HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 01/17/2017 Corpus Christi 1201 Leopard Street
M Corpus Christi,TX 78401
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0.` Meeting Minutes
Reinvestment Zone No. 2
Tuesday,January 17,2017 10:30 AM Council Chambers
A. Chairperson Greg Smith to call the meeting to order.
Chairperson Smith called the meeting to order at 10:37 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Huerta called the roll and verified that a quorum of the
Corporation was present to conduct the meeting.
Present 8- Chair Greg Smith, Rudy Garza,Michael Hunter,Joe McComb, Ben
Molina, Lucy Rubio,Carolyn Vaughn,and Gabriel Rivas
Absent 5- Paulette Guajardo,Steve Ellis, Cal Jennings, Samuel Neal Jr.,and Dan
McQueen
C. MINUTES:
1. Regular meeting of July 22, 2014
Chairperson Smith referred to approval of the minutes.Mr.Garza made a
motion to approve the minutes,seconded by Mr.Hunter and passed
unanimously.
D. FINANCIAL REPORT:
2. TIRZ#2 Financial Reports for October 31, 2016 and November 30,
2016.
Chairperson Smith referred to Item 2.Director of Financial Services Constance
Sanchez presented the Reinvestment Zone No.Two Financial Report,Packery
Channel Projections,information on the interest earned and Financial Advisory
Coastal Securities.
A director spoke regarding the consolidation of the NPID and Reinvestment
Zone No.2 meetings.
E. EXECUTIVE SESSION ITEMS:
3. Executive Session pursuant to Texas Government Code§551.071
and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to
consult with attorneys concerning legal issues related to possible
development agreements or other funding mechanisms related to the
construction of Park Road 22 and related infrastructure, including, but
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Reinvestment Zone No.2 Meeting Minutes January 17,2017
not limited to, bridges, culverts, canals, sewers, lift stations, pump
stations, revetments, pilings, and ditches with possible discussion and
action in open session.
Chairperson Smith referred to the day's executive session.The Corporation
went into executive session at 10:43 a.m.The Corporation returned from
executive session at 11:03 a.m.
F. AGENDA ITEMS:
4. Approving the amendment to the Tax Increment Reinvestment
Zone#2 Amended Project and Financing Plan
Resolution recommending adoption of an amendment to the Revised
Project and Financing Plan for the Reinvestment Zone Number Two,
City of Corpus Christi, Texas, dated January 17, 2017, regarding Park
Road 22 Bridge Project, Packery Channel Monitoring and
Improvements, and Budget Approval Process, as recommended by
the North Padre Island Development Corporation.
Chairperson Smith referred to Item 4.This Resolution was tabled.
G. PRESENTATION ITEMS:
5. Discussion of Future Meeting Dates
Chairperson Smith referred to Item 5.There was a consensus of the
Corporation to hold the next meeting on February 21,2017.
H. PUBLIC COMMENT:
None.
ADJOURNMENT
The meeting was adjourned at 11:06 a.m.
'Regardless of the agenda heading under which any item is listed,any word or phrase of any item listed on this agenda shall be
considered a subject for consideration for purposes of the Texas Open Meetings Act and other relevant laws,and the Board of
Directors may deliberate and vote upon any such subject and resolutions related thereto.Any descriptions of property or
amounts stated in this agenda are descriptive and not restrictive,and property and amounts may be changed in the motions,
actions or documents.In addition to other items listed in this agenda,policies and procedures of this corporation,legal analysis
of any items,policies or procedures,and any items that are currently receiving funding from this corporation may be discussed
and deliberated and these matters are added as subjects of discussion to this meeting.This agenda has been reviewed and
approved by the attorney for the governing body,and the presence of any subject or description in the Executive Session portion
of this agenda constitutes a written interpretation of Chapter 551 of the Texas Local Government Code by the attorney for this
corporation indicating that said subject or description thereof may be legally discussed in a closed meeting.
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