HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 07/24/2018 /��I1201 Leopard Street City of Corpus Christi Corpus Christi,Tx 78401
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Meeting Minutes
Reinvestment Zone No. 3
Tuesday,July 24,2018 9:30 AM City Council Chambers
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 9:30 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Rebecca L.Muerte called the roll and verified that a quorum of
the Board was present to conduct the meeting.
(Board Member Guajardo arrived at 9:32 a.m.;Board Member Hunter arrived at
9:37 a.m.;and Board Member McComb arrived at 9:44 a.m.)
Present 10- 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 Greg Smith,and Board Member Rudy
Garza
Absent 2- Board Member Everett Roy,and Board Member Lucy Rubio
C. PUBLIC COMMENT:
Chairperson Vaughn referred to comments from the public.Richard Throop,
4825 Everhart Road,CEO of the Corpus Christi Association of Realtors,spoke
regarding the Association's concerns regarding the downtown vacant building
ordinance including:the registration fee;the ordinance not specifying
commercial buildings;and identifying property owners.
LI. muIstITES:
1. Approval of Minutes of the June 26, 2018 Regular Meeting
Chairperson Vaughn referred to approval of the minutes.Board Member Garza
made a motion to approve the minutes,seconded by Board Member
Lindsey-Opel and passed unanimously(Board Members Hunter,McComb,Roy
and Rubio-absent.
E. FINANCIAL REPORT:
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2. TIRZ#3 Financial Reports for May 31, 2018
Chairperson Vaughn referred to Item 2.
Treasurer Constance Sanchez presented the financial report for Reinvestment
Zone No.3 ending May 31,2018 including:total assets;income statement;
revenue;total expenditures;transfers;fund balance;and contract and
commitment reports.
F. EXECUTIVE SESSION ITEMS: None
G. AGENDA ITEMS:
3. Fiscal Year 2018-2019-Operating Budget
Resolution approving the proposed FY 2018-2019 Budget for the
Reinvestment Zone Number Three (TIRZ#3), Fund#1112.
Chairperson Vaughn referred to Item 3.
Arlene Medrano,Office of Business Liaison,stated that the purpose of this item
is to approve the proposed FY2018-2019 operating budget for the Reinvestment
Zone No.3.Ms.Medrano presented the following information:the beginning
fund balance;and total proposed revenues and expenditures.
In response to a board member,Ms.Medrano stated that property tax
estimates are based on a conservative 2%estimate.
Board Member Smith made a motion to approve Item 3,seconded by Board
Member Guajardo and passed unanimously(Board Members McComb,Roy,
and Rubio-absent).
4. Fourth Amendment to TIRZ#3 Project& Financing Plan
Resolution approving a Fourth Amendment to the Tax Increment
Reinvestment Zone#3 Amended Project&Financing Plan
Chairperson Vaughn referred to Item 4.
Arlene Medrano,Office of the Business Liaison,stated that the purpose of this
item is to approve the fourth amendment of the TIRZ A3 Project and Financing
Plan.Staff is proposing the following:update language to Indicate the
-- Downtown Area Development Plan as complete;extend the incentive
programs for an additional three-year period;provide an updated Sources of
Revenue table showing projected TIRZ revenue; provide funding for the
implementation of the Parking Action Plan;and identify changes to other
programs and initiatives undertaken by the Downtown Management District.
Board Member Jones made a motion to approve Item 4,seconded by Board
Member Lindsey-Opel and passed unanimously(Board Members McComb,Roy
and Rubio-absent).
5. Approval of TIRZ#3 Reimbursement for Cre8ive Culture
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Motion approving the reimbursement request from Cre8ive Culture,
L.L.C., under the New Tenant Commercial Finish Out Grant Program for
423 William and authorizing the expenditure of$6,910 from Fund 1112
Reinvestment Zone No. 3.
Chairperson Vaughn referred to Bern 5.
Executive Director of the Downtown Management District Alyssa Barters stated
that the purpose of this item is to approve a reimbursement to CreSive Culture
for renovations through the New Tenant Commercial Finish Out Grant
Program.CreBive Culture has invested approximately$35,000 in renovations,
received a Certificate of Occupany and requests reimbursement of$8,910.Ms.
Beware provided before-and-after photographs of the renovations.
Board Member Jackson made a motion to approve Item 8,seconded Board
Member Hunter and passed unanimously(Board Members McComb,Roy,and
Rubio-absent).
6. Downtown Development Agreement-Moonshine and Ale/Whiskey
Rodeo Saloon
Motion to approve a Downtown Development Reimbursement
Agreement with Moonshine Ale Ventures, LLC and Whiskey Rodeo
Saloon Ventures, LLC,for improvements to the property located at 301
and 305 N. Chaparral Street for a total incentive amount not to exceed
$100,000 which is comprised of incentives under the Chaparral Street
Property Improvement Grant Program.
Chairperson Vaughn referred to Item 8.
Executive Director of the Downtown Management District Alyssa Barrens stated
that the purpose of this item is to approve a Downtown Development
Reimbursement Agreement with Moonshine Ale Ventures and Whiskey Rodeo
Saloon Ventures LLC at 301 and 306 N.Chaparral Street for a dueling piano
bar and a dance hall.Perry Thomson,Owner,responded to questions.
Board members spoke regarding the following topics:information regarding
the dueling piano bar;the operations at the venue;dress code;participation by
local musicians;the permitting process and use of local contractors;the
smoking policy;and the timeline for the project
Board Member Lindsey-Opel made a motion to approve Item 8,seconded by
Board Member Guajardo and passed unanimously(Board Members Roy and
Rubio-absent).
7. Downtown Development Agreement-Moonshine and Ale(Centre
Theatre, LLC)
Motion to approve a Downtown Development Reimbursement
Agreement with Centre Theatre, LLC, for improvements to the property
located at 301 and 305 N. Chaparral Street for a total incentive amount
not to exceed $18,964,which is comprised of incentives under the
Chaparral Street Property Improvement Grant.
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Chairperson Vaughn referred to Item 7.
Executive Director of the Downtown Management District Alyssa Barrera stated
that the purpose of this item is to approve a Downtown Development
Reimbursement Agreement with Centre Theatre,LLC for HVAC system
improvements to the property located at 301 and 305 N.Chaparral Street
Board Member Lindsey-Opel made a motion to approve Item 7,seconded by
Board Member Molina and passed unanimously(Board Members Roy and
Rubio-absent).
8. Memorandum of Understanding-Corpus Christi Patch, Inc. (The
Ritz Theatre)
Motion to approve a Memorandum of Understanding with Corpus Christi
PATCH, Inc. to set aside funding for the proposed improvements to the
property located 715 N. Chaparral for a total incentive amount not to
exceed $100,000 which is comprised of incentives under the Chaparral
Street Property Improvement Grant Program.
Chairperson Vaughn referred to Item 8.
Executive Director of the Downtown Management District(DMD)Alyssa Barrera
stated that the purpose of this item is to approve a Memorandum of
Understanding(MOU)with Corpus Christi PATCH,Inc.for the proposed
renovation of the Ritz Theatre.Ms.Barrera presented the following
information:an overview of the MOU;a history of the Ritz Theatre;the project
scope for Phase t,repair and rehabilitation;Phase 2 programs and activities;
the Quo Bueno Taco Festival;and the DMD's recommendation.Monica McLeod
Sawyer,Corpus Christi PATCH,Inc.responded to board members'questions.
Board members and Ms.Sawyer discussed the following topics:the factors that
have changed since the TIRZ s9 Board indicated potential support for a MOU in
2018;B there is a historical designation currently on the structure;if revenue
generation is sustainable;the timeframe for Corpus Christi PATCH to raise
$100,000 in matching funds;comedy,music and film being the focus of
performances at the Ritz Theatre;the business model for the Ritz Theatre;a list
of performances held at the Ritz Theatre in the past;concern the developer
has a historical designation on the Ritz Theatre and the impact on the City
should the project not move forward;and the proposed renovations.
Board Member McComb made a motion to approve Item 8,seconded by Board
Member Lindsey-Opel and passed unanimously(Board Members Roy and
Rubio-absent).
H. PRESENTATION ITEMS:
9. Update on Downtown Brand
Mayor McComb referred to Item 9.
Executive Director of the Downtown Management District Alyssa Barren stated
that the purpose of this item is to provide an update on Downtown Branding.
The brand launch will be held Thursday,August 9,2018 at The Cosmopolitan.
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Ms.Barrera presented the following information:an overview of the
presentation provided to the TIRZ 43 Board in 2017;the brand logo;the brand
concept;the color palate identifying each district a map of the districts;
examples of district signage;the logos for each district;examples of
streetscape improvements;and implementation.
Board members discussed the following topics:if the medical district has
agreed to join the Downtown Management District and the use of interactive
kiosks in place of wayfinding.
10. Update of TIRZ#3 Approved Programs and Initiatives-July 2018
Chairperson Vaughn referred to Item 10.
Arlene Medrano,Office of Business Liaison,presented the status of the Project
Incentives Program and Initiatives in the July 2018 report.
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Vaughn referred to Identify Future Agenda Items.The following
items were identified:the financial report;the application regarding the
streetscape and safety program;and options regarding wayfinding with the
new Harbor Bridge.
J. ADJOURNMENT
The meeting was adjourned at 10:53 a.m.
'Regardless of the agenda heading under which any item is listed,any word or phrase of any item listed on Nis 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 vole upon any such subject and resolutions related thereto.Any deschptgns of
properly or amounts stated M this agenda are descriptive and not restrictive,and properly 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 wnantly 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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