HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 03/21/2023City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 2 - Island
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Tuesday, March 21, 2023
9:30 AM Council Chambers
A. Chairman Daniel Suckley to call the meeting to order.
Chairman Suckley called the meeting to order at 9:39 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Rebecca Huerta called the roll and verified that a quorum of the Board
was present to conduct the meeting.
Note: Board Member Averyt participated by video conference. Board Members
Hernandez and Campos arrived at 9:43 a.m.
Present 11 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Vice Chair Mike Pusley, Board Member
Brent Chesney, Chair Dan Suckley, Board Member Libby Averyt, Board Member Sylvia
Campos, Board Member Everett Roy, and Board Member Connie Scott
Absent 1 - Board Member Jim Klein
C. PUBLIC COMMENT:
Chairman Suckley referred to Public Comment.
There were no comments from the public.
D. MINUTES:
1. 23-0325 Approval of the October 25, 2022 Regular Meeting Minutes and November 1,
2022 Special Meeting Minutes.
Chairman Suckley referred to Item 1.
Board Member Hunter moved to approve the minutes, seconded by Board Member
Guajardo and passed unanimously.
E. FINANCIAL REPORT:
2. 23-0275 TIRZ #2 Financial Reports as of December 31, 2022
Chairman Suckley referred to Item 2.
City of Corpus Christi
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Reinvestment Zone No. 2 - Island
Meeting Minutes March 21, 2023
Director of Finance Heather Hurlbert presented information on the following topics:
financial position for the three months ended December 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. 23-0388 Motion to authorize a Development Reimbursement Agreement with Diamond
Beach Holdings, LLC, located in the Tax Increment Reinvestment Zone No. 2
in an amount not to exceed $11,500,000 for public improvements related to
the large-scale development in the Zone.
Chairman Suckley referred to Item 3.
Staff withdrew this item for further review by the developer and will present it to the
Board in April for consideration.
Board Member Chesney made a motion to table this item, seconded by Board
Member Pusley and approved with the following vote:
Aye:
11 Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board
Member Brent Chesney, Board Member Dan Suckley, Board Member Libby Averyt,
Board Member Sylvia Campos, Board Member Everett Roy, and Board Member Connie
Scott
Absent: 1 - Board Member Jim Klein
Abstained: 0
H. PRESENTATION ITEMS:
4. 23-0522 Briefing on public infrastructure associated with the Lake Padre Development
Project
Director of Finance Heather Hurlbert presented information on the following topics:
recent projects completed by the developer: The Bevy Hotel; Sobo (South Boerne);
Highway 46 Commercial -Boerne; The Crossing at Sobo; The Ranch at Cibolo Creek
Apartments; Lake Padre development highlights; concept plan; master plan;
infrastructure phases; phasing timeline; phasing; public improvements request for
reimbursement; tax increment reinvestment zone; promenade; public infrastructure
benefits; and cost for public improvements.
Board Members, Director of Finance Hurlbert, and City Manager Peter Zanoni
discussed the following topics: a Board Member's request to ensure that crossovers
maintain the same height above the water like the new bridge; the golf cart bridge will
have ramps that will connect to the passageways on the Park Road 22 Bridge; the
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Reinvestment Zone No. 2 - Island
Meeting Minutes March 21, 2023
developer is asking for $20 million and will be subject to the increment built by the
development; the TIRZ will fund the full $20 million depending on the build out and the
contribution percentage; the TIRZ boundary includes the portion of Whitecap
Boulevard and will expand to Bob Hall Pier; a Board Member's request for staff to
include traffic impacts with this new development; the funding levels will be presented
to the Board in April; and Council voted in support of the regional parkway and second
bridge to the island.
I. ADJOURNMENT
There being no further business, Chairman Suckley adjourned this meeting at 10:04
a.m.
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