HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 06/10/2019 Ci of Cor us Christi 1201 Leopard Street
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Meeting Minutes
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Reinvestment Zone No. 2
Monday,June 10,2019 4:00 PM Holiday Inn Express, 15209 Windward Dr.,
Corpus Christi,TX,78418
Persons with disabilities who plan to attend this meeting and who may need auxiliary
aids or services are requested to contact the City Secretary's office (at 361-826-3105)at
least 48 hours in advance so that appropriate arrangements can be made.
A. Chairperson Greg Smith to call the meeting to order.
Chairperson Smith called the meeting to order at 4:05 p.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
Assistant City Secretary Paul Pierce called the roll and verified that a quorum
of the Board was present to conduct the meeting.
Present 11 - Chair Greg Smith, Director Roland Barrera, Director Rudy Garza, Director
Paulette Guajardo, Director Gil Hernandez, Director Cal Jennings, Director
Joe McComb, Director Ben Molina, Director Jim Needham, Director Gabriel
Rivas, and Director Everett Roy
Absent 2- Director Barbara Canales, and Director Michael Hunter
City Secretary Rebecca L.Huerta arrived at 4:07 p.m. Board Member Rivas
arrived at 4:10 p.m. Board Member Needham arrived at 4:24 p.m.
C. PUBLIC COMMENT:
Chairperson Smith referred to comments from the public.
Island Strategic Action Committee Chair Jay Gardner,welcomed the Tax
Increment Reinvestment Zone No.2(TIRZ#2)Board of Directors to the Island.
D. MINUTES:
1. Approval of Minutes of the April 16, 2019 Regular Meeting
Chairperson Smith referred to approval of the minutes. Director Garza made a
motion to approve the minutes,seconded by Director Barrera and passed
unanimously(Directors Needham, Rivas,Canales and Hunter-absent).
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Reinvestment Zone No.2 Meeting Minutes June 10,2019
E. FINANCIAL REPORT:
2. TIRZ#2 Financial Reports as of April 30, 2019
Chairperson Smith referred to the Financial Report. Treasurer Constance
Sanchez presented the Tax Increment Reinvestment Zone No.2's(TIRZ#2)
Financial Report as of April 30,2019.
Board members and Treasurer Sanchez discussed the definition of capital
improvement projects and monies set aside for the"six pack"projects.
F. EXECUTIVE SESSION ITEMS: (NONE)
G. AGENDA ITEMS:
3. Amendment to TIRZ#2 Project and Financing Plan
Resolution recommending adoption of an amendment to the revised
project and financing plan for the Reinvestment Zone Number Two,
Corpus Christi, Texas
Chairperson Smith referred to Item 3. Business Liaison Arlene Medrano stated
that the purpose of this Item is to approve a resolution recommending adoption
of an amendment to the revised project and financing plan for TIRZ#2 relating
to Project#11 -Packery Channel Pavilion(Phase 5),Project#14-Periodic
Survey of Channel Conditions and Shoreline,and Project#18-Contingency
Fund.
Board members and Business Liaison Medrano discussed the following topics:
that the contingency fund will allow more flexibility by not having to bring
small expenditures to the Board at a meeting;the total amount of the
contingency fund;and a request to ensure the Board is kept informed of such
expenses.
Board Member Garza made a motion to approve the Resolution,seconded by
Board Member Barrera and passed unanimously(Board Members Needham,
Canales and Hunter-absent).
H. PRESENTATION ITEMS:
4. TIRZ#2 Feasibility Study by Community Development Solutions
(CDS)
Chairperson Smith referred to Item 4. Business Liaison Arlene Medrano stated
that the purpose of this Item is to provide the results of the updated feasibility
study and market analysis for TIRZ#2,conducted by Community Development
Strategies(CDS).
President of CDS Steve Spillette and Vice President of CDS Brenda Crenshaw
presented information on the following topics: components of the study;
market study findings;TIRZ#2 projections;TIRZ#2 development projections for
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residential units,retail/commercial square feet and hotel rooms;TIRZ#2
increment and revenue projections;strategic recommendations;the impact of
the Park Road 22 bridge; place-making;differentiating the Island from other
destinations;improving rights-of-way with pedestrian walk ways and bike
paths/lanes;extending the life of TIRZ#2;and creating a new sense of
destination for the Island.
Board members,Mr.Spillette,Ms.Crenshaw and Business Liaison Medrano
discussed the following topics: the appreciation rate used to calculate the TIRZ
#2 increment projections presented;a request for a table showing historical
property values;the new statutorily defined limitation on increasing property
tax revenues versus increases in property values;the current boundary of TIRZ
#2;the area of the Island which TIRZ#2 comprises;and Lively Beach's
concrete construction estimated property values.
Business Liaison Medrano presented information on the following topics: local
economic development toolbox;how tax increment financing works;
background on the current TIRZ#2;requirements relating to tax increment
reinvestment zones;actions completed relating to renewing TIRZ#2;and next
steps and associated timetable.
Board members,Mr.Spillette,Ms.Crenshaw,Treasurer Constance Sanchez
and Business Liaison Medrano discussed the following topics: the effect on
base values if TIRZ#2 expires;allowability of school districts'and colleges'
participation in TIRZ#2;the duration of a renewal of TIRZ#2;when a tax
increment reinvestment zone expires with respect to project costs;expanding
the boundary of TIRZ#2;and desirable areas within TIRZ#2.
5. FY 2020 Preliminary Budget
Chairperson Smith referred to Item 5. Director of the Office of Management
and Budget(OMB)Eddie Houlihan presented the preliminary TIRZ#2 FY2020
budget
Board Members and Director Houlihan discussed the following topics: actual
monies available versus balances; revenues and expenditures; renewing TIRZ
#2 to ensure monies are available for the dredging of Packery Channel versus
utilizing funds from the City's General Fund if TIRZ#2 were to expire;the
original reason for the creation of TIRZ#2;using TIRZ#2 as an economic
development tool;and if renewing the TIRZ#2 requires a vote of the public.
6. TIRZ#2 Projects Update
Chairperson Smith referred to Item 6.
Director of Engineering Services Jeff Edmonds presented information on,and
discussed with board members,the following topics: list of projects;and
projects'status and timelines.
Director Edmonds discussed a board member's question about channel
monitoring.
7. Packery Monitoring Program Summary
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Chairperson Smith referred to Item 7. On behalf of Coastal Research Scientist
Deidre D.Williams with the Conrad Blucher Institute,Texas A&M University
Corpus Christi,who was not able to make today's meeting,Chairperson Smith
presented information on the following topics: Ms.Williams'recommendation
that Packery Channel should be dredged;implementation of dredging;
challenges; nourishment footprint;recommended fill volume; beach width;
beach closure requirements;target volume of sand needed for beach
nourishment;post-and future-nourishment footprint;and present and proposed
bollard adjustments.
Chairperson Smith called for comments from the public. William Goldston,
13721 Tajamar,spoke regarding bouys in shoaled areas.
A board member discussed the duration of temporary measures.
Chair of the Watershore and Beach Advisory Committee Cliff Schlabach spoke
regarding safety on the beach and ensuring the City gets the word out
regarding beach closures.
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Smith referred to Identify Future Agenda Items. The following
items were identified: update on renewal of TIRZ#2;approval of the proposed
budget;and project updates,including the Park Road 22 bridge and new
projects.
J. ADJOURNMENT
The meeting was adjourned at 5:28 p.m.
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