HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 11/12/2019 CityCit/ of Corpus Christi 1201 Leopard Street
M Corpus Christi,TX 78401
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Meeting Minutes
Reinvestment Zone No. 2
Tuesday,November 12,2019 9:30 AM Council Chambers
A. Chairman Greg Smith to call the meeting to order.
Chairman Smith called the meeting to order at 9:35 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors
City Secretary Rebecca L.Huerta called the roll and verified that a quorum of
the Board was present to conduct the meeting.
Board Member Barrera arrived at 9:40 a.m. Board Member Joe McComb
arrived at 9:46 a.m.
Present 12- Chair Greg Smith, Board Member Roland Barrera, Board Member Rudy
Garza, Board Member Paulette Guajardo, Board Member Gil Hernandez,
Board Member Michael Hunter, Board Member Joe McComb, Board
Member Ben Molina, Board Member Jim Needham, Board Member Sylvia
Oliver, Board Member Gabriel Rivas, and Board Member Everett Roy
Absent 1 - Board Member Barbara Canales
C. PUBLIC COMMENT:
Public Comment was not considered.
PLEASE BE ADVISED THAT THE OPEN MEETINGS ACT PROHIBITS THE
BOARD OF DIRECTORS FROM RESPONDING AND DISCUSSING YOUR
COMMENTS AT LENGTH. THE LAW ONLY AUTHORIZES THEM TO DO THE
FOLLOWING:
1. MAKE A STATEMENT OF FACTUAL INFORMATION.
2. RECITE AN EXISTING POLICY IN RESPONSE TO THE INQUIRY.
3.ADVISE THE CITIZEN THAT THIS SUBJECT WILL BE PLACED ON AN
AGENDA
AT A LATER DATE.
D. MINUTES:
1. Approval of Minutes of the August 20, 2019 Regular Meeting
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Reinvestment Zone No.2 Meeting Minutes November 12,2019
Chairman Smith referred to approval of the minutes.
Board Member Garza made a motion to approve the minutes,seconded by
Board Member Molina and passed unanimously(Board Members Barrera,
Canales and McComb-absent).
H. PRESENTATION ITEMS:
4. Update on Park Road 22 Bridge and Developer Canal on North Padre
Island
Chairman Smith deviated from the agenda and referred to Item 4.
Assistant City Manager Keith Selman presented information on the following
topics: bond projects on the Island;land values;active Tax Increment
Reinvestment Zone Number 2(TIRZ#2)projects; proposed development
rendering;and the Park Road 22 bridge.
At the request of Assistant City Manager Selman,Charles Duffley,with AXYS
Group,IBC/Diamond Beach,discussed the following topics: history of the
canal project;that the developer and the City now have a development
agreement;that the developer has had engineering work performed for the
canal and has gone out to bid and is now under contract to dredge and
bulkhead the canal;and that the developer is now waiting on confirmation
from the City that the City has the funds to build the bridge.
A board member and Mr.Duffley discussed the following topics: what the
planned development would entail,including another hotel,short-term rentals,
mixed use retail/condos and residential;and the estimated value of the
planned development at build out.
Assistant City Manager Selman presented information on the following topics:
Park Road 22 bridge construction funds;and 12-step agreement obligations.
Board members,Assistant City Manager Selman and Director of Engineering
Services Jeff Edmonds discussed the following additional topics: the status of
value engineering the cost of the Park Road 22 bridge;modifying its design to
reduce costs after the contract is awarded;appropriating funds today;
awarding the contract the way it was bid;securing funding,awarding the
contract and then modifying the contract;risks to the City of awarding the
contract;deductive change orders;the timeline to appropriate funds and
award a contract;and the timeline for the developer to complete the items for
which it is responsible.
E. FINANCIAL REPORT:
2. TIRZ#2 Financial Reports as September 30, 2019
Chairman Smith referred to Item 2.
Treasurer Alma Casas presented the Tax Increment Reinvestment Zone No.2's
(TIRZ#2)Financial Report as of September 30,2019.
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Board members,Treasurer Casas and Chief Financial Officer Constance
Sanchez discussed the following topics: monies encumbered,reserved and
unreserved in FYs 18/19 and 19/20;and the fund balance available in the
Capital Improvement Plan(CIP)Fund.
F. EXECUTIVE SESSION ITEMS: (None)
G. AGENDA ITEMS:
3. Resolution recommending adoption of an amendment to the Project and
Financing Plan for the Reinvestment Zone Number Two (TIRZ#2)to
increase the Park Road 22 Bridge Project Cost by$2,884,815.66
bringing the total TIRZ#2 contribution to the Project to$6,884,815.66
Chairman Smith referred to Item 3.
Board Member Hunter made a motion to approve Item 3,seconded by Board
Member Guajardo.
A board member and Assistant City Attorney Aimee Alcorn Reed discussed
assignment of/amending of the original 380 agreement with Schlitterbahn to
include Diamond Beach/AXYS Group/IBC;that the TIRZ#2 is not a party to the
380 agreement;and that the 380 agreement is a Council item.
The motion to approve Item 3 was passed unanimously(Board Member
Canales-absent).
IDENTIFY FUTURE AGENDA ITEMS:
Chairman Smith referred to Identify Future Agenda Items.
Board Members and Business Liaison Arlene Medrano discussed the following
items: the next TIRZ#2 meeting will take place on December 10,2019;an
update on a 380 agreement and on the projects funded by TIRZ#2.
J. ADJOURNMENT
The meeting was adjourned at 10:03 a.m.
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