HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 10/25/2022City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 2 - Island
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Tuesday, October 25, 2022
9:00 AM Council Chambers
A. Chairman Greg Smith to call the meeting to order.
Chairman Smith called the meeting to order at 9:10 a.m.
B. Assistant City Secretary Ruth Bocchino to call roll of the Corporation Directors.
Assistant City Secretary Ruth Bocchino called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Note: Board Members Barbara Canales, Dr. Laurie Turner and Jim Needham
participated by video conference. Board Member Hunter arrived at 9:18 a.m. and Board
Member Barrera arrived at 9:27 a.m.
Present 13 - Chair Greg Smith, Board Member Roland Barrera, Board Member Barbara Canales,
Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael
Hunter, Board Member Billy A. Lerma, Board Member John Martinez, Board Member Ben
Molina, Board Member Jim Needham, Vice Chair Mike Pusley, Board Member Laurie
Turner, and Board Member Brent Chesney
Absent 1 - Board Member Sylvia Oliver
C. PUBLIC COMMENT:
Chairman Smith referred to Public Comment.
There were no comments from the public.
D. MINUTES:
1. 22-1802 Approval of the Reinvestment Zone No. 2 Regular Meeting Minutes
Chairman Smith referred to Item 1.
Board Member Pusley made a motion to approve the minutes, seconded by Board
Member Guajardo and passed unanimously.
E. FINANCIAL REPORT:
2. 22-1716 TIRZ #2 Financial Reports as of August 31, 2022
City of Corpus Christi
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Meeting Minutes October 25, 2022
Chairman Smith referred to Item 2.
Director of Finance Heather Hurlbert presented the financial position for the eight months
ending August 31, 2022; and TIRZ No. 2 CIP projects.
There were no questions from the Board Members.
F. EXECUTIVE SESSION ITEMS: (None)
G. AGENDA ITEMS:
3. 22-1747 Motion approving Tax Increment Reinvestment Zone #2 Board Meeting
Calendar and Staff updates on future agenda items, including amending the
project and financing plan, and the extension of the TIRZ #2.
Chairman Smith referred to Item 3.
Director of Finance and Procurement Heather Hurlbert stated that this is the set calendar
for 2023. Special meetings can be added at any time.
There were no questions from the Board Members.
Board Member Chesney made a motion to approve the motion, seconded by Board
Member Guajardo. This Motion was passed and approved with the following vote:
Aye:
12 - Chair Greg Smith, Board Member Barbara Canales, Board Member Paulette Guajardo,
Board Member Gil Hernandez, Board Member Michael Hunter, Board Member Billy A.
Lerma, Board Member John Martinez, Board Member Ben Molina, Board Member Jim
Needham, Vice Chair Mike Pusley, Board Member Laurie Turner, and Board Member
Brent Chesney
sent: 2 - Board Member Roland Barrera, and Board Member Sylvia Oliver
Abstained: 0
4. 22-1862 Motion recommending that City Council extend the term of the Tax Increment
Reinvestment Zone #2 (TIRZ #2) for an additional 20 years with an expiration
date of December 31, 2042.
Chairman Smith referred to Item 4.
Director of Finance and Procurement Heather Hurlbert presented information on the
following topics: agenda; process overview; TIRZ extension steps; recommendations
needing action today; discussion and action at future meetings; TIRZ outlook; anticipated
future development within the zone; current and future revenue; development
progress -Whitecap development; Lake Padre development; extension of term;
permissibility of term; and recommendation for term extension.
Board Members, Director of Finance and Procurement Hurlbert, and Assistant City
City of Corpus Christi
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Meeting Minutes October 25, 2022
Attorney Aimee Alcorn -Reed discussed the following topics: this is the county's first
request for a TIRZ extension; the TIRZ will earn $23.3M a year at 100% contribution for
the next 20 years; the county would like to contribute 75% for the first five years, then
down 5% each year until year ten, and then down to 50% for years 11-20; the reason for
the TIRZ is to capture funds from multiple taxing entities and then dedicate those funds
directly to projects within the TIRZ; the City does not have to comply with the legislation for
a designated reinvestment zone to renew it; does the TIRZ need more than $12M a year
at 50%; staff will bring to the Board a list of recommendations that could be funded with
the TIRZ to benefit the district; if any of this funding is being used to promote the Regional
Parkway; the City sets their contribution percentage, the county's contribution percentage
is set through the interlocal agreement, and different entities can have different
contribution levels; this Board only sets the TIRZ's participation rate; staff will bring this to
Council within the next six months; and public improvement is important for the Island.
Board Member Hunter made a motion to approve the motion, seconded by Board
Member Guajardo.
Board Member Hunter made a motion to amend to add two additional members to be
appointed by City Council on the recommendation of the County, seconded by Board
Member Guajardo and passed unanimously.
Board Member Hunter made a motion recommending that City Council extend the term
of the Tax Increment Reinvestment Zone #2 for an additional 20 years with an expiration
date of December 31, 2042, and to add two additional board members to be appointed
by the City Council on the recommendation of Nueces County, seconded by Board
Member Guajardo and passed with the following vote: Board Members Barrera,
Canales, Chesney, Guajardo, Hunter, Lerma, Martinez, Molina, Needham, Pusley and
Smith voting "yes"; Board Members Oliver and Turner were absent; and Board Member
Hernandez -abstained.
Board Member Hunter made a motion to approve the motion as amended, seconded by
Board Member Guajardo. This Motion was passed as amended and approved with the
following vote:
Aye: 11 - Chair Greg Smith, Board Member Roland Barrera, Board Member Barbara Canales,
Board Member Paulette Guajardo, Board Member Michael Hunter, Board Member Billy A.
Lerma, Board Member John Martinez, Board Member Ben Molina, Board Member Jim
Needham, Vice Chair Mike Pusley, and Board Member Brent Chesney
Absent: 2 - Board Member Sylvia Oliver, and Board Member Laurie Turner
Abstained: 1 - Board Member Gil Hernandez
5. 22-1860 Motion recommending that City Council expand the boundaries of the Tax
Increment Reinvestment Zone #2 (TIRZ #2) to include all portions of the
Whitecap Public Improvement District (PID) that are currently outside of the
zone.
Chairman Smith referred to Item 5.
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Meeting Minutes October 25, 2022
Director of Finance and Procurement Heather Hurlbert presented information on the
following topics: boundary modification; current TIRZ boundaries; proposed TIRZ
boundaries; and Whitecap boundary modification.
Board Members, Director of Finance and Procurement Heather Hurlbert, and Assistant
City Attorney Aimee Alcorn -Reed discussed the following topics: TIRZ funds can be
used for beach infrastructure; and the need for Packery Channel Nature Park is road
infrastructure.
Board Member Hunter made a motion recommending that City Council expand the
boundaries of the Tax Increment Reinvestment Zone #2 to include all portions of the
Whitecap Public Improvement District that are currently outside of the zone, seconded by
Board Member Lerma. This Motion was passed and approved with the following vote:
Board Members Barrera, Canales, Chesney Guajardo, Hernandez, Hunter, Lerma,
Martinez, Molina, Needham, Pusley and Smith voting "yes"; Board Members Oliver and
Turner were absent.
Director of Finance and Procurement Heather Hurlbert stated that the boundary would
contain the county's park area and extending the boundaries along the coastline to
include the county park, along with the Briscoe King Pavilion area. The Board can
recommend to include these areas, and then City Council will approve the metes and
bounds being requested.
Board Members, Assistant City Attorney Aimee Alcorn -Reed, and Director of Finance
and Procurement Hurlbert discussed the following topics: a Board Member's concern
that this item is not on the agenda; and the TIRZ #2 boundary discussion will go to
Council on November 15.
Board Member Chesney made a motion recommending that City Council expand the
boundaries of the Tax Increment Reinvestment Zone #2 to include the areas
recommended by Nueces County, including the Packery Channel Nature Park and Padre
Balli Park, seconded by Board Member Hunter. This Motion was passed and approved
with the following vote:
Aye:
12 - Chair Greg Smith, Board Member Roland Barrera, Board Member Barbara Canales,
Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael
Hunter, Board Member Billy A. Lerma, Board Member John Martinez, Board Member Ben
Molina, Board Member Jim Needham, Vice Chair Mike Pusley, and Board Member Brent
Chesney
Absent: 2 - Board Member Sylvia Oliver, and Board Member Laurie Turner
Abstained: 0
6. 22-1864 Motion recommending the amendment of Tax Increment Reinvestment Zone #2
(TIRZ #2) to include up to $13,000,000 for public infrastructure associated with
the Whitecap Public Improvement District (PID) project, up to $2,000,000 for
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Meeting Minutes October 25, 2022
improvements to R Biscoe King Pavilion, up to $150,000 for a multi -mobility
study for the Zone, and up to $36,400,000 for maintenance to Packery Channel.
Chairman Smith referred to Item 6.
Board Member Chesney stated that the R Briscoe King Pavilion is an aging facility. It
has a boardwalk to the beach and has been on the park board's master plan for years.
Staff recommends that this meets the requirements for funding for the direct benefit of the
TIRZ.
Board Members discussed the following topics: the pavilion is about 2,000 square feet;
this project may cost $3M to $4M; and a smarter financing plan for Briscoe King would
be to get the assessment from the Coastal Parks Board.
Board Member Chesney made a motion recommending the amendment to the Tax
Increment Reinvestment Zone #2 project and financing plan to include up to $2,000,000
for the improvements to R Briscoe King Pavilion, seconded by Board Member Guajardo.
This Motion was passed and approved with the following vote: Board Members Barrera,
Canales, Chesney Guajardo, Lerma, Martinez, Molina, Needham, Pusley and Smith
voting "yes"; and Board Members Hernandez, Hunter, Oliver, Turner were absent.
Aye: 10 Chair Greg Smith, Board Member Roland Barrera, Board Member Barbara Canales,
Board Member Paulette Guajardo, Board Member Billy A. Lerma, Board Member John
Martinez, Board Member Ben Molina, Board Member Jim Needham, Vice Chair Mike
Pusley, and Board Member Brent Chesney
Absent: 4 - Board Member Gil Hernandez, Board Member Michael Hunter, Board Member Sylvia
Oliver, and Board Member Laurie Turner
Abstained: 0
H. PRESENTATION ITEMS: (None)
L ADJOURNMENT:
Chairman Smith recessed the meeting at 10:55 a.m
Chairman Smith reconvened and adjourned this meeting at 3:27 p.m.
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