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HomeMy WebLinkAboutMinutes Reinvestment Zone No. 2 - 05/14/2024 - SpecialCity of Corpus Christi Meeting Minutes Reinvestment Zone No. 2 - Island 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Tuesday, May 14, 2024 9:30 AM Council Chambers SPECIAL MEETING A. Chairman Daniel R. Suckley to call the meeting to order. Chairman Suckley called the meeting to order at 9:34 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 9 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Vice Chair Mike Pusley, Chair Dan Suckley, Board Member Sylvia Campos, Board Member Jim Klein, Board Member Brent Chesney, and Board Member Everett Roy Absent 5 - Board Member Michael Hunter, Board Member Libby Averyt, Board Member Connie Scott, Board Member John Marez, and Board Member Joe A. Gonzalez C. PUBLIC COMMENT: Chairman Suckley referred to Public Comment. There were no comments from the public. D. MINUTES: 1. 24-0748 Approval of the July 18, 2023 Regular Meeting Minutes, and September 19, 2023 and January 23, 2024 Special Meeting Minutes Chairman Suckley referred to Item 1. Board Member Pusley moved to approve the minutes, seconded by Board Member Barrera and passed unanimously. Aye: 9 Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Mike Pusley, Board Member Dan Suckley, Board Member Sylvia Campos, Board Member Jim Klein, Board Member Brent Chesney, and Board Member Everett Roy Absent: 5 - Board Member Michael Hunter, Board Member Libby Averyt, Board Member Connie Scott, Board Member John Marez, and Board Member Joe Gonzalez Abstained: 0 City of Corpus Christi Page 1 Printed on 5/20/2024 Reinvestment Zone No. 2 - Island Meeting Minutes May 14, 2024 E. FINANCIAL REPORT: 2. 24-0758 TIRZ #2 Financial Reports as of March 31, 2024 Chairman Suckley referred to Item 2. Chief Financial Officer Constance Sanchez presented information on the following topics: financial position for the six months ended March 31, 2024; and TIRZ No. 2 CIP projects. Board Members and Assistant City Manager Heather Hurlbert discussed the following topics: the participation level of the three taxing entities; and there is no limitation on how much can be awarded on a specific project. F. EXECUTIVE SESSION ITEMS: (NONE) G. AGENDA ITEMS: 3. 24-0738 Resolution authorizing developer reimbursement agreement with Lake Padre Development Company, LLC and City of Corpus Christi TIRZ #2, to reimburse and compensate developer the total amount of all such reimbursement for Eligible Infrastructure that may not exceed $17,849,990.00. Chairman Suckley referred to Item 3. Assistant City Manager Heather Hurlbert presented information on the following topics: Lake Padre development highlights; master plan includes; concept plan; phasing; public improvements approved for reimbursement; Promenade renderings; and staff recommends approval of developer reimbursement agreement. A Board Member and Assistant City Manager Hurlbert discussed the following topic: currently no program in the project and financing plan focuses on infrastructure. Board Member Pusley moved to approve the resolution, seconded by Board Member Barrera. This Resolution was passed and approved with the following vote: Aye: 8 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Mike Pusley, Board Member Dan Suckley, Board Member Sylvia Campos, Board Member Jim Klein, and Board Member Everett Roy Absent: 5 - Board Member Michael Hunter, Board Member Libby Averyt, Board Member Connie Scott, Board Member John Marez, and Board Member Joe Gonzalez Abstained: 1 - Board Member Brent Chesney H. PRESENTATION ITEMS: 4. 24-0739 Discussion and possible action on the amendment of the Tax Increment City of Corpus Christi Page 2 Printed on 5/20/2024 Reinvestment Zone No. 2 - Island Meeting Minutes May 14, 2024 Financing Zone #2 (TIRZ #2) budget to include an amount of $400,000 for design of Commodore Park. Chairman Suckley referred to Item 4. Assistant City Manager Heather Hurlbert presented information on the following topics: overview; Commodore Park; and proposed design phases. Board Member and Assistant City Manager Hurlbert discussed the following topics: a skate park at Commodore Park will be included as a future amenity in the master plan; a concern about building additional swimming pools and splash pads during the drought; and the pickleball courts could possibly be managed by the Parks and Recreation Department. Board Member Barrera moved to amend the Tax Increment Financing Zone #2 budget to include an amount of $400,000 for design of Commodore Park, seconded by Board Member Pusley and passed unanimously. Board Member Barrera moved to approve the motion as amended, seconded by Board Member Pusley. This Motion was passed and approved as amended with the following vote: Aye: 9 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Mike Pusley, Board Member Dan Suckley, Board Member Sylvia Campos, Board Member Jim Klein, Board Member Brent Chesney, and Board Member Everett Roy Absent: 5 - Board Member Michael Hunter, Board Member Libby Averyt, Board Member Connie Scott, Board Member John Marez, and Board Member Joe Gonzalez Abstained: 0 5. 24-0740 Update on TIRZ #2 Chairman Suckley referred to Item 5. Assistant City Manager Heather Hurlbert presented information on the following topics: Packery Channel capital repairs; North Padre Island Seawall improvements; effluent water line rehabilitation and extension project; Packery Channel and sidewalk TDEM restoration project; paper street project; Lake Padre Island development update; Whitecap development update; total funding allocated; and fiscal year 2025 budget. Board Members, City Manager Peter Zanoni, Assistant City Manager Hurlbert, and Director of Engineering Services Jeff Edmonds discussed the following topics: a Board Member's request for a schedule of the $1.5 million capital repairs to the Packery Channel; whether the engineering design needs to be re-examined for the North Padre Island Seawall due to different conditions; and a recommendation to consider in the budget process the second causeway from Padre Island, as well as an update on the environmental study. City of Corpus Christi Page 3 Printed on 5/20/2024 Reinvestment Zone No. 2 - Island Meeting Minutes May 14, 2024 I. ADJOURNMENT There being no further business, Chairman Suckley adjourned this meeting at 10:18 a.m. City of Corpus Christi Page 4 Printed on 5/20/2024