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HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 06/11/2024City of Corpus Christi Meeting Minutes Reinvestment Zone No. 2 - Island 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Tuesday, June 11, 2024 9:00 AM Council Chambers A. Chairman Daniel R. Suckley to call the meeting to order. Chairman Suckley called the meeting to order at 9:06 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. Present 10 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael Hunter, Vice Chair Mike Pusley, Chair Dan Suckley, Board Member Libby Averyt, Board Member Sylvia Campos, Board Member Jim Klein, and Board Member Everett Roy Absent 4 - Board Member Connie Scott, Board Member John Marez, Board Member Joe A. Gonzalez, and Board Member Brent Chesney C. PUBLIC COMMENT: Chairman Suckley referred to Public Comment. There were no comments from the public. D. MINUTES: 1. 24-0940 Approval of the May 14, 2024 Special Meeting Minutes Chairman Suckley referred to Item 1. Board Member Barrera moved to approve the minutes, seconded by Board Member Klein and passed unanimously. Aye: 10 Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board Member Dan Suckley, Board Member Libby Averyt, Board Member Sylvia Campos, Board Member Jim Klein, and Board Member Everett Roy Absent: 4 - Board Member Connie Scott, Board Member John Marez, Board Member Joe Gonzalez, and Board Member Brent Chesney Abstained: 0 E. FINANCIAL REPORT: City of Corpus Christi Page 1 Printed on 6/24/2024 Reinvestment Zone No. 2 - Island Meeting Minutes June 11, 2024 2. 24-0889 TIRZ #2 Financial Reports as of April 30, 2024 Chairman Suckley referred to Item 2. Assistant City Manager Heather Hurlbert presented information on the following topics: financial position for the seven months ended April 30, 2024; TIRZ No. 2 CIP projects; TIRZ No. 2 commitments as of April 30, 2024; and TIRZ No. 2 commitments as of April 30, 2024. There were no comments from the Board Members. F. EXECUTIVE SESSION ITEMS: (NONE) G. AGENDA ITEMS: (NONE) H. PRESENTATION ITEMS: 3. 24-0945 Update on North Padre Island Seawall Improvements Chairman Suckley referred to Item 3. Director of Engineering Services Jeff Edmonds presented information on the following topics: Michael J. Ellis Seawall-1970's; Michael J. Ellis Seawall -today; North Padre Island Seawall -history; FY 2024 CIP project; important background; current Seawall status; proposed Seawall status; North Padre Island Seawall in 1980 after damage from Hurricane Allen; FEMA PA Program; actions completed; next steps; and required legal actions. Board Members, City Manager Peter Zanoni, Director Edmonds, and Assistant City Manager Heather Hurlbert discussed the following topics: the City's reason for proposed spending of $15 million to upgrade the seawall; the City will not take ownership of the seawall, but would need governing stewardship that would allow the City to apply for grants and to repair the seawall; this project will be paid through the TIRZ funds; the property owners want the City to assume responsibility of the seawall in the event of a major disaster; and whether a private sector can manage the construction of the seawall at a lower cost than the City. 4. 24-0942 Presentation and Discussion on the Proposed FY 2024-2025 Tax Increment Reinvestment Zone (TIRZ) #2 Chairman Suckley referred to Item 4. Assistant City Manager Heather Hurlbert presented information on the following topics: budget overview; budgeted revenues; proposed expenses; FY 25 budgeted projects; discussion; and economic development staff update. City of Corpus Christi Page 2 Printed on 6/24/2024 Reinvestment Zone No. 2 - Island Meeting Minutes June 11, 2024 Board Members and Assistant City Manager Hurlbert discussed the following topics: the $1.25 million will go into the TIRZ #2 Capital Improvement Plan to fund bigger projects; and to consider a stakeholder group for potential business development on the island. I. ADJOURNMENT There being no further business, Chairman Suckley adjourned this meeting at 10:06 a.m. City of Corpus Christi Page 3 Printed on 6/24/2024