chord length of 30,00 fool;
• With the ere of the said Curve to the Ica, 30.47 feel, for n corner of this Intel;
• South 29°02'40" West, 57,30 feet for n comer of this Intel;
• South 60°57'20" East, 290.00 feet for n corner (Wilds tract;
• North 29°02'40" ((nst, 72.30 feel, to the South R-O-\V lino of Knnnnk Drive, for n corner
of thls tract and tho point of curvature of n curvo to Ilto Loll, lowing n Central angle of
34°54'54", n radius of 50.00 feol, nn are length of 30A7 fool, n chord benring of South
60°57'20" Lnsl, n chord length of 30.00 feel;
• With tho nro of Iho sold Curve to Ihu left, 30.47 fcci, for n cornor of this Intel;
• South 29°02'40" West, 72.30 feel, for n cornor of this Intel;
• South 60°57'20" Past, 95.00 feel, for n cornor of this Irnel and the paint ofcurvnture of n
curve to the Loft, having n Control nnglo of90°U0'00", n radius of50.00 feel, nn me
length of 78,54 fuel, n chord bearing of Notth 74°00'00" Bost, a chord length of 70,71
feel;
With the nue of the snid Curve to Ike left, 70.71 feel, to the West incIof Block 3, I'hnrnoh
Vnllcy Northeast, n mop of which Is recorded In Volume 26, Page I I, of tho said Mop
Records, for n cornor of this tract;
Thence, North 29°02'410" Rost, with the Southeast lino of Lots 34-37, of Iho said Block 2, the
Northwest Iluc of the snid Block 3, 375.00 feel, to the Souther's( R-O-\V lino of the snid Phnranh Drive,
the North corner of the said Block 3, Ior n corner ol'this tract;
Thence, South 60°57'20" Host, with Ihu Southeast Ihto of Ilte snid I'Iun•noh Drivo, Ile Nurlltcnsl
Ilse of the sold Block 3, 320.00 feet, to the North corner of , Bloek 4, of the sold Pharaoh Vnllcy
Northeast, the Rust corner of the said Block 3, for n eomur (Olds Intel;
Thence, South 29°02'40" West, with the Northwest lino of Lots 1-4, onto! sold Block 4, tho
Southeast line alike snit) Block 3, 370.00 fuel, ton corner Milo sold Tract I, for n corner Mills beet mid
the point ofcurvnturo of n curve to the loll, hnving n Control tingle of 90°00'00", n radius of 50,00 feel, on
are length of 78.54 feel, n chord betriug of South 15°57'20" Lnsl, n ollord longlh of 70,71 feel;
S;1Sun•oft026121MU11n1,11CI•]r,lla'INANI)1101INDSti'NI21J2Acrct bmcJncz I'ngc.1 OS
(361)854-3101
2725 SWANTNER DR, • CORPUS CHRISTI, TEXAS 78404
www.urbanelur.com
TOPE Firm (1145 • TBPLS Firm 1110032400
FAX (361)854-6001
Tax Increment Reinvestment Zone #6
'thence, with Iho are of the sold Curve to the Tull, 70.71 fool, for n corner of this Intel;
'1'huncu, with Ilia common line of the sod Mock 4 and Ihu snld'Fract 1 as follows:
•
•
South 60°57'20" Bnsl, 95.00 feel, for n corner of this Intel;
North 29°02'40" Rost, 72,30 fool, to the South R-O-W lino of Luxor Drivo, for n corner of
this tract and the point of curvature of a curve to Iho Len, hying n Central angle of
34°54'54", n radius of 50.00 feet, on nrc Icngth of30A7 feet, a chord benring of South
60°57'20" Bast, a chord length of 30,00 feet;
With the arc of the snid Curve to the loll, 30.47 feel, for a corner of this Intel;
South 29°02'40" West, 72.30 feel, for n corner of this tract;
South 74°04'20" Bast, 297.76 feet, for n corner of this Tract;
North 29°02'40" East, 64.72 feel, to the South R•O-W line of Memphis Drive, for n
corner of this tract and the point of curvature of n curve to the Loll, hnving n Control
angle of 34°54'54", a radius of 50.00 feel, nn are length of 30.47 foul, n chord hearing of
South 60°58'31" East, a chord length of 30,00 feet;
\Vith the arc (Willa sold Curve to the loll, 30A7 feet, for n corner of this tract;
South 29°02'40" West, 57.74 feel, for n corner of this tract;
Thence, South 74°04'20" Bost, nl 152.25 feel, pass the Wost corner of Block A, Pharaoh Volley
Northeast, n nap of which is recorded In Volume 31, Pogo 55, of iho snid Mnp Records, Iho Southenst
corner of Iho said 131ock 4, in nil 204,66 foul, for n corner of this tract and the point of curvnlurc of n curve
to the Lull, having a Central angle of 53°I4'20", n radius of 387.10 foul, no nrc length of 359.69 feet, n
chord bearing of North 79° 18'30" Bnsi, a chord length of 346,89 feel;
Thence, with the common lino Mho said Block A and the snid Tract I, Iho arc of rho snid Cnrvo
to Iho Ten, 346.89 feel, for n corner of this tract;
Thence, North 52°41'20" Ens!, with the Sodhalsl lino of the snid Block A, the Northwest Ihto of
Iho said Tract I, 239.89 feet, to the Point of Beginning, containing 127.72 ncros (5,563,545 squnrc feet) of
land, more or less.
Bearings based on the record plot of"Tito Pharaohs Counhy Club, a mop of which Is recorded in
Volume 33, Togo 69, of the snid Mnp Records, (not based on nil on -Ow -ground survey),
Unless this Field Notes Dcserlplioh, Including preamble, seal and signnttuo, nppcnrs In its entirety, in its
originnl form, surveyor assuntos no responsibility or liability for its accuracy.
Also reference aecompnnying sketch of tract described herein.
S:'.Rio'cring126121Ilde1l1PFICIEVAli I liti ANN 1101INDSII'NI21.72Acres.6na.Jua�
(361)8543101
URBAN BNGINBL+RIN(1
'u!t
Keith \V. Wnoluy, It.P.L.S,
License No. 5463
2725 SWANTNER DR, . CORPUS CHRISTI, TEXAS 78404
www.urhaneta,com
TOPE Firm 11145 • TOPLS Firm II 10032400
Page s of
FAX (361)854.6001
EXHIBIT B
MAP OF TIRZ NO. 6
Tax Increment Reinvestment Zone #G
tq
r+.1 ✓•/, •. n..1.•• I.C.n.*
N)•1t,,,..
111•✓.r•r..
Figure 0 Aproxinlale TIRZ Geographic Boundary
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Figure 5 Nueces County Appraisal District Properly Intonation
44011 i9:44i 24:4i),
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EXHIBIT C
TIRZ NO. 6
PRELIMINARY
FINANCING
PLAN
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village, Corpus Christi, Texas
Prepared for:
The City of Corpus Christi
PO Box 9277
Corpus Christi, Texas 78469-9277
241-9 July 2024
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Contents
1. Introduction 4
1.1. Purpose of a Tax Increment Reinvestment Zone 4
2. Project Plan 5
2.1. Criteria for Zone Creation 6
2.2. Existing Tax Increment Financing Districts in the City of Corpus Christi 7
2.3. Description of the Tax Increment Reinvestment Zone #6 7
2.4. Existing Zoning and Land Use Guidelines Applicable to TIRZ #6 9
2.5. Taxing Jurisdictions Applicable to TIRZ #6 9
2.6. Proposed Changes: Master Plans, Zoning Ordinances, & Building Codes 9
2.7. Relocation of Displaced Persons 9
2.8. TIRZ Phasing 9
3. Project Plan Improvements 11
3.1. Eligible Project Costs 11
3. Public Facility and Public Space Enhancements 11
4. Project Plan 14
4.1. Existing Uses and Conditions/Boundaries §311.011(b)(1) 14
4.2. Municipal Ordinances §311.011(b)(2) 16
4.3. City Planned Improvements (Non -Project Costs) §311.011(b)(3) 16
4.4. Relocation §311.011(b)(4) 16
5. Reinvestment Zone Financing Plan 17
5.1. Estimated Project Cost Description §311.011(c)(1) and Kind, Number, and Location of TIRZ
Improvements §311.011(c)(2) 17
5.1.1. Public Improvements, Facilities, And Infrastructure 17
5.1.2. Administrative Costs 19
5.2. Economic Feasibility Study §311.011(c)(3) 19
5.3. Estimate of Bonded Indebtedness §311.011(c)(4) 19
5.4. Timing of Incurring Costs or Monetary Obligation §311.011(c)(5) 19
5.5. Method of Financing and Sources of Revenue §311.011(c)(6) 20
5.5.1. Sources of Funds 20
5.5.2. Sources of Revenue 21
5.5.3. Method of Financing 2224
Page 2 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
5.6. Current Appraised Value §311.011(c)(7) 22
5.7. Estimated Captured Appraised Value §311.011(c)(8) 22
5.8. Duration of the Zone §311.011(c)(9) 2223
6. Appendices 2324
6.1. Appendix A 2324
Market and Economic Feasibility Study 2324
6.2. Appendix 8 — Projection of New Development and Taxable Assessed Value 3334
6.3. Appendix C— Estimated Non -Financing Costs 3435
7. EXHIBIT A: Legal Description 5566
Page 3 of 60
Taxable Value
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
1. Introduction
This Project Plan for the creation of a Tax Increment Financing Zone #6 (the "Project Plan")
contemplates a Tax Increment Financing Zone over a 127.72 acre portion (the "Site") of the city that
includes the former Pharaoh Valley Country Club area along Ennis Joslin on its eastern edge, Pharaoh
Drive to the north, Delta and Clarion Drives on its western border, and McArdle, Aswan, Hathor, and
Rock Creek Drives along the southern area of the TIRZ (hereafter referred to as "TIRZ #6").
The landowner of the property is Barisi Village LLC. The landowner is requesting the City of Corpus
Christi (the "City"), Nueces County (the "County"), and the Del Mar College District ("Del Mar")
participate in the tax increment reinvestment zone to help fund sundry infrastructure improvements,
as further defined herein, to be located within the development. The duration of the zone is projected
to be 20 years, with the TIRZ in existence through 2044.
1.1. Purpose of a Tax increment Reinvestment Zone
A tax increment reinvestment zone (a "TIRZ") is a tool that local governments can use to incentivize
needed improvements and infrastructure within a defined geographic area. These critical
improvements are primarily undertaken to promote the viability of existing businesses and to attract
new commercial enterprises. The cost of eligible improvements is repaid by the contribution of future
tax revenues by each taxing entity that levies taxes against the property. The additional tax revenue
that is received from the affected
properties after the creation of the
TIRZ is referred to as the tax
increment.
Each taxing entity can choose to
dedicate all, a portion, or none of the
tax revenue that is attributable to the
increase in property values due to
the improvements within the TIRZ to
this zone. Each taxing entity
determines what percentage of its
tax increment it will commit to
repayment of the cost of financing
the public improvements.
This Project Plan and the feasibility
analysis attached hereto as Exhibit A is
required by state law. This Project Plan
is designed to meet the legal requirements of designating a TIRZ. The statues governing tax increment
financing are in State of Texas Tax Code (the "Code") Chapter 311. To assist the City and the other
taxing entities in understanding the overall financing plan, we have included preliminary revenue
projections which assume that other taxing entities participate in the TIRZ on an equal basis to the
City.
•
Creation
of TIRZ
Page 4 of 60
Incremental
Growth
Tax Increment Roes to TIR7
Time
TIRZ Ends
All tax revenue
to general fund
•
Termination
of TIRZ
Figure 1 How a Tax Increment is Calculated
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
2. Project Plan
The purpose of TIRZ #6 is to finance the construction of public facilities and infrastructure vital to
catalyzing residential and commercial development within the boundaries of the zone. In addition to
the public benefits that these investments are expected to yield, many are also required for any
planned development to comply with detailed deed restrictions and zoning entitlements that restrict
the uses of the Site. Expenditures associated with the design and construction of public infrastructure,
as well as other specific project -related costs, will be funded by tax increment revenues derived from
increases in property values following new residential and commercial development, which will result
from the investment contemplated herein.
Barisi Village is envisioned as a fully -featured, publicly accessible and beneficial European -style
village. This design is in line with the Developer's vision, mandated zoning entitlements, and deed
restrictions, as well as consistent with the Developer's track record of delivering similar, high -quality
projects. This transformative development aims to create and enhance prominent public spaces,
attracting a wide range of community members who are expected to gather and spend time in these
revitalized areas.
The infrastructure and capital costs associated with the development will be financed with private
capital. It is the intent of the Developer to enter into an agreement with TIRZ #6 to receive
reimbursement for investments made from revenues generated by TIRZ #6.
Figure 2 Illustrative Barisi Village Project Phasing Plan
Page 5 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
2.1. Criteria for Zone Creation
The area within the zone qualifies for a TIRZ because it suffers from long-term economic stagnation
and inadequate infrastructure sidewalks, and street layout. Without intervention by the public sector,
private market forces will not be sufficient to generate significant development and redevelopment.
Figure 3 Factors Arresting and Impairing Development in In addition, the landowner is requesting that the area be
the Zone designated as a reinvestment zone. Some of the most
prominent conditions existing in the Zone that meet the criteria
• Defective or unusual conditions of title set out in the Code (§311.005(a)(1)) are set forth in Figure 4.
(§311,005(a)(1)(G)) — restrictive
covenants and zoning entitlements
requiring highly burdensome and
arresting public infrastructure
spending.
• Predominance of defective or
Inadequate sidewalk and street layout;
• Sundry unsanitary or unsafe
conditions;
• Unchecked deterioration of site or
other improvements; and
• Conditions that endanger life or
property by fire or other cause.
81.802 acres (+/- 64% of total area and virtually ALL
development) of the Zone (East of Nile Drive) is in the Qualified
Opportunity Zone (census tract 48355002704) and is New
Market Tax Credit (NMTC) Qualified.
According to the Code, the above -referenced conditions must
"substantially arrest or impair the sound growth of the
municipality or county creating the zone, retard the provision of
housing accommodations, or constitute an economic or social
liability and be a menace to the public health, safety, morals, or
welfare in its present condition and use." Given the existing
conditions in Corpus Christi, the feasibility for development in
the Zone is severely limited. The conditions outlined above will
not be overcome or corrected without significant intervention and assistance from the public sector,
therefore satisfying the general criteria for creation of the Zone.
Figure 4 Opportunity Zone Map
Page 6 of 60
Lomond
Fulure Lind UJO Typo
Mute u4
�c•,r.
OM IJ
In. P.N.,
Wsrth•✓, N.t.v,r.
▪ tivS P+y w. N,s
▪ n• r.r•J rt.,
yan
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
2.2. Existing Tax increment Financing Districts in the
City of Corpus Christi
There are existing TIRZs in Corpus Christi. According to state law, cities with more than 100,000
residents may not create a new TIRZ if the total appraised value of taxable real property in the new
reinvestment zone and in the existing reinvestment zones would exceed 25.0 percent of the total
appraised value of taxable real property within the city and its industrial districts. In addition, a TIRZ
may not be created if more than 30.0 percent of the property in the new TIRZ (excluding publicly
owned property) is used for residential purposes at the time of designation. The TIRZ #6 complies
with these state rules.
Table 1 Existing TIRZ Districts in Corpus Christi
Land Use
Value Data Source
City of Corpus Christi — Real Property
$42,491,547,611
TIF #2 — Padre Island
$911,213,858
TIF #3- Downtown
$1,054,192,568
TIF #4 — North Beach
$300,407,411
TIF #5 - BoCo
$1,098,190
2023 Assessed Value, Certified
Totals Report, NCAD
2023 Assessed Value, Certified
Totals Report, NCAD
2023 Assessed Value, Certified
Totals Report, NCAD
2023 Assessed Value, Certified
Totals Report, NCAD
2023 Assessed Value, Certified
Totals Report, NCAD
Total TIRZ
$2,266,912,027
TIRZ as % of Corpus Christi Total
5.3%
2.3. Description of the Tax increment Reinvestment
Zone #6
The TIRZ #6 will cover approximately 127.72 acres (including roads and right of way). The 2023
baseline assessed property value of the TIRZ is approximately $1,270,541. The base year of the TIRZ
will be based on the value as of January 1, 2024. The documents will be amended to reflect this value
once tax year 2024 appraisal values have been published.
Land Use
Table 2 Existing Land Use of T!RZ46, NCAD (2023)
Acreage
City of Corpus Chris i
Assessed Value
Commercial Land
126.561
$1,270,541
Total
126.561
$1,270,541 I
P • :Y.' IRMAIR 3i111!TAME�irta�i��t.�a W
City of Corpus Christi $7,620.38
Nueces County $3,016.41
Del Mar JR College $3,011.21
Page 7 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Figure 6 Aproximate TIRZ Geographic Boundary
2660 9
?75378_ 166 0 0.i2,0./.2 12 284398�[8409 /2Q4 �, ,
AI 2400 2 i• i / "<v--.2 - 1'�Z0437,.,,,,
i- — .., 26544Z. 2 4 7L � / i4308 4
2759 80395 .., 2843887� 0 84400. 1 ; f p2043717.
ell 4 264380 84y14 •2843 4 izo, or..
/ 2344 04 4 .A� `./ / ,284385
z8 2 a7a1 1pf /
tt 4416i8/ . e4704
f 28�303
2�1�408g` "20471.1 ' / 284302
200093917 0 409i. 23a707. 43 284381.'
1 ,2047o. '84300 .
/ 284439
4 284 41.
gfl47p, 2a47(o C
/.2e47�4 ., Y' Y84700 1822; 447.2 �8ds4>
284698' I 284733. 204701 ` ,(•
2(4a90' J. - 847 rerr
f , 2841764
?00003050
2
5218
04
.2a4479 284 40
4014q/8. ,�/ Appraised Value:ll/A
6.44778' 2e44 _ 204�18„ Neighborhood: PHARAOH VALLEY 1IE F. SW
44 -'2844 1 Abstiacl Code: S6637
, 2844
rmih
1 A
44
234632, 4435044284• s,
2 J46311/�/\\/ .240*782Q4p68'�t28407777774�.,
�452q\ %,j1`'45a5 / ' 2B40eb2P1e80.,
2 40 i 2�20463
285824 2 4651- /1'��, �, 494588. 20483';
607300 255830 8 _ Zg4y66• , .
2a5022 /. 26588/00 2 40�1 4q 284052
0520 /`285831 �Q5963 / 8 h84077 Z ��u
285810 24504P 6960 266870 f
/ ' '1 (2d5979_ 265330 1- 2 - 1 -�- M 3
2058,0 265843'928886t: v. 2146 4
• �-t! 2d58�6 ZP08,48.•204I `•` 2d_0AA0 / 2t40 0.2�4C 5
9" 1 2658.4"' < Ee Q-' dike 1, g65913 942437 , ,, 840,!6
72,4�,'i;� �59,7, 1724J4 " 242 �2�141 ., _
0010273 44 205tt6, 5 gi24fi. ', ,
r/ ' �241450
/206806 `jL�e�pyp i0 006�/ 242424 '142446 ` . 2 2478
/y l7_�/C/��{e ' 42 33 / - 4424 7
1 ,a...• ti7. A4dk./ ../ %( =42470
Figure 5 Nunes County Appraisal District Property Information
Properly Information (284500)
Owner Ilamo: BARISI VILLAGE LLC
Doing Business As: I lull
Proporly Identification Ilunlber:284500
Geo Identification Ilumber.6637-0003.0010
380210 Legal Description: PHARAOH VALLEY II E OK
3 & PHARAOH COUI ITRY CLUB LESS POR
TO ROW
tt02� Slate Code: F 1
Address: 7111 PHARAOH DR CORPUS
CHRISTI. Tx 78412
�• Taxing Jurisdictions: CO3, CAD. GIIU, JRC,
RFI.I..^3E. HOSP
Page 8 of 60
;603
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04514
w
a
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,t' 5427
204022
� • 6889' /314011
04007 254072
2\_\4 /
28
2
284604
4037
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
2.4. Existing Zoning and Land Use Guidelines
Applicable to TRZ #6
Existing City of Corpus Christi land use, zoning guidelines, and policies would apply to all properties
within city limits. Current zoning is a PUD overlay prescribing a "European village with buildings placed
near the street right-of-way and mixed -use buildings resulting in a pedestrian -oriented development."
This village is required to include a "Principal plaza," "Lakeside sidewalks with potential gathering
spaces," "Pedestrian -oriented design," "Shared and off -site parking" including a requirement that not
more than 50% of parking spaces provided on the Site be provided in well -landscaped surface parking
lots, and strict "Architectural requirements." It is required by binding restrictive covenant and
zoning ordinance to build high -intensity structured parking and premium quality and high -
density developments on this site. The restriction can only be met by adopting a TIRZ
ordinance, such as this.
2.5. Taxing Jurisdictions Applicable to TRZ #6
The Barisi Village TIRZ #6 is located within the following taxing jurisdictions:
• City of Corpus Christi
• Nueces County
• Del Mar College
• Nueces County Hospital District
• Corpus Christi Independent School District
• Farm to Market Road District
2.6. Proposed Changes: Master Plans, Zoning
Ordinances, & Building Codes
There are no anticipated changes to the master development and zoning ordinances.
2.7. Relocation of Displaced Persons
This plan does not call for nor anticipate the displacement or relocation of persons for the proposed
projects.
2.8. TIRZ Phasing
This multi -phase village -style project aims to revitalize the area as a community -driven village -style
neighborhood with necessary and legislatively required infrastructure improvements, enhanced
pedestrian environment, and market -leading visual quality. Starting with the first phase of the project,
Barisi will enable critical infrastructure for housing development and community -focused commercial
uses and encourage new development and investment in the zone and beyond into future phases
and those areas outside of the immediate TIRZ area.
The duration of this TIRZ Project Plan is 20 years from its effective date, unless terminated earlier by
ordinance or order of the governing body. However, the developer may request an extension of the
TIRZ Project Plan or initiate a subsequent TIRZ zone for subsequent phases of the project, subject
Page 9 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
to approval by the governing body and compliance with all applicable laws and regulations. The
extension request or incremental TIRZ Project Plan must be submitted at least one year before the
expiration date of this TIRZ Project Plan and must include a detailed description of the proposed
scope, budget, timeline, and benefits of the additional phases, in compliance with the Code.
Page 10 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
3. Project Plan Improvements
TIRZ #6 will provide support for catalytic infrastructure and economic development projects that
will facilitate the development of properties within the Zone. The qualities on offer in the
proposed Barisi Village will represent an unprecedented asset for members of the community
and a long-term source of economic prosperity for both the community and the taxing entities
that are being asked to participate in this TIRZ #6.
In addition to these imperative public infrastructure improvements, the Developer is also seeking
reimbursement for numerous improvements on the site to local drainage systems, retaining
ponds, and other improvements which aid the environmental health of effluent water by filtering.
Nearby properties have seen meaningful consequences of the neglect of this property —from
safety issues relating to dumping, trespassing, and visual pollution to rapid declines in their
property values. This Barisi Village project will provide lighted trail systems, additional eyes -on
security, streetscape enhancements, village -style amenities for the enjoyment of nearby
communities, and knock -on economic growth to surrounding businesses and residences.
3.1. Eligible Project Costs
1. Infrastructure Improvements
This category includes structured parking, water, sanitary sewer and stormwater improvements,
roadway and street intersection enhancements, public transportation, relocation of aboveground
utilities, public sidewalks, etc.
2. Parks & Streetscape Enhancements
This category includes gateway features, linear parks, corridor landscaping, public plazas, etc.
3. Public Facility and Public Space Enhancements
This category includes wayfinding, signage, lighting, public restrooms, and public safety amenities.
4. Non -Project Costs
It is not possible to quantify other non -project costs at this time, other than to say that they are
anticipated. However, these costs should not exceed TIRZ #6 revenue less other costs
delineated in the project plan. Consultants, engineers, surveyors, and other costs incurred not
related to the other categories and other unforeseen costs are included in this category.
5. Administration & Implementation
Administration costs, including reasonable charges for time spent by City of Corpus Christi employees,
will be eligible for reimbursement as project costs. In addition, this category includes City costs
associated with creating the TIRZ.
Total anticipated project costs of up to $52,000,000 will be eligible for reimbursement from all eligible
project categories.
Page 11 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
The Market and Economic Study indicated the nature of the intervention and assistance needed to
spur economic growth in different areas of the Zone. The dilapidated golf course has become a burden
to the Pharoah Valley neighborhood and the entire community. Overgrowth of the property led to litter,
animals and even homeless camps, this has negatively impacted home values for the neighborhood.
On top of the dangerous conditions of the property, the
drainage way for Pharoah Valley is currently a creek that has
become congested with debris and invasive vegetation. The
developer has, in recent months, remedied portions of this
issue, but additional resources are required to permanently
resolve this infrastructural failing. This project will improve city
drainage for the area as well as add retention ponds that will
reduce the strain on the 3 drainage culverts under Ennis
Joslin Rd.
TIRZ #6 represents a strategic response to the economic
stagnation and subpar infrastructure currently afflicting the
Figure 7 One of numerous homeless encampments Pharaoh Valley neighborhood and its surroundings. This
'found after land acquisition innovative mechanism presents a much -needed solution, as
these challenges would persist unaddressed by private market forces alone. This sort of public sector
support is also required to comply with the current deed restrictions and PUD zoning ordinance, which
requires significant investment in public infrastructure and market -leading finishes to buildings.
The facilitation of infrastructure enhancements and the stimulation of economic development within
the zone, enabled by TIRZ #6, will pave the way for the realization of Barisi Village. This landmark
development signifies an unmatched community asset, delivering an unparalleled blend of amenities
to residents, while fostering enduring economic prosperity for the participating taxing entities.
The suite of projects driven by TIRZ #6 delivers an array of public benefits:
• improved local drainage systems for efficient water management
• filtration of effluent water for environmental health
• safely illuminated trails, and aesthetic upgrades to the streetscape
• support the establishment of village -style amenities benefitting the broader Coastal Bend community
• Public plaza (required by zoning restrictions) and maintenance
• robust multi -modal transportation network and structured parking required by the site's entitlements
• Increased density from highest -and -best use of critical infill site for additional housing stock
• a public nature preserve
• a golf course
• Landscape and park maintenance, public restroom improvements and maintenance, litter pickup and
street sweeping
• Wayfinding, signage, and lighting
These initiatives will significantly enrich the local living experience. The zone is expected to be one of
a variety of planned funding sources and programs that will be acting in concert to accomplish a
changed public environment in the area. By improving and maintaining public spaces with a high level
of service, plus increasing density through structured parking, the zone and the other programs will
encourage the development of new land uses. The intended result is that Barisi Village will become a
vibrant and economically vital urban waterfront district with a variety of tourist, entertainment,
Page 12 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
residential, retail, and lodging uses that serve the entirety of the Corpus Christi and Coastal Bend
community.
Page 13 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
4. Project Plan
4.1. Existing Uses and Conditions / Boundaries
§311.011(b)(1)
The Zone includes approximately 127 acres wholly within the City of Corpus Christi. Its boundaries
encompass all of the old Pharoah Valley Golf Course. The proposed boundaries and land uses within
the Zone are shown in Figure 10. The existing conditions within the Zone are shown in the aerial photo
in Figure 11 and described generally below. A legal description of the Zone with a specific accounting
for the proposed boundaries is given in Exhibit A. The site is located approximately a mile and a half
from Texas A&M University of Corpus Christi (TAMUCC) and approximately 7 miles from downtown
Corpus Christi and 7 miles from Padre Island. Ennis Joslin is used by TAMUCC students and
professors for their commute to campus as well as daily commute for downtown business and travel
and recreation to Padre Island —this site is along the entry route that drove of TAMUCC current and
prospective students and faculty travel down, making it one of the most viewed empty Tots in town
despite its significant economic headwinds.
Figure 8 Illustrative Bads! Village Project Land Use Plan
Page 14 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Figure 9 Existing Conditions
Corpus Christi is in vital need of more housing options, especially with a centralized location. This
development offers a wide variety of housing. A project like this will give more options for housing and
a location that is more convenient and desirable for a larger market spread.
Pharoah Valley Golf Course failed approximately 12 years ago after years of declining maintenance
and use. This precipitated over a decade of overgrowth and disrepair on the site. Following the
developer's acquisition of the site, the
former club house has been demolished as
well as several of the warehouses and
restrooms on site.
Figure 10 Former tennis facility of Pharaoh Valley Golf Course
Nearby homeowners have been
requesting help for years on the property
and have in many cases needed to
maintain areas like the old tennis courts
themselves so that they can keep using
them. The Developer has since cleaned
the site and mowed the full 127 acres
multiple times.
The City of Corpus Christi shows on their
GIS maps that the creeks that bisect the
site are storm water drainage for the
Pharoah Valley neighborhood. These creeks were, at one time, maintained by the City, but have
recently lacked mowing or cleaning, leading to negative drainage conditions. This also causes
congestion and trash build up in these drainage areas. This proposed project will add more retention
Page 15 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
ponds and drainage solutions for the property and aid the storm water runoff situation from the Pharoah
Valley Neighborhood.
Existing ponds used to be filled by effluent from the nearby water treatment plant. The existing
pipelines are still intact on site. Though currently outside the scope of this Plan, the Developer is also
requesting effluent to keep water levels constant and will help with the water treatment plants need to
offload effluent. The ponds will further increase water quality from the treatment plant and represent a
clear improvement over the current effluent offload into Oso Bay.
4.2. Municipal Ordinances §311.011(b)(2)
The City is not contemplating any specific changes to municipal ordinances as part of any projects to
be undertaken by the Zone.
4.3. City Planned Improvements (Non -Project Costs)
§311.011(b) (3)
Other than those routine maintenance activities undertaken by the city to maintain drainage
channels on the Site, no City planned improvements exist.
4.4. Relocation §311.011(b)(4)
No relocation of existing residents is anticipated to be required as a result of the Zone's projects.
Page 16 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
5. Reinvestment Zone Financing Plan
5.1. Estimated Project Cost Description §311.011(c)(1) and
Kind, Number, and Location of TIRZ improvements
§311.011(c)(2)
The Zone is anticipated to engage in projects that will support the types of development and economic
activity projected in the Market and Economic Feasibility Study (Appendix A) as well as contribute to
the image and attractiveness of Corpus Christi on a local, regional, and national level. In addition, the
Zone will contribute funds to reimburse appropriate parties for the costs of Zone creation and ongoing
administration.
All amounts are shown reflecting the City's, Nueces County's, and Del Mar College's participation in
the zone (which are set forth in Section 5.5.1 herein). Administrative costs shall be reimbursed to the
City at a rate of $100,000.00 per year.
Table 34 Total Anticipated Capital and Administrative Costs
Use
Amount
Public improvements, facilities, and infrastructure
(Q1 2024 dollars)
$50,000,000
Administrative costs
$2,000,000
IAnticipated Capital and Administrative Costs $52,000,000 I
5.1.1.Public Improvements, Facilities, And Infrastructure
The reimbursements of publicly beneficial development costs fronted by the Developer will be
administered by the TIRZ board. Eligible costs include the below costs listed below up to the amount
of $50,000,000 (for the sake of clarity, these costs are separate and apart from the $2,000,000.00
available to the City for administrative costs). Reimbursable publicly beneficial project costs will include
but not be limited to the following capital costs and their associated fees, administrative costs,
professional costs, overhead, general conditions and other soft costs':
Public sewage, storm, and water
$8,870,640
To bolster community resilience and public health, the
Zone invests in essential water management, storm
drainage, sanitary sewer, and water systems. These
works are not only crucial for the well-being of the broader
Required Density Improvements /
Structured Parking
$17,353,650
To make better use of the site's limited space and encourage
density that is critical for village -type developments,
greenspace and walkability, the Zone supports building
1 Soft costs excluded from the figures presented. Estimated approximately 7.5-8% or $4.5M
Page 17 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
community but also mandated by the site's PUD zoning
ordinance.
parking structures instead of surface parking in areas where
parking is limited or poorly distributed. The construction of
these structures is required by the site's PUD zoning
ordinance.
Landscaping Improvements
$1,600,000
To create a more attractive driving and walking experience
on and around the village and encourage economic growth
and development, Zone funds may help with enhancing
landscaping and irrigation throughout the Zone.
Improved Wayfinding, Signage, Lighting
$225,000
The Zone will improve various aspects of the public
pedestrian realm in key locations. Potential projects
could include sidewalks, decorative paving, street
furniture, signs, enhanced crosswalks and pedestrian -
friendly lighting.
Traffic and Street Improvements
$15,886,145
To improve public safety and accessibility, the Zone
prioritizes the development of streets, sidewalks, and
traffic improvements. These are fundamental elements
for enhancing quality of life across the community and
align with the site's PUD zoning requirements.
Park and Fountain Improvements
$890,000
The Zone can help with creating and improving parks and
public spaces to attract more activity, create a sense of
place and enhance the quality of life within the Zone for
economic growth.
Public Restroom Improvements
$125,000
The Zone will ensure adequate public restrooms within
the Zone,
Village -Style Public Plaza and Tower
$1,125,000
The Zone will support the development of a village -style
public plaza with shops, restaurants and public event
space as well as an iconic bell tower structure. This will
create a vibrant and lively destination for social and
cultural activities, as well as stimulate the local economy
and tourism,
Supplemental Public Safety
$675,000
The Zone will help enhance the ambient lighting of the site
and may also seek to support technology upgrades.
Nature Preserve, Walking Trail area
grading and dirt work
$5,431,950
The Zone will support a portion of the costs associated
with the creation of a nature preserve and walking trail.
This will provide a unique recreational and educational
opportunity for residents and visitors, as well as enhance
the natural beauty and biodiversity of the site.
Contingency, Professional Fees, General Conditions, and Soft Costs
$6,627,212
Zone funds will compensate for professional service costs, organizational costs, and other allowable fees applicable
to the improvements detailed herein.
Capital costs are presented at their 2024 value.
Other public infrastructure capital costs, professional service costs, imputed administrative costs, or
other payments made at the discretion of the governing body of the municipality or the county that the
Page 18 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
governing body finds necessary or convenient to the creation of the zone or to the implementation of
the project plans of the zone may be reimbursed at the discretion of the Board of Directors.
5.1.2.Administrative Costs
1. Creation — The Zone will reimburse relevant parties for expenses related to the costs of creating
the Zone.
2. Administration — Zone funds will compensate for the costs of ongoing administration of the
Zone, including but not limited to accounting, legal services, document production and
maintenance, and other administrative costs. These costs are estimated at $100,000 per year for
the 20-year life of the Zone.
5.2. Economic Feasibility Study §311.011(c)(3)
The Local Economic and Tax Impacts of Barisi study by Dr. Jim Lee, of Texas A&M University— Corpus
Christi, is provided in the Appendix.
5.3. Estimate of Bonded Indebtedness §311.011(c)(4)
It is anticipated that the Zone's projects will be funded on a cash -only pay-as-you-go basis. However,
if the resources become available to issue debt, annual Zone revenue and available non -bonded debt
financing are insufficient to address the needs of the Zone, or more preferential financing terms can
be obtained through the issuance of debt, the TIRZ #6 Board may recommend to the Corpus Christi
City Council that it is appropriate to issue TIRZ debt commensurate with the needs of the Zone and
anticipated annual Zone revenues to support debt service payments. The TIRZ is under no obligation
to issue any notes or debt.
5.4. Timing of Incurring Costs or Monetary Obligation
§311.011(c)(5)
The TIRZ will primarily be cash -funded, with reimbursements made to developers as funds become
available. Costs will be incurred over the life of the Zone, guided by the Board's prioritization of
activities and projects as well as revenue availability. While the primary approach is a pay-as-you-go
expenditure model, the option to issue bonded debt remains open. Should circumstances necessitate
or advantageous financing terms become available, the TIRZ #6 Board may recommend to the Corpus
Christi City Council the issuance of TIRZ debt commensurate with Zone needs and anticipated annual
revenues to support debt service payments.
Page 19 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
5.5. Method of Financing and Sources of Revenue
§311.011(c)(6)
5.5.1.Sources of Funds
The primary source of funds for the Zone is expected to be funds from the contributed property tax
collections of the City, County, and Del Mar College. The participation from the City, County, and Del
Mar College shall equal an amount not to exceed $52,000,000 is shown below:
City of Corpus Chrkst Participation
Tax Years 2025-2033
95%
Tax Year 2034
Tax Year 2035
Tax Year 203-6
7
Tax Year 2037
Tax Year 203-8
Tax Year 2039
40%
Tax Year 2040
Tax Year 2041
20%
lax Year 2042
15%
Tax Year 2043
10%
Tax Year 2044
5%
Nueces County Participation
Tax Years 2025-2033
95%
Tax Year 2034
. • ,
lax Year 2035
Tax Year 2036
70%
Tax Year 2037
Tax Year 2038
Tax Year 2039
40%
lax Year 2040
Tax Year 2041
20%
Tax Year 2042
15%
Tax Year 2043
10%
Tax Year 2044
5%
0e1 Ma r Co3ege Participation
Tax Years 2025-2033
..• ,
Tax Year 2034
• 6'
Tax Year 2035
Tax Year 2036
Tax Year 2037
Tax Year 2038
Tax Year 2039
Tax Year 2040
TaxYear 2041
Tax Year 2042
Tax Year 2043
Tax Year 2044
Page 20 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
The participation from each of the taxing entities shall not exceed the following amounts (which, for
the sake of clarity, shall be used for both capital and administrative costs as set forth in Table 4 above):
• City of Corpus Christi: $32,000,000.00
• Nueces County: $13,000,000.00
• Del Mar College: $7,000,000.00
5.5.2.Sources of Revenue
The assessed value base year for the City of Corpus Christi, Nueces County, and Del Mar College will
be tax year 2024. Based upon 2023 tax rates for each jurisdiction, the projection of incremental
property tax revenue contributed to the Zone is as follows:
TaxYear Fkcal Year
Valuos
2025
2026
$11,164,376
2018
2027
$89,649,939
2027
2028
5150,790,289
2028
2029
$234,782,618
2029
2030
$292,714,277
2030
2031
$349,874,805
2031
2032
$399,953,949
2032
2033
$460,331,668
2033
2034
$513,724,518
2034
2035
$577,515,353
2035
2036
$613,586,814
2036
2037
$631,994,418
2037
2038
$657,051,851
2038
2039
$676,763,406
2039
2040
$697,066,308
2040
2041
$717,978,298
2041
2042
$739,517,647
2042
2043
$761,703,176
2043
2044
$784,554,271
2044
2045
$808,090,899
100% Tex Revenue
City
County
Del Mar
$65,622
$25,975
$25,931
$526,943
$208,582
$208,223
$888313
$350,833
$350,228
$1,380,002
$516,252
$545,311
$1,720,512
$681,037
$679,864
$2,056,489
$814,028
$812,626
$2,350,843
$930,544
$928,941
$2,705,731
$1,071,020
$1,069,175
$3,019,562
$1,195,246
$1,193,187
$3,394,511
$1,343,663
$1,341,348
$3,606,531
$1,427,588
$1,425,129
$3,714,127
$1,470,416
$1,467,833
$3,862,010
$1,528,715
$1,526,082
$3,911,870
$1,574,571
$1,571,864
$4,097,206
$1,621,814
$1,619,020
$4,220,122
$1,670,468
$4,346,726
$1,720,582
$1,667,590
$1,717,618
$4,477,128
$1,772,200
$1,769,147
$4,611,441
$1,825,366
$1,822,221
$4,749,785
$1,880,127
$1,876,888
$59,1/0,074
$23,659,033
$23,618,275
Contributed Inc( ment
Ciry
County
Del Mar
$62,341
$24,677
$23,338
$500,596
$198,153
$187,400
$841,997
$333,291
$315,206
$1,311,002
$518,939
$490,780
$1,634,486
S616,985
$611,878
$1,953,665
$113,327
$731,363
$2,233,301
$884,017
$836,047
$2,570,444
$1,017,469
$962,258
$2,868,584
$1,135,483
$1,073,868
$3,055,060
01,209297
$1,207,214
$2,885,225
$1,142,071
$2,600,309
$1,029,291
$0
$0
$2,317,206
$917,229
$0
$1,988,935
$187,288
S0
$1,638,882
$1,266,037
$648,726
$0
$501,140
$0
$869,345
$344,116
$0
$611,569
$265,830
$0
$461,144
$237,489
$182,537
$0
$94,006
$0
531,967,618
$12,653,873
$6,439,350
Page 21 of 60
Non.Conlribuled Increment
City
County
Del Mar
$3,281
$26,347
$1,299
$2,593
$10,429
$20,822
$44,316
$17,542
$35,023
$69,003
$27,313
$54,531
$86,026
$34,052
$67,986
$102,824
$40,701
$81,263
$111,542
$46,527
$92,894
$135,287
$53,551
$106,918
$150,978
$59,762
$119,319
$339,451
$134,366
$134,135
$721,306
$285,518
$1,425,129
$1,114,418
$441,125
$1,467,883
$1,544,804
$611,486
$1,526,082
$1,968,935
$787,288
$1,571,864
$2,458,324
$973,088
$1,619,020
$2,954,086
$1,169,328
$1,667,590
$3,477,381
$1,376,466
$1,717,618
$3,805,559
$1,506,370
$1,769,147
$4,150,297
$1,642,829
$1,822,221
$4,512,295
$1,786,120
$1,876,
II I
$27,802/S7
$11,005,160
$17,178,924
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
These revenue projections assume a 98% tax collection rate.
5.5.3.Method of Financing
All project costs will be paid using funds derived as herein described. While this is a developer -
initiated TIRZ, one or more developer agreements may be entered into to accommodate the different
phases or components of the Barisi Village development. Each of these agreements will define the
projects eligible for TIRZ funding.
Payments are anticipated to be made on an annual basis for each agreement but may occur more
frequently as conditions warrant. The allocation of these payments will be at the developer's
discretion, consistent with the priorities and obligations set forth in the respective developer
agreements. These priorities will primarily focus on stimulating economic development within the
Zone and enhancing essential public infrastructure.
5.6. Current Appraised Value §311.011(c)(7)
According to the Nueces County Appraisal District, the 2023 certified taxable appraised value for the
Zone is $1,270,541 for the City of Corpus Christi, $1,270,541 for Nueces County, and $1,270,541 for
Del Mar College. This appraisal value yielded tax revenues of $7,620.38to the City of Corpus Christi,
$3,016.41 to Nueces County, and $3,011.21 to Del Mar Jr College. Tax year 2024 values will be used
as the base values.
5.7. Estimated Captured Appraised Value §311.011(c)(8)
The Table provides the projected schedule of taxable value increment captured by the Zone over its
proposed 20-year duration. Captured value projections assume a 3.0% annual value appreciation rate
for existing development.
Tax Year FlscalYear
Values
2025
2026
2026
2027
2027
2028
2028
2029
2029
2030
2030
2031
2031
2032
2032
2033
2033
2034
2034
2035
2035
2038
2036
2031
2037
2038
2038
2039
2039
2040
2040
2041
2041
2042
2042
2043
2043
2044
$11,164,376
$89,649,939
$158,790,289
$234,782,618
$292,714211
$349,874,805
$399,953,949
$460,331,668
$513,724,518
$577,515153
1613,588,814
1631,994,418
$657,051,851
1616,763,406
$697,066,308
$117,918298
$139,511,647
$161,103,116
1784,554271
100%Tax Mono
City County Del Mar
$65,622
$528,943
$ ,313
$1,380,002
$1,720,512
$25,975
$25,931
$208,582
$208,223
$350,833
$350,228
$546,252
$545,311
$681,037
$679,864
$2,056,489
$814,028
$812,626
$2,350,843
$2,705,731
$3,019,562
$3,394,511
$930,544
$928,941
$1,071,020
$1,069,115
$1,195,246
$1,193,187
$1,343,663
$1,341,348
$3,606,531
$3,714,727
$3,862,010
$3,977,870
$4,097,206
$1,427,588
$1,425,129
$1,470,416
$1,528,115
$1,467,883
S1,526,082
$1,514,517
$1,571,864
$1,621,614
$1,619,020
$4,220,12
$4,346,728
$1,610,468
$1,667,590
$1,720,582
$1,477,128
$4,611,441
11,772,200
$1,717,618
$1,769,147
11,825,366
$1,822,221
Conti/tiled [foment
City County Del Mar
$62,341
$500,596
$24,671
$23,338
$198,153
$187,400
$941,991
$333,291
$315,206
$1,311,002
$518,939
51,634,486
1648,985
$490,780
$611,878
11,953,665
$2,233,301
$173,327
$884,01/
$731,363
$836,047
12,570,444
$1,017,469
$2,888,584
$1,135,483
$962,258
$1,073,
;„
$3,055,060
$1209,297
$1,207,214
$2,885,225
$2,600,309
$1,142,671
$0
$1,029,291
$0
$2,317,206
$917,229
so
$1,988,935
$787,288
$1,638,882
$648,726
$0
$0
$1266,037
$501,140
$0
1869,345
$344,116
$0
$671,569
$265,830
$461,144
$182,537
$0
$0
Non tontrfiuled Increment
City County Del Mar
$3,281
$1,299
$2,593
$26,347
$10,429
$20,822
$14,316
$17,542
$35,023
$69,000
$86,026
$27,313
$54,531
$34,052
$67,988
$102,824
$111,542
$40,101
$81,263
$46,527
$92,894
$135287
$150,978
$53,551
$106,918
$59,762
$119,319
$339,451
$134,366
$721,306
$285,518
$134,135
$1,425,129
$1,114,418
$441,125
$1,467,883
$1,544,804
$1,988,935
$2,458,324
$611,486
$1,526,082
$787,288
$973,088
$1,571,864
S1,619,020
$2,954,086
$3,411,381
$1,169,328
$1,667,590
11,376,466
$3,805,559
$1,506,370
$4,150,297
$1,642,829
$1,717,618
$1,769,147
$1,822,221
2044
2045
$; i ;,090,899
$4,749,785
$1,880,121
$1,816,
$237,489
$94,006
$0
$4,512,95
11,788,120
$1,876,
$59,770,014 523,659,033 $23,618,215 $31,967,618 $12,653,873 $6,439,350 127,802,457 $11,005,160 $11,178,924
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
6. Appendices
6.1. ppenoHps A
Market and Economic Feasibility Study
"0r000000
0000000:
Local Economic and Tax Impacts of
Barisi Village
Page 23 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
Executive Summary
Barisi Village is a mixed -use redevelopment protect on the former Pharaoh Valley
golf course property in Corpus Christi. The project site is expected to offer a
diverse blend of high -end living options, along with a hotel and dining,
recreational and shopping venues. This report summarizes the local economic
impacts of developing Barisi Village in the City of Corpus Christi.
Construction
Including indirect Impacts that capture increased activity in local supply chains,
Barisi Village's entire construction project (phases 1 to 6) is expected to generate
2,597 jobs (direct and indirect employment) in the city of Corpus Christi.
The following displays two alternative measures of the total economic impacts
(direct, indirect, and induced impacts) on Corpus Christi during its construction
phase:
Total Impacts from Construction
Employment (FTE job -years)
Economic Impact (sales)
5,648 Jobs
$827.3 million
Operations and Maintenance
Including indirect impacts, the operations of all businesses and residential units
in Barisi Village are expected to create 895 permanent jobs (direct and indirect
employment) in the city of Corpus Christi.
The following displays two alternative measures of total permanent (annual)
economic impacts on Corpus Christi as a result of the operations and
maintenance of all businesses and residential units in Barisi Village:
Total Impacts from Operations and Maintenance
Employment (FTE jobs)
Economic Impact (sales)
1,111 jobs
$127.9 million
The businesses in Barisi Village, including its food and drinking places, retail
shops and a hotel, are projected to collectively generate approximately $415,000
in sales and hotel occupancy tax revenues per year for local taxing entities in the
city of Corpus Christi.
Page 24 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
Introduction
Barisi Village is a mixed -use redevelopment project on the former Pharaoh Valley
golf course property in Corpus Christi. The Barisi Village project consists of six
phases to be developed on a land property of 126.561 acres (see map below).
The project site is expected to offer a diverse blend of high -end living options,
along with a hotel, dining, recreational and shopping venues.
Map of Bails' Village, Phases 1 to 6
• r,Mifil". `+1eCaibl(*Ihrr+IiuktI4 1 mar
re '
: r■ _� .■ nat, � . � ■ nlxi iF - It'
�A,
r ;it!
.
Phano
1111, 4 ell al%
II i I .
This report summarizes the projected local economic impacts of Barisi Village
during its construction phase and its permanent operations. The study is
commissioned by Blackard Companies, the developer of Barisi Village.
Regional economic Impacts are measured alternatively by the number of full-
time -equivalent (FTE) Jobs (employment Impacts) and gross business sales or
revenues (economic impacts) created in the city of Corpus Christi during the
project's construction phase and the permanent operations of all businesses in
Barisi Village. The less tangible benefits to Barisi Village's neighborhood and its
broader community's quality of life are, however, beyond the scope of this
report.
Page 25 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
Methodology
• Total economic Impact estimates for the construction of the proposed
Barisi Village in the Pharaoh Valley district of Corpus Christi are computed
using details in the site plan provided by the developer. The construction
project consists of six phases,
• The following diagram describes the flow of economic impacts associated
with the Barisi Village project site:
Schematic Diagram of Local Economic Impacts
Barisi Village
Business Revenues
Direc Impacts
•
Indirect mpacts
Induced Impacts
• The total economic impacts of the proposed Barisi Village mixed -use
community and business developments include direct, indirect, and
induced impacts. Quantitative measures of employment and total
economic output/sales using the IMPLAN model customized for the city of
Corpus Christi.
• The direct impact is the first round of changes in the industries directly
involved in the Barisi Village project. In addition to direct employment and
business activity related to the construction and operation of the project
Page 26 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village local Economic impacts
site, direct effects in local industries result in ripple effects in those
Industries' supply chains. Indirect impacts occur when local business
vendors benefit from the construction activities and operation of the
project site, such as grocery and other supplies for restaurants and retail
stores, and professional services for the onsite management staff. These
impacts represent spinoff effects from multiple rounds of supply chains
that are required to support Bads( Village's construction and operation.
• Induced Impacts are generated initially by the earnings and thus spending
of the project site's direct and indirect employees on local goods and
services. Following multiple rounds of spinoff effects, these impacts are
spread across nearly all sectors of the regional economy. Estimates for the
Indirect and induced impacts are generated using IMPIAN's multiplier data
for the city of Corpus Christi.
• The table on the next page summarizes the planned property
developments provided by the developer. Developments over the Barisl
Village's six phases are broadly classified as residential, commercial, and
other types of infrastructural improvements. The plan also includes the
construction of a hotel and other business venues within Barisi Village by
other developers.
• Developments for residential units include the construction of single-family
and multi -family units, townhomes, and senior housing for independent
and assisted living. In addition to residential units, Barisl Village includes a
variety of business venues, such as restaurants, retail shops, event space,
and one hotel.
• Other than the building structures, the construction plan includes one
parking garage and other covered areas along with open parking spaces in
each of the six construction phases. Also, the plan includes the
construction of a wide variety of amenities for recreational activities, such
as canal boardwalks and lazy rivers, two tennis courts, eight pickieball
courts, a golf course and putting green, walking trails and public parks.
• In total, the Bark( Village project consists of an estimated total of 5.5
million square feet of property improvements in buildings and
infrastructure. Out of the entire 126.6-acre project site, an estimated total
of 53.4 acres (2.3 million sq. ft.) are dedicated to recreational activities,
such as a golf course, tennis and pickleball courts, and parks and trails.
Page 27 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
Balls' Village (Phases 1 to 6) Site Plan Summary
Units Total Area (sqft.)
Residential
Multifamily 1,263 1,576,130
Townhomes 175 283,103
Single Family 65 105,153
Independent Living 250 279,613
Assisted Living 200 223,690
Residential Total 1,953 2,467,689
Commercial
Cafe 1 600
Restaurant 3 11,600
Event Space 1 4,000
Leasing Office 1 4,800
Retail 5 59,800
Boutique Shop 1 400
Commercial Total 12 81,200
Other Improvements
Parking Garage 400 72,000
Covered Area 1,800 324,000
Surface Parking 1,255 225,900
Recreational Land 2,326,258
Other Total 3,455 2,948,158
Hotel
Building
Parking
Hotel Total
1
35
6,500
9,450
15,950
Barisi Village Total 5,512,977
Page 28 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisl Village Local Economic Impacts
Economic Impacts of Construction
• Based on the site plan for developing the six construction phases of Barisl
Village outlined in the previous section, the following table displays
estimates of the local economic impacts (direct, indirect, and induced
impacts) during the construction phase:
Construction Impacts
Employment (Job -years)
Output/Sales (mil)
Direct Indirect Direct & Induced
Indirect
2,502 96 2,597 549
$374.1 $13.8 $387.9 $65.3
Total
5,648
$827.3
• The Balls! Village project's six construction phases are expected to
generate a direct local economic impact of $374.1 million and 2,502 local
full-time equivalent (FTE) job -years in the construction and engineering
industries. As for most construction projects, the employment impacts are
expressed in Job -years in the sense that the numbers represent one year of
employment rather than a permanent basis.
• including Indirect impacts on local supply chains associated with the
construction of the industrial site, the local economic impact is $387.9
million and 2,597 Jobs. The total economic impacts that also include the
induced effects on the rest of the regional economy are estimated to be
$827.3 million and 5,648 jobs during the entire construction phase.
Page 29 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisl Village Local Economic Impacts
Economic Impacts of Operations and Maintenance
The following table presents estimates for the direct, Indirect, and Induced
impacts of the operations and maintenance of all businesses and
residential units In Barisi Village:
Permanent Employment Impacts of Barisi Village, FTE Jobs
Direct
Indirect
Direct/Indirect
Induced
Total
Residential Commercial Recreational
482 323 15
67 7 1
549 330 16
173 40 3
722 370 19
Total
819
75
895
217
1,111
• The Barisl Village, including all Its businesses, Is expected to be operated
with 819 full-time direct employees onsite. An estimated total of 482 FTE
positions will serve the residents of the 1,953 residential units. Other
businesses, such as restaurants and a hotel, will be operated with an
estimated total of 323 employees. A staff of 15 FTEs (e.g., groundcrews) Is
also expected to operate the recreational facilities onsite.
• The operation of the businesses and residential units in Barisi Village is
expected to generate an Indirect employment impact of 75 jobs. Including
those Indirect jobs, Barisi Village is expected to create 895 FTE positions
(direct and indirect) in Corpus Christi.
■ The induced Impact, which represents the spinoff effects on the rest of the
local economy, is projected to be equivalent to 217 jobs. including the
induced impact, Barisi Village's total employment impact equals 1,111
permanent jobs.
Page 30 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
• The following table displays estimates for the permanent direct, indirect,
and Induced Impacts of Barisi Village in current dollar terms:
Annual Economic Impacts of Barisi Village, 2023 Million Dollars
Direct
Indirect
Direct/Indirect
Induced
Total
Residential Commercial Recreational
$81.8 $18.5 $0.95
$6.3 $0.9 $0.07
$88.1 $19.4 $1.03
$14.4 $4.8 $0.17
$102.5 $24.3 $1.19
Total
$101.3
$7.3
$108.5
$19.4
$127.9
• The wide variety of business activities in Barisi Village, including the
operation of residential units, is expected to generate a direct economic
impact of $101.3 million annually (2023 dollars). The operation of those
businesses is also expected to be supported by local businesses with $7.3
million in revenues (indirect impact).
■ The induced impact on the rest of Corpus Christi is an estimated $19.4
million annually. The permanent local economic Impact of Barisi Village's
business operations and maintenance, including indirect and induced
effects, is an estimated $127.9 million each year.
Page 31 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Barisi Village Local Economic Impacts
Local Taxes from Operations
• Business development in Barisi Village will generate a variety of tax
revenues, including sales, income (franchise tax), and property taxes. This
section presents projections for the local tax impact of the businesses
within Barisl Village. The cafe, restaurant and retail shops will generate
sales taxes from their operations. Its hotel will generate local Hotel
Occupancy Tax (HOT) revenues from Its room sales in addition to sales
taxes from other services, such as the supply of food and beverages to
hotel guests.
■ The following table shows the local tax impacts of the cafe, restaurant, and
retail shops:
Annual Local Tax Impacts of Barisi Restaurants and Retail Shops, 2023 Dollars
Caf€ & Restaurant
Retail Shops
Total
Gross Sales
$1,332,398
$9,431,333
$10,763,731
City Tax
$26,648
$188,627
$215,275
• The following table shows the local tax Impacts of the hotel:
Room Revenues
Other Revenues
Total
Revenues
$1,957,313
$1,165,429
$3,122,741
HOT Sales Tax Total
Taxes
$176,158 $176,158
$23,309 $23,309
$199,467
The annual room revenue of approximately $1.96 million is derived from
applying the local average room occupancy rate of 65% at the current
room rate of $125 per night for a mid -size hotel in Corpus Christi. The
estimated room revenue Is expected to generate more than $176,000
annually for the city's portion of Hotel Occupancy Tax (9% of the total
15%tax rate). Other than room revenues, the hotel will generate
another $1.1 million annually in other revenues, such as the provision of
food and beverages and catering services. The revenues subject to sales
taxes are protected to generate more than $23,000 in local sales tax
revenues.
' In total, the operations of businesses in Barisi Village are protected to
collectively generate $414,741 In local tax revenues annually.
Page 32 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
6.2. Appendix -J Projection of New Development and
Taxable Assessed Value
Page 33 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
6.3. Appendix C — (Estimated Non -Financing Costs
The cost estimates, maps, renderings, and site plans contained in this appendix are for illustrative
purposes only and are subject to change. Any reliance on these materials should acknowledge their
preliminary nature and the possibility of adjustments in the future.
OPINION OF PROBABLE CONSTRUCTION COST
Prepared By:
• \ '[ STFALI_
Contact: Michael Weatfett, PE
(214) 046.9397
Client:
BV Blackard Corpus Land LLC
0390 Lyndon B Johnson Freeway, Suite 666
Dallas, TX 75243
Project:Oarlsl Village Phase 1
Dato Prepared: 7112123
Project Number: 23010001
GRADING
Description
Quantity
Unit
Cost/Unit
Total
Earthwork CuUFlll
36,000
CY
$ 15.00
$ 626,000.00
Import from Future Phase
7,000
CY
$ 16.00
$ 105,000.00
Retaining Wall Around Pond
-
FF
$ 60.00
$ -
Loke Pump
-
LS
$ 50,000.00
$ -
$ 630,000.00
ONSITE PAVING AND WALLS
Description
Quantity
Unit
Cost/Unit
Total
Drainage Infrastructure
17,320
FF
$ 60.00
$ 866,000.00
Fire Lane Pavement
0,200
SY
$ 96.75
$ 001,06,1.00
Parking Lot Pavement
4,337
SY
$ 85,00
$ 360,045.00
Concrete Sidewalk
14,700
SF
$ 8.00
$ 117,600.00
Pedestrian Bridge
910
SF
$ 500.00
$ 455,000.00
Traffic Barrier al South Entrance
1,000
LF
$ 75.00
$ 76,000.00
$ 2,604,109.00
OFFSITE WORK
Description
Quantity
Unit
Cost/Unit
Total
Oflslle Turn Lane
3
LS
$ 100,000.00
$ 300,000.00
Traffic Signal
1
LS
$ 600,000,00
$ 500,000,00
8' Wide Carl Path 1 Trail
100,496
SF
$ 0.00
$ 003,968.00
$ 1,603,968,00
Page 34 of 60
Tax Increment Reinvestment Zone 116
Preliminary Project & Financing Plan
STORM DRAINAGE
Descrlptlon
Quantity
Unit
Cost / Unit
Total
10" RCP
1,400
LF
$ 175.00
$ 245,000.00
24" RCP
400
LF
$ 200.00
$ 00,000.00
30" RCP
400
LF
$ 226.00
$ 90,000.00
36" RCP
100
LF
$ 250.00
$ 25,000,00
40" RCP
500
LF
$ 275.00
$ 137,500,00
Curb Inlet
19
EA
$ 10,000,00
$ 190,000.00
Grate Inlet
2
EA
$ 5,000,00
$ 10,000.00
Outfell Structure
1
EA
$ 76,000.00
$ 75,000,00
Manhole
6
EA
$ 10,000,00
$ 60,000.00
$ 912,500,00
SANITARY SEWER
Description
Quantity
Unit
Cost / Unit
Total
15" Sower Lino
2,200
LF
$ 100,00
$ 220,000.00
12" Sewer Line
1,000
LF
$ 90.00
$ 162,000,00
8" Sewer Line
400
LF
$ 76.00
$ 30,000.00
6' Die. MH
1
EA
$ 20,000.00
$ 20,000.00
4' Dia. MH
20
EA
$ 15,000.00
$ 300,000,00
$ 732,000.00
WATER
Description
Quantity
Unit
Cost/Unit
Total
12" Water Line
3,100
LF
$ 100,00
$ 310,000.00
8" Water Line
300
LF
$ 90.00
$ 27,000.00
Fire Hydanls
11
EA
$ 6,000.00
$ 56,000.00
$ 392,000.00
Phasel Page 2of4
Page 35 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
SUMMARY OF CAPITAL CIVIL COSTS
Description
Total
GRADING
$ 830,000.00
ON•SITE PAVING AND WALLS
$ • 2,604,109.00
OFF -SITE WORK
$ 1,603,988.00
STORM DRAINAGE
$ 912,600.00
SANITARY SEWER
$ 732,000,00
WATER
$ 392,000.00
SUBTOTAL
SOFTCOSTS (ENG. SURVEY. GEOTECH) 7,5%
TOTAL
$ 6,954,577,00
$ 521,593,26
$ 7,476,170,20
NOTES
Since Weslfall Engineering, PLLC has no control over the cost of labor, materials, equipment, or services furnished by
others, or over methods of dolennining price, or ovor compolllivo bidding or market condlllons, any and all opinions as
to the cost herein, Including but not limited to opinions as to the cost of construction materials, shall he made on the
bests of experience and best available data. Weslfall Engineering, PLLC cannot and does not guarantee that
proposals, blds, or actual costs will not vary from the opinions on costs shown herein. Review all notes and
assumptions. Weslfall Engineering, PLLC has not prepared fully onglnearod construction drawings for this site,
therefore, the final quantities are subject to change. Additionally, the final construction plans could change significantly
(A) CAPITAL COSTS- STRUCTURES
Description
Quantity
Unit
Cost/Unit
Total
Garage
180
SP
$ 13,600.00
$ 4,160,000.00
Boll Tower
1
EA
$ 760,000.00
$ 760,000.00
Plaza Area
1
EA
$ 376,000.00
$ 376,000.00
Reslroom Facilities (Public)
1
EA
$ 126,000.00
$ 125,000,00
Contractor Fee/OH/Gan Cond.
14
%
$ 6,410,000.00
$ 757,400,00
$ 0,167,400,00
(A) CAPITAL COSTS- SITE AMENITIES
Description
Quantity
Unit
Cost/Unit
Total
Site Lighting
1
EA
$ 126,000.00
$ 126,000,00
Landscaping (incl. Buffer Zones)
1
EA
$ 600,000.00
$ 600,000,00
Site Furnishings ((reach recap„ benches, etc.)
1
EA
$ 40,000,00
$ 40,000.00
Slgnage & Wayllnding
1
EA
$ 46,000.00
$ 46,000.00
Contractor Fee/OI-UGen Cond.
14
%
$ 710,000.00
$ 99,400,00
$ 809,400,00
'(B) FINANCING COSTS
Description
Quantity
Unit
Cost/Unit
Total
(D) PROFESSIONAL SERVICES
Description
Quantity
Unit
Cost/Unit
Total
Civil (Captured In OPC)
-
EA
$ -
$ -
Phase 1
Page 3of4
Page 36 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Architectural
1
EA
$ 150,000.00
$ 160,000,00
Structural
1
EA
$ 60,000,00
$ 50,000.00
MEP
1
EA
$ 80,000.00
$ 80,000,00
$ 280,000.00
(F) ORGANIZATIONAL COSTS
Description
Quantity
Unit
Cost/Unit
Total
Environmental Studies -Wetlands
1
EA
$ 10,000.00
$ 10,000.00
Environmental Studies- ESA
1
EA
$ 10,000.00
$ 10,000.00
Traffic Impact Study
1
EA
$ 15,000,00
$ 16,000.00
Geotechnieal Study (Captured in OPC)
-
EA
$ -
$ -
Surveys (Captured In OPC)
-
EA
$ -
$ -
SUMMARY OF COSTS
Desoription
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 7,476,170,28
(A) CAPITAL COSTS -STRUCTURES
$ 6,167,400.00
(A) CAPITAL COSTS- SITE AMENITIES
$ 809,400,00
(B) FINANCING COSTS
$
(0) PROFESSIONAL SERVICES
$ 280,000.00
(F) ORGANIZATIONAL COSTS
$ 36,000.00
SUBTOTAL
$ 14,767,970,28
CONTINGENCY (5%)
$ 738,398,61
TOTAL
$ 16,606,368,79
Phase 1 Page of 4
Page 37 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
OPINION OF PROBABLE CONSTRUCTION COST
Prepared By:
•UJjE-• WESTFALL
Contact: Michael Wostfall, PE
(214) 046.9397
Client:
BV Blackard Corpus Land LLC
8390 Lyndon B Johnson Freeway, Suite 665
Dallas, TX 76243
Protect: Dads' Village Phase 2
Date Prepared: 7/12123
Project Number: 23010001
GRADING
Description
Quantity
Unit
Cost/Unit
Total
EadhworkCut/Flll
234,130
CY
$ 16.00
$ 3,611,960.00
Export did to Phase 3, 4, and 6
128,000
CY
$ 16,00
$ 1,920,000.00
$ 5,431,960.00
ONSITE PAVING AND WALLS
Description
Quantity
Unit
Cost/Unit
Total
Drainage Infrastructure
22,360
FF
$ 60.00
$ 1,110,000.00
Fire Lane Pavement
16,943
SY
$ 96.76
$ 1,639,236.26
Parking Lot Pavement
3,437
SY
$ 06.00
$ 292,146.00
Concrete Sidewalk
33,793
SF
$ 0.00
$ 270,344.00
Pedestdan Bridge
1,200
SF
$ 260.00
$ 300,000.00
3,619,724.2
Page l of 4
Page 38 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
STORM DRAINAGE
Description
Quantity
Unit
Cost/Unit
Total
18" RCP
966
LF
$ 176,00
$ 180,076.00
24" RCP
649
LF
$ 200,00
$ 120,800.00
30' RCP
211
LF
$ 226.00
$ 47,475.00
36' RCP
340
LF
$ 260.00
$ 07,000.00
42' RCP
274
LF
$ 276.00
$ 76,360.00
6' X 3' RCB
165
LF
$ 600.00
$ 02,600.00
Curb Inlet
20
EA
$ 10,000.00
$ 200,000,00
Grate Inlet
2
EA
$ 5,000.00
$ 10,000,00
Oulfall Slrucluta
1
EA
$ 10,000.00
$ 10,000.00
TxDot PW Headwall
2
EA
$ 60,000.00
$ 100,000,00
Manhole
3
EA
$ 10,000.00
$ 30,000.00
$
941,000.00
SANITARY SEWER
Description
Quantity
Unit
Cost/Unit
Total
16"Sewer Line
310
LF
$ 100.00
$ 31,000.00
12" Sewer Line
664
LF
$ 90.00
$ 69,760.00
0" Sewer Lino
010
LF
$ 76.00
$ 81,360.00
4' Dia. MH
19
EA
$ 16,000.00
$ 205,000.00
$ 437,110.00
WATER
Description
Quantity
Unit
Cost/Unit
Total
12" Water Line
3,074
LF
$ 100.00
$ 307,400.00
8"Water Line
932
LF
$ 90.00
$ 83,880,00
Fire Hydants
11
EA
$ 6,000.00
$ 65,000.00
Page2of4
Page 39 of 60
$
446,280.00
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
SUMMARY OF CAPITAL CIVIL COSTS
Description
Total
POND WORK AND MASS GRADING
$ 6,431,060.00
ON -SITE PAVING AND WALLS
$ 3,019,724,26
OFF -SITE WORK
STORM DRAINAGE
$ 941,000.00
SANITARY SEWER
$ 437,110.00
WATER
$ 440,200.00
SUBTOTAL
SOFTCOST3 (ENG. SURVEY. GEOTECH) 7.5%
TOTAL
$ 10,870,084.25
$ 615,704.62
$ 11,891,769.07
NOTES
Since Weslfall Engineering, PLLC has no control overlho coal of labor, materials, equipment, or services furnished by
others, or over methods of determining price, or over competitive bidding or market conditions, any end all opinions as to
the cost herein, Including but not limited to opinions as to the coat of construction materials, shall be made on tho basis of
experience and best avallablo data. Weslfall Engineering, PLLC cannot end does not guarantee that proposals, bids, or
actual costs will not vary from the opinions on costs shown horeln, Revlow all notes and assumptions. Weslfall
Englnooring, PLLC has not proparod fully onginoarod conetruotlon drawings for this site, therefore, the final quantities are
subject to change. Additionally, tho final construction plans could change significantly Through the City review, and platting
(A) CAPITAL COSTS. STRUCTURES
Description
Quantity
Unit
Cost/Unit
Total
Garage
126
SP
$ 13,500,00
$ 3,087,600.00
Contractor Foe/OHIGen Cond.
14
%
$ 3,607,500,00
$ 516,260,00
$ 4,203,760.00
(A) CAPITAL COSTS. SITE AMENITIES
Description
Quantity
Unit
Cost/Unit
Total
Silo Lighting
1
EA
$ 126,000.00
$ 126,000,00
Sport Courts
1
EA
$ 890,000.00
$ 690,000,00
Landscaping (Inc!, Buffer Zones)
1
EA
$ 500,000,00
$ 500,000.00
Site Furnishings (beach recap., benchos, eto,)
1
EA
$ 40,000.00
$ 40,000.00
Slgnago & Wayfinding
1
EA
$ 46,000.00
$ 46,000.00
Contractor Fee/OH/Gen Cond.
14
%
$ 1,400,000,00
$ 198,000.00
$ 1,598,000.00
(B) FINANCING COSTS
Description
Quantity
Unit
Cost/Unit
Total
(0) PROFESSIONAL SERVICES
Description
Quantity
Unit
Cost/Unit
Total
Civil (Caplurod In OPC)
•
EA
$ -
$ -
Archlteclural
1
EA
$ 60,000.00
$ 60,000.00
Structural
1
EA
$ 60,000.00
$ 60,000.00
MEP
1
EA
$ 40,000,00
$ 40,000.00
$ 140,000.00
Page 3 of 4
Page 40 of 60
Tax Increment Reinvestment Zone #6
Preliminary Protect & Financing Plan
trj 1,1110471.1111.4.1 nvilena.:vv...
Description
quantity
Unit
Cost/Unit
Total
Traffic Impact Study
1
EA
$ 12,000.00
$ 12,000.00
Geotechnloal Study (Captured In OPC)
-
EA
$ -
$ -
Surveys (Captured In OPC)
-
EA
$ -
$
$ 12,000.00
SUMMARY OF COSTS
Descrlptlon
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 11,691,769.07
(A) CAPITAL COSTS- STRUCTURES
$ 4,203,760,00
(A) CAPITAL COSTS- SITE AMENITIES
$ 1,696,000.00
(B) FINANCING COSTS
$ -
(D) PROFESSIONAL SERVICES
$ 140,000,00
(F) ORGANIZATIONAL COSTS
$ 12,000.00
SUBTOTAL
$ 17,643,619.07
CONTINGENCY (6%)
$ 882,176.96
TOTAL
$ 18,625,695.02
Page4 of 4
Page 41 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
OPINION OF PROBABLE CONSTRUCTION COST
Prepared By:
IU�L VVESTF( LL
Contact: Michael Wosirall, PE
(214) 846.9397
Client:
BV Blackard Corpus Land LLC
8390 Lyndon B Johnson Freeway, Suite 666
Dallas, TX 75243
Project: Boris; Village Phase 3
Dote Prepared: 7112123
Project Number: 23010001
GRADING
Description
Earthwork CuUFIII
Quantity
64,000
Unit
CY
Cost / Unit
$ 16.00
Total
$ 810,000.00
$ 010,000.00
ONSITE PAVING AND WALLS
Description
Quantity
Unit
Cost/Unit
Total
Drainage Infrastructure
32,879
FF
$ 60.00
$ 1,643,950.00
Fire Lane Pavement
7,292
SY
$ 96.00
$ 700,032.00
Concrete Sidewalk
34,762
SF
$ 8.00
$ 278,098.00
$ 2,022,078.00
STORM DRAINAGE
Description
Quantity
Unit
Cost/Unit
Total
10" RCP
327
LF
$ 176.00
$ 67,226.00
24" RCP
273
LF
$ 200,00
$ 64,600.00
30" RCP
114
LF
$ 226.00
$ 26,660.00
6' X 3' RCB
129
LF
$ 600.00
$ 64,600.00
Curb Inlet
12
EA
$ 10,000.00
$ 120,000,00
Concrete Headwall
1
EA
$ 7,600.00
$ 7,600.00
TxDot PW Headwall
2
EA
$ 60,000,00
$ 100,000.00
Manhole
3
EA
$ 10,000,00
$ 30,000.00
469,476.00
Page 1 of 3
Page 42 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
SANITARY SEWER
Description
Quantity
Unit
Cost/Unit
Total
15" Sewer Line
1,278
LF
$ 100.00
$ 127,800,00
0" Sewer Line
910
LF
$ 76.00
$ 00,260.00
4' Dla. MH
14
EA
$ 16,000.00
$ 210,000.00
WATER
Desoriptlon
Quantity
Unit
Cost/Unit
Total
12" Water Line
1,370
LF
$ 100.00
$ 137,000.00
8" Water Line
851
LF
$ 90.00
$ 76,690.00
Fire Hydants
6
EA
$ 6,000.00
$ 30,000.00
,
SUMMARY OF CAPITAL CIVIL COSTS
Description
Total
POND WORK AND MASS GRADING
$ 810,000.00
ON•SITE PAVING AND WALLS
$ 2,822,070,00
OFF -SITE WORI<
STORM DRAINAGE
$ 489,476,00
SANITARY SEWER
$ 405,860.00
WATER
$ 243,690.00
SUBTOTAL
SOFTCOSTS (ENG. SURVEY. GEOTECH) 7,6%
TOTAL
$ 4,640,993.00
$ 340,674.48
$ 4,881,687.48
NOTES
Since Westfall Engineering, PLLC has no control over the cost of labor, materials, equipment, or services furnished by
others, or over methods of determining price, or over competitive bidding or market conditions, any and all opinions as
to the cost herein, Including but not IlmIled 10 opinions as to the cost of construction materials, shall be made on the
basis of expedonce and best available data, Westfall Engineering, PLLC cannot and does not guarantee That
proposals, bids, or actual costs will not vary from the opinions on costs shown herein. Review all notes and
assumptions. Westfall Engineering, PLLC has not prepared fully engineered construction drawings for this site,
therefore, the final quantities aro subject to change. Additionally, the final construction plans could change algnlfcenlly
(A) CAPITAL COSTS. STRUCTURES
Description
Quantity
Unit
Cost / Unit
Total
(A) CAPITAL COSTS" SITE AMENITIES
Description
Quantity
Unit
Cost/Unit
Total
Site Lighting
1
EA
$ 126,000.00
$ 126,000.00
Landscaping (Incl. Buffer Zones)
1
EA
$ 100,000.00
$ 100,000,00
Site Furnishings (Irasch recap., benches, etc.)
1
EA
$ 40,000.00
$ 40,000.00
Signage & Wayfinding
1
EA
$ 46,000.00
$ 46,000.00
Contractor Fee/01-1Gen Cond.
14
%
$ 310,000.00
$ 43,400,00
Page 2 of 3
Page 43 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
$ 353,400,00I
(B) FINANCING COSTS
Description
Quantity
Unit
Cost/Unit
Total
(0)PROFESSIONAL SERVICES
Description
Quantity
Unit
Cost/Unit
Total
Civil (Captured In OPC)
-
EA
$ -
$ -
Architectural
1
EA
$ 36,000.00
$ 35,000.00
Structural
1
EA
$ -
$ -
MEP
1
EA
$ 10,000.00
$ 10,000,00
(F) ORGANIZATIONAL COSTS
Description
Quantity
Unit
Cost/Unit
Total
Traffic Impact Study
1
EA
$ 12,000,00
$ 12,000.00
Geoteohnlcsl Study (Captured In OPC)
-
EA
$ -
$ •
Surveys (Captured In OPC)
-
EA
$ -
$ •
$ 12,000.00
SUMMARYOFCOSTS
Description
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 4,081,567,48
(A) CAPITAL COSTS- STRUCTURES
$ -
(A) CAPITAL COSTS- SITE AMENITIES
$ 353,400,00
(6) FINANCING COSTS
$ •
(D) PROFESSIONAL SERVICES
$ 46,000,00
(F) ORGANIZATIONAL COSTS
$ 12,000,00
SUBTOTAL
$ 5,291,967.48
CONTINGENCY (5%)
$ 264,698,37
TOTAL
$ 6,556,565,85
Page 3 of 3
Page 44 of 60
Tax Increment Reinvestment Zone #G
Preliminary Project & Financing Plan
OPINION OF PROBABLE CONSTRUCTION COST
Propared By:
• WESTFAI_I_.
Contact: Michael Wostfall, PE
(214)846.9397
Client:
BV Blacken( Corpus Land LLC
8390 Lyndon B Johnson Freeway, Suite 566
Dallas, TX 75243
Project: Barlsl Village Phase 4
Data Prepared: 7/12/23
Project Number: 23010001
GRADING
Description
Earthwork Cut/FIII
Quantity
42,500
Unit
CY
cost/Unit
$ 15.00
Total
$ 037,600.00
$ 037,600,00
ONSITE PAVING AND WALLS
Description
Quantity
Unit
Cost/Unit
Total
Drainage Infrastructure
31,360
FF
$ 50.00
$ 1,568,000.00
Fire Lane Pavement
7,300
SY
$ 96.00
$ 700,480.00
Parking Lot Pavement
201
SY
$ 86.00
$ 17,086.00
Concrete Sidewalk
30,060
SF
$ 8.00
$ 240,480.00
$ 2,634,046.00
STORM DRAINAGE
Description
Quantity
Unit
Cost/Unit
Total
18" RCP
940
LF
$ 176,00
$ 164,500.00
24" RCP
103
LF
$ 200.00
$ 20,600.00
30" RCP
45
LF
$ 225.00
$ 10,125.00
36" RCP
143
LF
$ 260.00
$ 35,760.00
Curb Inlet
7
EA
$ 10,000.00
$ 70,000.00
Grate Inlet
4
EA
$ 5,000,00
$ 20,000.00
Manhole
1
EA
$ 10,000,00
$ 10,000,00
$ 330,976.00
Page l of 3
Page 45of60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
SANITARY SEWER
Description
Quantity
Unit
Cost/Unit
Total
16" Sewer Line
1,437
IF
$ 100.00
$ 143,700,00
12" Sewer Line
769
LF
$ 90,00
$ 60,310,00
0" Sewer Line
30
LF
$ 76,00
$ 2,260.00
4' Dia. MH
22
EA
$ 16,000.00
$ 330,000.00
WATER
Description
Quantity
Unit
Cost/Unit
Total
12" Water Line
1,340
LF
$ 100.00
$ 134,000.00
8" Water Line
1,122
LF
$ 90.00
$ 100,900.00
Fire Hydants
6
EA
$ 5,000.00
$ 30,000,00
SUMMARY OF CAPITAL CIVIL COSTS
Description
Total
POND WORK AND MASS GRADING
$ 637,500.00
ON -SITE PAVING AND WALLS
$ 2,534,045.00
OFF -SITE WORK
STORM DRAINAGE
$ 330,975.00
SANITARY SEWER
$ 644,260.00
WATER
$ 264,980.00
SUBTOTAL
SOFTCOSTS (ENG, SURVEY. GEOTECH) 7.6%
TOTAL
$ 4,311,760.00
$ 323,362,00
$ 4,035,142,00
NOTES
Since Westfall Engineering, PLLC has no control over the cost of labor, materials, equipment, or services furnished by
others, or over methods of determining price, or over competitive bidding or markal conditions, any and ell opinions as
to the cost herein, Including but not limited to opinlons as to the cost of construction materials, shall be made on Iho
basis of experience and best available data. Weslfall Engineering, PLLC cannot and does not guarantee that
proposals, blds, or actual costs will not vary from the opinions on costs shown herein. Review all notes and
assumptions. Weslfall Englneedng, PLLC has not prepared fully engineered construction drawings for this slle,
Therefore, the Iinel quantities are subject to change. Additionally, the final construction plans could change significantly
(A) CAPITAL COSTS- STRUCTURES
Description
Quantity
Unit
Cost/Unit
Total
Garage
126
SP
$ 13,500.00
$ 3,687,500.00
Contractor Fee/OH/Gen Cond.
14
%
$ 3,667,500.00
$ 610,250,00
$ 4,203,750,00
(A) CAPITAL COSTS. SITE AMENITIES
Description
Quantity
Unit
Cost/Unit
Total
Site Lighting
1
EA
$ 160,000.00
$ 150,000.00
Landscaping (incl. Buffer Zones)
1
EA
$ 250,000.00
$ 250,000.00
Site Furnishings (trosch recap., benches, eta.)
1
EA
$ 40,000.00
$ 40,000,00
Signage & Wayfinding
1
EA
$ 45,000.00
$ 45,000.00
Contractor Fee/OH/Gen Cond.
14
%
$ 405,000.00
$ 67,900.00
Page 2 of 3
Page 46 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
$ 552,900.001
(B) FINANCING COSTS
Description
Quantity
Unit
Cost/Unit
Total
(D) PROFESSIONAL SERVICES '-
Description
Quantity
Unit
Cost/Unit
Total
Civil (Captured In OPC)
-
EA
$ -
$ -
Architeotural
1
EA
$ 50,000,00
$ 60,000.00
Structural
1
EA
$ 85,000,00
$ 85,000,00
MEP
1
EA
$ 40,000.00
$ 40,000.00
$ 155,000.00
(F) ORGANIZATIONAL COSTS
Description
Quantity
Unit
Cost/Unit
Total
Traffic Impact Study
1
EA
$ 12,000.00
$ 12,000.00
Geoteehnical Study (Captured In OPC)
-
EA
$ -
$ -
Surveys (Captured In OPC)
-
EA
$ -
$ -
$ 12,000,00
SUMMARY OF COSTS
Description
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 4,835,142.00
(A) CAPITAL COSTS- STRUCTURES
$ 4,203,750.00
(A) CAPITAL COSTS- SITE AMENITIES
$ 562,900.00
(B) FINANCING COSTS
$ -
(0) PROFESSIONAL SERVICES
$ 155,000.00
(F) ORGANIZATIONAL COSTS
$ 12,000.00
SUBTOTAL
$ 9,568,792.00
CONTINGENCY (5%)
$ 477,939.60
TOTAL
$ 10,036,731.50
Page 3 of 3
Page 47 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
OPINION OF PROBABLE CONSTRUCTION COST
Prepared By:
•hill--:• WESTFALL
Contact: Michael Matra'', PE
(214) 846.9397
Client:
BV Blackard Corpus Land LLC
8390 Lyndon B Johnson Freeway, Suite 666
Dallas, TX 76243
Project: Barlsi Village Phase 5
Date Prepared: 7112123
Project Number: 23010001
GRADING
Description
Earthwork Cut/Fill
Quantity
20,500
Unit
CY
Cost/Unit
5.00
Total
$ 102,600.00
$ 102,600.00
ONSITE PAVING AND WALLS
Description
Quantity
Unit
Cost/Unit
Total
Drainage Infrastructure
9,752
FF
$ 50.00
$ 487,600.00
Fire Lane Pavement
4,136
SY
$ 96.00
$ 397,066.00
Parking Lot Pavement
661
SY
$ 86.00
$ 47,686.00
Concrete Sidewalk
6,860
SF
$ 8.00
$ 46,880.00
Bridge
3,168
SF
$ 600.00
$ 1,683,000.00
$ 2,862,221.00
OFFSITE WORK
Description
Quantity
Unit
Cost/Unit
Total
011slle Turn Lane
2
LS
$ 100,000.00
$ 200,000.00
Median Opening
1
LS
$ 60,000.00
$ 60,000.00
$ 260,000.00
Page 1 of 3
Page 48 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
STORM DRAINAGE
Description
Quantity
Unit
Cost/Unit
Total
18" RCP
708
LF
$ 175,00
$ 123,550,00
24" RCP
276
LF
$ 200,00
$ 66,000,00
Curb Inlet
6
EA
$ 10,000,00
$ 60,000.00
Manhole
3
EA
$ 10,000.00
$ 30,000.00
$ 258,550.00
SANITARY SEWER
Description
Quantity
Unit
Cost/Unit
Total
16" Sewer Lino
617
LF
$ 100.00
$ 61,700.00
12" Sewer Line
362
LF
$ 90.00
$ 31,680.00
8" Sewer Line
76
LF
$ 75,00
$ 6,700.00
4' Dia, MH
8
EA
$ 16,000,00
$ 90,000.00
$ 189,080,00
WATER
Description
Quantity
Unit
Cost/Unit
Total
12"Water Line
1,039
LF
$ 100,00
$ 103,900,00
8" Water Line
101
LF
$ 90,00
$ 9,000.00
Fire Hydanls
4
EA
$ 6,000.00
$ 20,000.00
$ 132,990.00
SUMMARY OF CAPITAL. CIVIL COSTS
Description
Total
POND WORK AND MASS GRADING
$ 102,600.00
ON -SITE PAVING AND WALLS
$ 2,662,221.00
OFFSITE WORK
$ 260,000.00
STORM DRAINAGE
$ 268,650.00
SANITARY SEWER
$ 109,000,00
WATER
$ 132,990.00
SUBTOTAL
SOFTCOSTS (ENG. SURVEY. GEOTECH) 7.5%
TOTAL
$ 3,505,341.00
$ 282,900.68
$ 3,786,241.58
NOTES
Since Westfall Engineering, PLLC has no control over the cost of labor, materials, equipment, or services furnished by
others, or over methods of determining price, or over competitive bidding or market conditions, any and all opinions as
to the cost herein, Including but not limited to opinions as to the cost of construction materials, shall be made on the
basis of experience and best available data. Weslfall Engineering, PLLC cannot and does not guarantee that
proposals, bids, or actual costs will not vary from the opinions on costs shown heroin, Review ell notes and
assumptions, Waaliall Engineering, PLLC has not prepared fully engineered construction drawings for this site,
therefore, the final quantifies are subject to change. Additionally, the final construction plans could change significantly
It. I. 11.,. IIII,,...,,i..,„ .....1 .. I..III
(A) CAPITAL COSTS- STRUCTURES
Description
Quantity
Unit
Cost/Unit
Total
Garage
126
SP
$ 13,600.00
$ 3,667,600,00
Contractor Fee/OH/Gen Cond,
14
%
$ 3,887,500.00
$ 518,250,00
$ 4,203,760,00
Page 2 of 3
Page 49 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
(A)ICAPITAL 'COSTS. SITE AMENITIES
Desoription
Quantity
Unit
Cost/Unit
Total
Site Lighting
1
EA
$ 160,000,00
$ 150,000.00
Landscaping (incl. Buffer Zones)
1
EA
$ 260,000.00
$ 260,000.00
Site Furnishings (trasch recap., benches, etc.)
1
EA
$ 40,000,00
$ 40,000,00
Signage & Wayfinding
1
EA
$ 45,000,00
$ 46,000,00
Contractor Fee/OH/Gen Cond.
14
%
$ 485,000,00
$ 67,900.00
$ 552,900.00
(8) FINANCING COSTS
Description
Quantity
Unit
Cost /Unit
Total
$
(D)PROFESSIONALSERVICES
Description
Quantity
Unit
Cost/Unit
Total
Civil (Captured in OPC)
-
EA
$
$
Architectural
1
EA
$ 100,000.00
$ 100,000.00
Structural
1
EA
$ 60,000,00
$ 60,000,00
MEP
1
EA
$ 60,000.00
$ 60,000.00
$ 210,000,00
(F) ORGANIZATIONAL COSTS
Description
Quantity
Unit
Cost/Unit
Total
Traffic Impact Study
1
EA
$ 12,000.00
$ 12,000.00
Geoteohnical Study (Captured In OPC)
-
EA
$ -
$ -
Surveys (Captured In OPC)
-
EA
$ -
$ -
$ 12,000,00
SUMMARY OF COSTS
Description
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 3,768,241.58
(A) CAPITAL COSTS- STRUCTURES
$ 4,203,760.00
(A) CAPITAL COSTS- SITE AMENITIES
$ 552,900,00
(B) FINANCING COSTS
$
(D) PROFESSIONAL SERVICES
$ 210,000.00
(F) ORGANIZATIONAL COSTS
$ 12,000.00
SUBTOTAL
$ 8,746,891.68
CONTINGENCY (5%)
$ 437,344.58
TOTAL
$ 9,184,238.16
Page 3 of 3
Page 60 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
OPINION OF PROBABLE CONSTRUCTION COST
Project: Darts; Village All Phasos
SUMMARY OF COSTS
Description
Total
SUMMARY OF CAPITAL CIVIL COSTS
$ 32,46200,39
(A) CAPITAL COSTS• STRUCTURES
$ 18,778,660.00
(A) CAPITAL COSTS• SITE AMENITIES
$ 3,064,600.00
(8) FINANCING COSTS
$ -
(D) PROFESSIONAL SERVICES
$ 830,000.00
(F) ORGANIZATIONAL COSTS
$ 83,000,00
SUBTOTAL
$ 66,009,140.39
CONTINGENCY (6%)
$ 2,800,467.02
TOTAL
$ 68,809,697.41
Page 1 of 1
Page 51 of 60
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
A. Pond and Gooding• $130,000
D. throb. lldowol)I. WNIs•
$2.4►4,101
I C. Oihilo MAX Work • $1,4D7,910
ID. Moon Drolnuno- Olt 100
3. Sonlary Watt •$103.000
f. Violet UhtWet• 011,000
10. ►oiWnp Gmapo • $4.110.000
11. Dot lower• $IS0,000
I. Phlcopol f oso • $3/S.000 I'
1. Pub nolbooml • S1)1.000
K. Ilphllno • $111.000 I.
1. londttapino • $SOOADOI.
11, 19160.1,8. 140,000
IA, Synooe• $6.000 I,
0, loot, Ortohend,
Gonaol Condihonl • $1.111.000
$OI IC031511110. SU6919. Gt0IIC11) ).59. • 7$13,760.16 I'
Contingency • 5N1.102.67
I— (Mott non.ilnAnt`no rote Groh $1$SOI.II61+
•
Bads! Village
Phase 1 Total Non -Financing Public Casts • $16,506,368,74
� l Illackaid Conlp.mlet
1.11
. ®IINIINif.Vl$3V
r.r er nrur
., --..._..'--o:,r--
I
I A. Pond and rnnd'ng • $S,411,1$0 G. We Ughlina • $125000
4. flitch. Sldoon4 t Wo0i • $3.41+J341% II. Spoilt Coudi • MOOD
1 C. Slolm Ominn0o • $441,000 • $437.110 D. f1, IonJocapinV • $(OD.04O
Onllory Imo1. Imt.(hin(t • $40,000
I. Wob l Ulib0oi •$441210 K. Donau.• 543000 I
11• ►wklnp Garwoo • $4.10).740 1. loos, Orolhoad,
1 0entral Con0illonl • $340.000 �Ili
$011COSlt (111O. SU6V0Y. 040I0CII) 7.615 • $01410113
ConOnamtq • $011,115.1$
ivinl lton•Ilnatlnn roW,o Cods • $111314,1+3.0)
Boris! VIlage
Phase2 -Tolel Non•Flnaviny Public coat , $18,625,695.02
Page 52 o(80
Nlackald ckrinpmlct
®NN(1MOOVItPW
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
1 A. fend and Gin Woo• $117.500
1 $2.14
1. $ulea11..015 Slda' oRI. W04
I C. Stolm nalrno00.3110.176
0. 30nllmyfawol • SS44At0
t. Wolet UlekIel • $114J10
f. fmUlnp Oma00 • St)03.760
li --a.i•.1. �.
ryl
mt ow on
t. I•.e/..a.111141
G. •.•A.p.•a. 11)1N)
11. 6..we41.1auO
I. 1Y.•).•IIl.•e
1. IonO..A•.)
Ct•hMC••er.••IINN)
I0II0O11I WIG .WWII. a 1011th111'1. WWI t1
t•nl yI.I. 111.11t
1:011fr11rn•.4,14nl CON • 1111111111 1
In r' --—— -- fir_.,
Barlsl Village
Phase 3 - lolat Non•Flnacln0 Public Cols • $5.556,566,05
G. file Ilphlln0 • SI60,050 I
11. Imldlt011lnu • $H0tX. '
Uh I. fumn01 • MA00 1
1. SIonogn • $45000 11
K. tag). Grtlhead, '
Gsnelol Cond4I0n1 • $5J/.100
SO/ ICOIIS (111n. 1(0000. 01011CI1) I.1;1, • S1)3.131.00
Canyn)uncy • 5417.93110
lulul Ilon•llnuclrla fu10 Ca111 • $10011,7JI.10
------
Bails! Village
Phase 4 • Tolal Non•Flnaclnp Public Coils • 510,036,731.N
Page 53 of 60
I tillrkIL anl COmpanlu
!MI 1>1.1.1
•
I IllorkalJ Companks
® NN,111Gt,1YY.W
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Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
•1
A 1,01.1 and Gwdbw•$107.500 II. Silo 1101.I'n0. 1130000
1. %cols. Sldrwo'YI 10/0, I. lonJtcopInu • 57.0.070
• 59.519.991 1. tom§I'Jl • 510,090
C. O:MIr nu'IK SYod. - $710.000 K. 11.lnuar • S14,c45
D. 5Ioun Dlaluouu • $211.150 1. It c,, 0I.•In•ud.
1. SnnItn,y Sewc(• 6167,(e0 Gamut(.unAA'oM• 5759,100 I t
I 1. WWII UI IkI • SI77.%10 I II
a. rn111n7 amour•$1.1017[0 r
501ICO1151[Iln. SU6Vr Y. 61011C11) 7.57. • 5717,10000
C.onllnurncy • 1I07,011.63
total Ilon•Ilnucloq Iul •Ic Cod) - $9,161.70415
J„
Bads! Village
Phoso 5 - Total Non•FlnacInp Public Coib • 59,184,236.15
Page 54 of 60
IllacknlJ Cnmpinlr-,
®P ln[wlcw
ll.0 I,I111
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
7. EXHIBIT A: Legal Description
127.72 Acres
S'I'A'I'E OFTEXAS
COUNTY OF NUBCES
April 24, 2014
Job No. 2612,134.01
Fioldnotcs for 127.72 Acres, more or Tess, comprised of All of"tracts 1 & 2, The Pharaohs
Country Club, a neap of which is recorded in Volume 33, Page 69, of (lie Map Records of Nueces County,
Texas, together with that portion of Nile Drive, a public roadway, ns dedicated in said Volume 33, Page
69 and All of 13loek 3, Pharaohs Valley Noiiliensl, a nap of which Is recorded in Volume 26, page I I, of
the sold Map Records, snld 127.72 acre tract being more (idly described ns follows;
Beginning on the Southwest R-O-W lino of Ennis Josh Road, n public roadway, the East corner
of Block A, Pharaohs Valley Northeast, a mnp of which is recorded in Volume 31, Page 55 of the said
Map Records, for the North corner of the said Tract I mid This tract;
Thence, South 33°46'30" East, with the common line of the said Southwest R-O-1V and the
Northeast line oldie saki Tract I, 508.39 feel, for n corner This lrnet and the point of curvature of a curve
to the right, having a Central angle of25°15'27", a radius of 1869,86 feet, nn me length of 824.28 feet, n
chord bearing of South 21 °08'46" East and a chord Icnglh of 817,63;
Thence, with the said common line, with the are of the snid curve to the right, 824,28 feel, to the
North Corner of'I'racl 6, Pharaoh Volley Northeast Unit 1, a innp of which is recorded in Volume 45,
Page 115 of the said Map Records, the East comer of the saki'I'ntel I, for n cornor of this tract;
Thence, South 78°03'07" West, with the Northwest line of the said Tract 6, Tract 5, Pharaoh
Valley Southeast Unit I, n nap of which is recorded In Vohnne 42, Page 141, of the said Map Records
and Block 2, Pharaoh Vnllcy Carriage Park linst'I'own-Houses, n mnp of which is rccordcd In Volume 38,
Page 9, oldie sold Map Records, the South line oldie said Tract 1, 1035,74 foot, for n corner of this tract
and the point of curvature of n curve to the right, having n Central angle of 40°59'33", n radius of 214.01
feet, an arc length of 153.11 feel, n chord bearing of North 81 °27'07" West, n chord length of 149.87 feel;
Thence, with the North lino oldie said Block 2, the South line ordiosold Tract I, with the arc of
the said curve to the right, 153,11 feet, for a earner (Wilds tract;
Thence, North 60°57'20" West, with the Northeast line of the said Block 2, Block I, Pharaoh
Volley Carriage Park'I'own-I louses, n mnp of which is rccordcd in Volume 33, Page 8, of the said Map
Records, the Southwest lino of Ilse snid 'Intel 1, 820.00 feel, I'or n corner of this Inlet and the paint of
curvature of n curve to the loll, having n Central angle al'90°00'00", n radius of 140,00 feet, en me length
of 219.91 feat, a chord bearing of South 74°02'40" West, n chord length of 197.99 feel;
Thence, with the North line attic said Block I, the South line ol'the snid Tract 1, with the arc of
the said curve to the ten, 219,91 feel, for n corner ol'this tract;
smillwyti .2612arieiv fileminriis ANI111atINN01tNI27.72Acics M1nu.dn°s Pogo I ors
(361)854-3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
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TOPE Firm (1145 • TBPLS Flrm (1 10032400
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Thence, South 29°02'40" West, with the Northwest Tine of the said I3lock I, the Soulhenst lino of
the saki Tract I, 475.00 feel, to the North R-O-W line of McArdle Road, for n eornur of this tract;
Thence, North 60°57'20" West, with the Northeast line of Iho sold McArdle Road R-O-\V, Iho
Southwest line of the sold Tract 1, 360.00 I1:ul, to Bost lino of I3lock 10, Pharaoh Volley Southwest Unit
2, n map of which is recorded in Volanno 29, Page 60, of the said Map Records, I'or n eornur of this tract
and the point of carvnturc of n cove to the left, having n Central tingle of 20°38'00", n radius of439.48
feel, an me length of 158.27 feel, n chord henring of North 18°43'40" Bost, n chord length of 157.4 I fuel;
Thence, with the first line of Lots 15.16, of the sold I3lock 10, the West line of the said Tract I,
with the are of the said curve to the ten, 158.27 feel, for it corner of this tract;
Thence, North 08°24'40" Host, with the Ens( line of Lots I 1-15, of the sold Black 10, the Wost
lint of the said 'Tract I, 448.44 feel for n cornor of this tract and the point of curvature an curve to rho
left, having n Central angle of 69°22'00", n radius 01324.97 feel, an arc Icnglh of 393A3 feel, n chord
bearing ofNot th 26°16'20" West, n chord length o1369,84 feel;
Thence, with the Not lhenst line of Lots 8-1 1, of the sold Block 10, the Southwest line attic sold
Tract I, with the me date snid Curve to the loft, 393A3 feet, for n corner of this Irnel;
Thence, North 60°57'20" West, with the Norlhenst lino of I.ots 1.8, of the said Block 10, the
Southwest line of the snid Tract I, 810.00 feel, to Iho Host It-O-W of Nile [)rive, for the West comer of
the said Tract 1 and of this trod;
Thence, North 60°58'50" \Vusl, crossing the said Nile Drive, at 60 feel, puss Iho West R-O-W of
the sold Nile Drive, the Northeast corner of Block 19, Phnrnoh Volley Southwest Unit I, n map of which
is recorded in Volume 28, Pngc 94, ol'the sold Map Records, n Southeast corner of the saki Tract 2, in all
70,00 feel, for a corner olthis (root and the point of curvature ol'n curve to the Ion, having n Central angle
of 90°00'00", n radius of 585.50 !boom me length of 919.70 feet, a chord hearing of South 74°01' 10"
West, n chord length of 828,02 feel;
Thence, with the Northwest line of Lots 3-12, of the sold Block 19, the Southeast Zino of the said
Tract 2, the me of the said curve to the Ief1, 919.70 feel, for n corner of this tract;
'flounce, South 29°01'10" West, with the Northwest line ol'Lots 1-3, of the said Block 19, the
Soulhensl line of'I'raul 2, 199,74 foci, to the Noliln R-O-W of McArdle Road, the Southwest corner of the
said I3lock 19, for n corner of this tract;
Thence, North 61°00'00" West, with the said North R-O•W, the Southwest line of the said Tract
2, 472,30 feel, to Iho South corner of Block 18, Phnrnoh Valley West, a mop of which is recorded in
Volume 29, Page 100, of Iho said Mop Records, for Ihu Wost corner of the sold 'Tract 2 rind this tract;
Thence, North 28°58'20" Bost, with Southeast line of Lots 1-18, of Iho said Block 18, Ihu
Northwest lino of the said Thief 2, 1434.11 feel, for a corner of this irnct;
Thence, North 43°17'48" West, with the Northeast line of Lots 18-25, snit] Block 18, the
Southwest line of Iho snid Tract 2, 615,54 feel, ton Southeast corner of I31ock 24, Phnrnoh Vnlloy North
Unit 2, n mop or which is recorded In Volume 32, I'nge 72, of Iho said Mnp Records, for n West corner of
the said trod 2 and this u•ncl;
5:\Yeneflosk0612)tl•10i0)FI'Icimi>l0:SANI) n011NnstFNl27.72Acres I1nIr.docx Pogo 2ol'S
(361)854-3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbanenzcon3
TOPE Firm II 145 • TORS Firm 1110032400
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Thence, North 29°02'40" 0nsl, with the Southcnst Tine of Lots 19-22, of the snid Block 24, the
Northwest line of the snit! Tract 2, 315.00 feet, for a corner of this Intel;
Thence, North 48°53'19" tins!, with the Southeast line of Lol 18, of the snid Block 24, the
Northwest line of the said Tract 2, 62.49 feel, for the North corner of this tract;
Thence, South 80°47'59" East, wish the Southcnst line of Lot 16, of the snid Block 24, the
Northeast line of the sold Pad 2, 62A9 feet for n corner of this Intel;
Thence, South 60°57'20" Bast, with the Southwest line ol'Lots 15-9, of the snid Block 24, Lots 2-
8, Blocks 24,1'hnrnoh Volley North Unit I, n amp of which Is recorded in Volume 32, I'nge 30, of the
snid Mnp Records, the Northeast line of the snid'I'rnct 2, 1193,12 feet, to the West corner of Lot IA,
Block 24, Pharaoh Valley North Unit I, n map ol'which is recorded in Volume 53, Page 12, of the said
Map Records, for n corner of This tract;
Thence, South 51°51'53" tins!, with the Southwest line ol'the said Lot 1A, the Northensl line of
the snid 'I'racl 2, 71.95 feel, for a corner of this tract;
Thence, Not 73°20'55" Bast, with the Southcnst line of the snid Lot IA, the North Zino of the
said Tract 2, 85.90 feet, to the Southwest I2-O-IV line of Pharaoh Drive, the Ens( corner of the snit! Lot
IA, Ibr n eorncr of this tract and the point of curvature of n curve to the tell, having n Central angle of
44° I9'45", a radius of 345,00 feel, an tire length of 266.92 feet, n chord bearing of South 38°48'57" Last, a
chord Icnglh of 260,32 feet;
Thence, with the Southwest line of the snid Phnrnoh Drive, the Northeast Ihte ol'the sold'frac! 2,
with the are of Ike said curve to the loll, 266.92 feel, for a corner of this tract and the point of curvature of
a reverse curve to the right, having n Central tingle of 90°00'00", a radius of 10.00 feel, on are length of
15.71 feel, n chord bearing of South 15°58'50" linst, n chord length of 14.14 feel;
Thence, with the West line dike snid Phnrnolt Drive, the Host line of Iho said'1'rnet 2, with the
nre of the snid reverse curve to the right, 15,71 feel, to the Rost R-O-W of the snid Nile Drive, I'or n corner
of this tract;
Thence, South 29°01'10" West, with the Northwest lino of the said Nilo Drive, the Southeast line
of the said'I'ntel 2, 77.00 feet, to the Last corner of 13Iock 13, Phnrnoli Valley Southwest Unit 1, it ntnp of
which is recorded in Volume 28, Page 94, of the said Mnp Records, for n corner of ihis met;
Thence, North 60°58'S0" West, with the Northeast lino of Lot 1, ol'the snid Block 13, the
Southwest line of the snit! 'Tract 2, 125,00 feel, to the North corner of the said 131ock 13, for n corner of
this tract;
Thence, South 29°01'10" West, with the Northwest line of Lois 1-8, oldie snid Block 13, the
Southend Tine of the snid Tract 2, 640,00 feel, to the West corner orate said Block 13, for n corner of this
tract;
Thence, South 60°58'58" Iinsl, with the Southwest lino of the snid Lol 8, Iho Northeast lino of the
snid 'Tract 2, nl 125.00 feel, pass the West R-O-W of the snid Nilo Drive, in all 185.00 feel, to the Past It-
O-W of the snid Nile thrive, the West line of the said Tract I, for it corner of this tract;
s,S,I,vc)Ing12G121Ib10IKN:IqCts1,lliTlisANDiI0l1NDti1PN127.72Acres binr.dax l'°gc.t or
(361)854.3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbanena con)
TBPE Firm it 145 • TBPLS Firm 1110032400
Page 57 of 60
FAX (361)854-6001
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Thence, North 29°01'10" Rost, with the Southeast lino dike said Nilo Drive, the Northwest lint
of the said Tract I, 5.03 fect, to the West corner of Block 2, Pharaoh Volley Northeast, n map of which Is
recorded in Volume 26, Pngc 11, ol'the said Mnp Records, for a comer (Willis tract;
Thence with the common line nf'the snid Block 2 and the said Inlet 1, as follows;
• South 60°57'20" Ens!, 125.00 feat, for n corner of this Intel;
• North 29°02'40" Host, 290.00 feet, for n corner of This tract;
• South 60°57'20" East, 145.00 feel, for n corner of this Intel;
• North 29°02'40" Mist, 57,30 feet, to the South R-O-W line of Cairo Drive, for a corner of
This tract and the point of curvature ofn curve to the Len, having a Contrnl angle of
34°54'54", n radius of 50.00 feel, an are length of 30,47 feel, n chord bearing of South
60°57'20" East, n chord length of 30.00 feel;
With the me (tithe snid Curve to the left, 30.47 feel, for n corner of this tract;
South 60°57'20" West, 57,30 feet for n corner of this tract;
South 60°57'20" East, 290,00 feel for n corner of this Intel;
North 29°02'40" East, 57.30 feel, to the South R-O-W line of Sudan Drive, for n corner of
this tract and the point of curvature ofn curve to the Lcn, having n Central angle of
3(1°54'54", n radius of 50,00 feel, mt are length of 30.47 fear, n chord bearing of South
60°57'20" East, n chord length of 30.00 feet;
With the arc of the snid Curve to the Ien, 30.47 feel, for n corner of this (tool;
South 29°02'40" West, 57.30 feel for it comer of this Intel;
South 60°57'20" East, 290.00 feet for n corner of this bract;
North 29°02'40" East, 72.30 feet, to the South R-0•W line of Karnak Drive, for n corner
ofthis tract and the point of curvature of curve to the Len, having n Central nngle of
34°54'54", a radius of 50,00 feel, an are length of 30.47 feel, n chord bearing of South
60°57'20" East, n chord length of 30,00 feel;
With the me of the said Curve to the loll, 30,47 feel, for a corner (Willis tract;
South 29°02'40" West, 72.30 feel, for n corner Mills Intel;
South 60°57'20" East, 95.00 feel, for n comer of this Intel and the point of curvature of n
curve to Iltc Lon, having a Conlin' angle ol'90°00'00", n radius of 50,00 feel, an are
Icnglh of 78.54 feel, a chord bearing of North 74°00'00" East, a chord length o170.71
feel;
With the me untie said Curve to One lull, 70.71 feel, (o the West Iinc of Block 3, Pharnoh
Valley Northeast, n map of which is recorded in Volume 26, Page 11, of the said Map
Rcco•ds, for n corner of this matt;
Thence, North 29°02'40" Bast, with the Southeast (Inc of Lois 34-37, of the snid Block 2, the
Northwest line of the said I3Ioek 3, 375,00 feel, to the Soulbenst R-O-W line of the said Pharaoh Drive,
the North corner of the said Block 3, for n corner of this Imo;
Thence, South 60°57'20" East, with the Southeast (Inc ol'the snid Pharaoh Drive, the Northeast
(Inc of the snid Block 3, 320,00 feel, to the North comer of, 131oek 4, ol'the sold Pharaoh Valley
Nolhensl, the Ensl corner ol'the snid Block 3, l'or a corner of This lracl;
Thence, South 29°02'40" West, with the Northwest line of Lots 1-4, of the said Block 4, the
Southeast line of the said Block 3, 370,00 feel, tun comer of the said Tract 1, for n corner of this Intel nncb
the point ofcurvnOrc of n curve to the bell, having n Central tingle of'90°00'00", n radius ol'50.00 feel, an
me length of 78.54 feet, a chord bearing of South 15°57'20" Enst, n chord length of 70.71' feel;
tiaSmvc)1"g12612111.101101'PICIMIlilli%ANI)IIUUNI)SIIN127.72Acres bno.AncX Ingo or
(361)854-3101
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbanen)r.com
TBPE Finn 11145 . TBPLS Firm 1110032400
Page 58 of 60
FAX (361)854.6001
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Thence, with the me of the said Curve to the loll, 70.71 fool, for n corner of this tract;
Thence, with the common lino dike sad Block 4 and the said Tract 1 as Ibliows:
South 60°57'20" East, 95.00 feel, for n corner of Ibis tract;
North 29°02'40" find, 72,30 feel, to Iho South R•O-W line of Luxor Drive, for n corner of
this tract and Mc point ol'curvatro of n curve to tho Loll, having n Control nnglo of
34°54'54", n radius of 50.00 feel, nn arc length of30.47 feel, n chord bearing of South
60°57'20" Host, a chord length of 30.00 feel;
With alto arc of the said Curve to the loll, 30A7 loci, for n corner of this tract;
South 29°02'40" Wcsl, 72,30 feel, for n corner of this tract;
South 74°04'20" East, 297.76 foot, for n corner of this tract;
North 29°02'40" East, 64.72 feel, to the South R•O-W Tine of Memphis Drive, for n
corner of this trout and the point of curvature of n curve to the Loll, having a Control
angle of 34°54'54", a radius of 50.00 feel, no are length of 30A7 feel, n chord bearing of
South 60°58'.31" find, n chord length of 30.00 feel;
With the inc of the said Curve to the loft, 30.47 feel, for n corner of Ibis tract;
South 29°02'40" West, 57.74 feel, for n corner of this tract;
Thence, South 74°04'20" East, at 152,25 feet, pass the West corner ol'Block A, Pharaoh Valley
Northeast, n mop of which is recorded in Volume 31, Pogo 55, of the said Mop Records, the Southeast
corner of the said Block 4, in nil 204.66 feel, for n corner of this tract and the point of curvature of u curve
to the Loll, having n Control angle o1'53° 14'20", n radius of 387.10 feel, nn arc length of 359.69 feet, n
chord bearing of North 79°18'30" East, n chord length of 346.89 feet;
Thence, with the common line of the said Block A and the snid'I'ract I, the arc of tho said Curve
to the loll, 346.89 feet, for n corner of this tract;
Thence, North 52°41'20" Bast, with the Southeast lino of the said 13Iock A, the Northwest lino of
the said Traci I, 239.89 Net, to the Point of 13eginuing, containing 127.72 acres (5,563,545 square feu() of
land, more or Tess.
Bearings based e1 the record plat of Thu Pharaohs Country Club, a map of which is recorded In
Volume 33, I'ngc 69, of the said Map Records, (1101 based on on on -the -ground survey),
Unless this Field Notes Description, including preamble, seal and signnturc, appears in its entirety, in its
originnl form, surveyor assumes no responsibility or liability for its accuracy.
Also reference accompanying sketch of tract described herein.
.S iSwrcying12611111.101101 I'iC'1•lAlli7IiS AND 11011NDS11N127.72Acres bmcdoc%
(361)854.3101
LJRI3AN ENGINEERING
Koilh W. Woolny,
Liconsc No. 5463
2725 SWANTNER DR. • CORPUS CHRISTI, TEXAS 78404
www.urbanone,con
TBPE Firm 11145 • TBPLS Firm II 10032400
Page 59 of 60
Ingo S,1'5
FAX (361)854.6001
Tax Increment Reinvestment Zone #6
Preliminary Project & Financing Plan
Page 60 of 60
caller Times
PART OF THE USA TODAY NETWORK
Certificate of
Publication
NOTICE OF PUBLIC
HEARING
CITY OF CORPUS CHRIS TI -SECRETARY The City of Corpus Christi
is considering designating a
PO BOX 9277 certain area within the
iurisdiction of the City of
Corpus Christi as a Tax
CORPUS CHRISTI,TX 78401 Increment Financing (TIF)
Zone to be known as
"Reinvestment Zone
Number Six, City of Corpus
Christi, Texas",
STATE OF WISCONSIN) establishing a Board of
)) Directors for the
Reinvestment Zone, and
COUNTY OF BROWN) other matters relating
thereto. The City Council
will hold a public hearing
I, being first duly sworn, upon oath depose and say that I on Tuesday, January 9,
am a legal clerk and employee of the publisher,namely,the 202 at it r which
Corpus Christi Caller-Times,a daily newspaper published commences at 11:30 a.m.,
at Corpus Christi in said City and State,generally circulated City Hall, 1201 Leopard St.,
Corpus Christi, Texas. The
in Aransas, Bee, Brooks, Duval,Jim Hogg,Jim Wells, map of the location for the
Kleberg, Live Oak, Nueces, Refugio,and San Patricio, proposed reinvestment zone
is available in the City
Counties,and that the publication of which the annexed is a Secretary's Office located
true copy,was inserted in the Corpus Christi Caller-Times on the first floor of City
Hall. At the hearing,
in the following issue(s)dated: interested persons are
entitled to speak and
present evidence for or
against the designation.
/s/ Rebecca Huerta
City Secretary
12/31/2023
On this December 31,2023, I certify that the attached
document is a true and exact copy made by the publisher:
Legal Notice Clerk
671
Notary Public, State of Isconsi , ounty of Brown
Notary Expires
VICKY FELTY
Publication Cost: $179.60 Notary Public
Ad No:0005869484 State of Wisconsin
Customer No: 1490432
PO#: public hearing
#of Affidavits)
This is not an invoice
* LocaliQ
• Texas/New Mexico PO Box 631667 Cincinnati, OH 45263-1667
GANNETT
AFFIDAVIT OF PUBLICATION NOTICE OF PUBLIC
HEARING CITY OF
CORPUS CHRISTI
_DEFAULT In accordance with Section
Accounts Payable 311.003 of the Texas Tax
City of Corpus Christi-Secretary Increment Financing Act, as
O Box 9277 amended, NOTICE IS
PO
Christi TX 78401 HEREBY GIVEN that the
CorpusCity Council of Corpus
Christi, Texas will hold a
public hearing with respect
STATE OF WISCONSIN, COUNTY OF BROWN to the designation of Rein-
vestment Zone Number 6,
The Corpus Christi Caller-Times, a newspaper published in the city City of Corpus Christi,
of Corpus Christi, Nueces County, State of Texas,generally Texas. The City of Corpus
Chdesig-
circulated in Aransas, Bee, Brooks, Duval,Jim Hogg, Jim Wells, noting
is consideringtiarea
sated
Kleberg, Live Oak, Nueces, Refugio, and San Patricio Counties, onting a certain area located
on or around Nile Dr, and
and personal knowledge of the facts herein state and that the Pharoah Dr., within the
notice hereto annexed was Published in said newspapers in the jurisdiction of the City of
issue: Corpus Christi as a Tax
Increment Financing (TIF)
10/06/2024 Zone to be known as "Rein-
vestment Zone Number Six,
and that the fees charged are legal. City of Corpus Christi,
Sworn to and subscribed before on 10/06/2024 Texas", establishing a Board
of Directors for the Reinvest-
ment Zone, and other
matters relating thereto. The
City Council will hold a
public hearing on Tuesday,
October 15, 2024, at its regu-
'• ---- '' z� larly scheduled meeting,
which commences at 11:30
Legal Clerk • il a.m., City Hall, 1201 Leopard
• St., Corpus Christi, Texas.
The map of the location for
the proposed reinvestment
Notary.State of WI, unty of: vn zone is available in the City
Secretary's Office located on
?/ the first floor of City Hall. At
My commission e fires the hearing, interested
persons are entitled to speak
and present evidence for or
Publication Cost: $241.41 against the designation.
Tax Amount: $0.00 /s/ Rebecca Huerta
Payment Cost: $241.41 City Secretary
Order No: 10643140 #of Copies:
Customer No: 1356906 1
PO#: PH TIRZ#6
TIIIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.
VICKY FELTY
Notary Public
State of Wisconsin
Page 1 of 1
, . * LocaliQ
Texas/New Mexico PO Box 631667 Cincinnati, OH 45263-1667
GANNETT
AFFIDAVIT OF PUBLICATION NOTICE OF PASSAGE OF
ORDINANCE(S)
Mariah Resendez
City of Corpus Christi-Secretary NO. 033488, One reading
1201 Leopard St ordinance designating 127.72
Corpus Christi TX 78401 acres within the jurisdiction
of the City of Corpus Christi
STATE OF WISCONSIN,COUNTY OF BROWN as a tax increment financing
The Corpus Christi Caller-Times, a newspaper published in the city district to be known as "Tax
of Corpus Christi, Nueces County, State of Texas,generally Increment Reinvestment
circulated in Aransas, Bee, Brooks, Duval,Jim Hogg, Jim Wells,
Kleberg, Live Oak, Nueces, Refugio, and San Patricio Counties, Zone No. 6, City of Corpus
and personal knowledge of the facts herein state and that the notice hereto annexed was Published in said newspapers in the Christi, Texas," pursuant to
issue: petition by owners of Barisi
10/28/2024 Village properties; setting a
and that the fees charged are legal. maximum city financial
Sworn to and subscribed before on 10/28/2024 participation and a maxi-
mum contribution; and
establishing a board of direc-
tors for the reinvestment
�^� zone. This ordinance was
�J passed and approved on first
c.....40iLegal Clerk reading by the Corpus
Notary,State of WI,County f Brow Christi City Council on O c to-
01 1 1 ber 15, 2024.
"� /s/ Rebecca Huerta
My commission expires City Secretary
Publication Cost: $130.75
Tax Amount: $0.00
Payment Cost: $130.75
Order No: 10707559 #of Copies:
Customer No: 1356906 1
PO#:
THIS IS NOT AN INVOICE!
Please do not use this form for payment remittance.
I VICKY FELTY
Notary Public
State of Wisconsin
Page 1 of 1