HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 12/04/2018 - Special City of Corpus Christi 1201 Leopard Street
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- Meeting Minutes
Reinvestment Zone No. 3
Tuesday,December 4,2018 9:30 AM City Council Chambers
Special Meeting
Persons with disabilities who plan to attend this meeting and who may need auxiliary
aids or services are requested to contact the City Secretary's office (at 361-826-3105) at
least 48 hours in advance so that appropriate arrangements can be made.
A. Chairperson Carolyn Vaughn to call the meeting to order.
Chairperson Vaughn called the meeting to order at 9:32 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Rebecca L.Huerta called the roll and verified that a quorum of
the Board was present to conduct the meeting.
(Board Member McComb arrived at 9:34 a.m.; Board Member Smith arrived at
9:35 a.m.;Board Member Hunter arrived at 9:37 a.m.)
Present 11 - Chair Carolyn Vaughn, Board Member Paulette Guajardo, Board Member
Michael Hunter, Board Member Claudia Jackson, Board Member Al Jones,
Vice Chair Debbie Lindsey-Opel, Board Member Joe McComb, Board
Member Ben Molina, Board Member Everett Roy, Board Member Greg
Smith, and Board Member Rudy Garza
C. PUBLIC COMMENT:
None.
D. MINUTES: (None)
E. FINANCIAL REPORT: (None)
F. EXECUTIVE SESSION ITEMS: (1-1)
Chairperson Vaughn referred to the day's executive session.The Board went
into executive session at 9:32 a.m.The Board returned from executive session
at 9:41 a.m.
1. 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 economic
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SCANNED
Reinvestment Zone No.3 Meeting Minutes December 4,2018
development agreement(s) involving H2O Market Trust and/or other
persons or entities desiring to engage in commercial development at or
in the vicinity of 312 N Chaparral Street; and pursuant to Texas
Government Code§551.087 to discuss or deliberate regarding
commercial or financial information relating to some or all of the
aforementioned matters) or entities that the governing body seeks to
have locate, stay, or expand within the City limits and with which the
governing body is conducting economic development negotiations and/or
financial or other incentives involving said business prospect, and
possible action related to the aforementioned matters in open session.
Chairperson Vaughn referred to Item 1 and the following motion was
considered:
Motion authorizing the City Manager,or designee,as an agent of the TIRZ#3,
to execute a Downtown Reimbursement Agreement with H2O Market Trust,for
improvements to the property located at 312 North Chaparral Street for a total
incentive not to exceed$20,740 under the Chaparral Street Improvement Grant
Program.
Board Member Roy made a motion to approve the motion,seconded by Board
Member Molina and passed unanimously(Board Member McComb-absent).
G. AGENDA ITEMS: (2-6)
2. Approval of TIRZ#3 Reimbursement for Therese Cassidy
Motion approving the reimbursement request from Therese Cassidy
under the Downtown Development Reimbursement Agreement for 903 N.
Chaparral Street and authorizing the expenditure of$8,439.
Chairperson Vaughn referred to Item 2.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
approve a reimbursement request from Therese Cassidy for Chels Marie
Boutique in the amount of$8,439.
Board Member Garza made a motion to approve Item 2,seconded by Board
Member Hunter and passed unanimously.
3. 1st Amendment for Shoreline Hospitality
Motion approving Amendment No. 1 to the Downtown Development
Reimbursement Agreement for Shoreline Hospitality, LP, which provides
that the Developer must complete improvements on or before August 31,
2019.
Chairperson Vaughn referred to Item 3.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
extend the performance deadline requirement for Shoreline Hospitality,LP for
the Marriott Residence Inn Hotel to August 31,2019.
Board Member Lindsey-Opel made a motion to approve Item 3,seconded by
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Board Member Garza and passed unanimously.
4. 1st Amendment for Third Coast Beer, LLC dba Nueces Brewing
Motion approving Amendment No. 1 to the Downtown Development
Reimbursement Agreement for Third Coast Beer, LLC which provides
that the Developer must complete improvements on or before April 30,
2019.
Chairperson Vaughn referred to Item 4.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
extend the performance completion date requirement for Third Coast Beer,
LLC dba Nueces Brewing Company,located at 401 S.Water Street,to April 30,
2019.
Board Member Smith made a motion to approve Item 4,seconded by Board
Member Molina and passed unanimously.
5. 1st Amendment for Stonewater Properties Water Street, Inc.
Motion approving Amendment No. 1 to the Downtown Development
Reimbursement Agreement with Stonewater Properties Water Street,
Inc., which provides that the Developer must complete improvements on
or before March 31, 2019.
Mayor McComb referred to Item 5.Alyssa Barrera,Executive Director of the
Downtown Management District,stated that the purpose of this item is to
extend the performance completion date requirement for Stonewater
Properties Water Street Inc.to March 31,2019.
Board Member Roy made a motion to approve Item 5,seconded by Board
Member Guajardo and passed unanimously.
6. 2nd Amendment for Stonewater Projects (Studio 44& Broadway
Lofts)
Motion approving Amendment No. 2 to the Downtown Development
Reimbursement Agreement for Studio 44 Apartments f/k/a "Studio 21",
Broadway Lofts, and the related Parking Facilities with Stonewater
Properties 723 Broadway LLC and Stonewater Properties Carancahua
Inc., which provides an extension of the deadline for completion of the
three phases of the Development.
Chairperson Vaughn referred to Item 6.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
extend the following performance completion deadlines for Studio 44
Apartments: Phase 1,March 31,2019; Phase 2,December 31,2020;and Phase
3,December 31,2020.
Board members spoke regarding the construction being performed and if units
would be rented before starting Phase 2.
Board Member Lindsey-Opel made a motion to approve Item 6,seconded by
Board Member Garza and passed unanimously.
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H. PRESENTATION ITEMS: (None)
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Vaughn referred to Identify Future Agenda Items.The following
items were identified:the financial report;the Downtown Management
District's annual report;TIRZ#3 annual calendar and report;and updates on
programs and incentives.
J. ADJOURNMENT
The meeting was adjourned at 9:48 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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