HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 05/15/2018 ,A7:61/ City Corpus of Cor us Christi 1201 Leopard Street
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Meeting Minutes
Reinvestment Zone No. 3
Tuesday,May 15,2018 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.Huerta called the roll and verified that a quorum of
the Board was present to conduct the meeting.
(Board Member Rubio arrived after the roll call at 9:30 a.m.,Board Members
---- ---- Guajardo and Hunter arrived at 9:31 a.m.;Board Member Lindsey-Opel arrived
at 9:36 a.m.)
Present 12- Chair Carolyn Vaughn, Board Member Rudy Garza, 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 Lucy Rubio,and Board Member Greg Smith
D. MINUTES:
1. Approval of Minutes of the April 24, 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 Molina and passed unanimously(Board Members Guajardo,
---- ---- Hunter,and Lindsey-Opel-absent).
E. FINANCIAL REPORT:
2. TIRZ#3 Financial Reports for March 31, 2018
Chairperson Vaughn referred to Item 2.
Treasurer Constance Sanchez presented the financial report for Reinvestment
Zone No.3 ending March 31,2018 including:the total assets;fund balance;
income statement;total expenditures;transfers;revenues;and commitment
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reports.
C. PUBLIC COMMENT:
None.
F. EXECUTIVE SESSION ITEMS:
G. AGENDA ITEMS:
3. Downtown Development Agreement-Le Meridien Hotel (Old
Nueces County Courthouse)
Motion to approve a Downtown Development Reimbursement
Agreement with Nueces County Courthouse Development Partners,
L.L.C., for improvements to the Old Nueces County Courthouse located
on the 1100 block of North Mesquite Street, for a total incentive amount
not to exceed $1,000,000, which is comprised of incentives under the
Project Specific Development Agreement program.
Chairperson Vaughn referred to Item 3.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
approve a Downtown Development Reimbursement Agreement for Le Meridien
Hotel,located at the site of the Old Nueces County Courthouse.Ms.Barrera
provided information on the terms of the agreement
In response to a board member,Ms.Barrera stated that the first payment will
be paid upon completion of the obligations including:construction of the hotel;
receipt of the certificate of occupancy;and verification of payment of taxes.
Board Member Jones made a motion to approve Item 3,seconded by Board
Member Jackson and passed unanimously(Board Member Lindsey-Opel-
absent).
4. Downtown Development Agreement-Nueces Brewing Company
(Third Coast Beer, LLC.)
Motion to approve a Downtown Development Reimbursement
Agreement with Third Coast Beer, L.L.C., dba Nueces Brewing
Company, for improvements to the property located at 401 Water Street,
for a total incentive amount not to exceed $61,700, which is comprised of
incentives under the New Commercial Tenant Finish Out Grant Program.
Chairperson Vaughn referred to Item 4.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
approve a Downtown Development Reimbursement Agreement with Third
Coast Beer,L.L.C.dba Nueces Brewing Company,for a New Commercial
Tenant Finish Out Grant for a total amount not to exceed$61,700.
Board members and Ms.Barrera discussed the following topics:landscaping
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and exterior lighting.
Board Member Garza made a motion to approve Item d,seconded by Board
Member Guajardo and passed unanimously(Board Member Lindsey-Opel-
absent).
5. Downtown Development Agreement-Nueces Brewing Company
(Stonewater Properties Water Street, Inc.)
Motion to approve a Downtown Development Reimbursement
Agreement with Stonewater Properties Water Street, Inc., for
improvements to the property located at 401 Water Street, for a total
incentive amount not to exceed $200,000,which is comprised of
incentives under the Project Specific Development Agreement program.
Chairperson Vaughn referred to Item 5.Alyssa Barrera,Executive Director of
the Downtown Management District stated that the purpose of this item is to
approve a Downtown Development Reimbursement Agreement with
Stonewater Properties Water Street,Inc.under the Project Specific
Development Agreement program for a total amount not to exceed$200,000.
The work includes roof repairs,drainage,parking,sidewalks and other
exterior improvements.
A board member discussed providing the renderings of the building to the
public.
Board Member Lindsey-Opel made a motion to approve Item 5,seconded by
Board Member Hunter and passed unanimously.
6. Off-Street Parking Improvement Program
Motion creating the Off-Street Parking Improvement Program as
recommended by the Downtown Management District and authorizing the
City Manager, or designee, to approve agreements not to exceed
$20,000 with property owners under this program. Agreements over
$20,000 will be brought to the Board for review and approval.
Chairperson Vaughn referred to Item 6.Alyssa Barrera,Executive Director of
the Downtown Management District,stated that the purpose of this item is to
create the Off-Street Parking Incentive Program.Ms.Barrera presented the
following information:the program details;eligible improvements;a list of
priorities;and the ten proposed target project locations.
Board members and Ms.Barrera discussed the following topics:the funding
budgeted for the program;a list of priorities and criteria;the status of the
program for privatized garages;and the ten target projects.
Board Member Garza made a motion to approve Item 6,seconded by Board
Member Molina and passed unanimously.
7. Streetscape and Safety Improvement Program
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Motion creating the Streetscape and Safety Improvement Program as
recommended by the Downtown Management District and authorizing the
City Manager, or designee, to approve agreements not to exceed
$10,000 with property owners under this program. Agreements over
$10,000 will be brought to the Board for review and approval.
Vice Chairperson Lindsey-Opel referred to Item 7.Alyssa Barrera,Executive
Director of the Downtown Management District stated that the purpose of this
item Is to create a Downtown Streetscape and Safety Improvement Program.
The program is designed to assist property owners with improvements to the
Right-of-way,Facades and Alleys.Ms.Barrera presented the following
information:the program details;eligible projects;and the program structure
as follows:to pay up to 50%rebate of eligible project costs up to a maximum
grant of$10,000 per property;or if property owner expends$5,000 or more in
repairs,the TIRZ#3 will pay 100%of repair costs.
Board members and Ms.Barrera discussed the following topics:the program
structure;prioritizing street projects in conjunction with City street repairs;
criteria for repairs;the City's practice for replacing sidewalks in the easement
reimbursing property owners for making repairs being less expensive than the
City doing the repairs;valuations in the downtown area;the challenges with
property owners taking on sidewalk repairs;use of existing IDIIO contracts for
sidewalk repairs;loading and unloading zones;the percentage of bad
sidewalks in the downtown area; placing a cap on the repairs the TIRZ#3 will
reimburse;permitting costs;consideration to reimburse based on square
footage;the average costs to replace sidewalks;underground infrastructure;
how urban design standards are determined;and the projected amount and
cost to fix sidewalks in the downtown area.
Board Member Rubio made a motion to table Item 7,seconded by Board
Member Garza and passed unanimously.
H. PRESENTATION ITEMS:
8. FY 18-19 Proposed Budget&Project Plan
Vice Chairperson Lindsey-Opel referred to Item 8.Arlene Medrano,Office of
Business Liaison,stated that the purpose of this item is to present the proposed
FY2018-2019 Budget and Project Plan.Ms.Medrano presented the following
information:the budget schedule;TIRZ#3 annual revenue history;types of
revenue and expenditures;the TIRZ#3 FY2019 Project Plan;the FY2019 TIRZ#3
Budget;and the status of the Project Incentives Program and Initatives.
Board members and staff discussed the following topics:the proposed total
expenditures for FY2019;an evaluation of existing programs and initatives;an
analysis of property values to evaluate the effectiveness of programs;
identifying other program initiatives for the downtown area;and benchmarks
for programs.
IDENTIFY FUTURE AGENDA ITEMS:
Vice Chairperson Lindsey-Opel referred to Identify Future Agenda Items.The
following items were identified:a resolution regarding the Project Plan;the
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FY2018-2019 proposed budget;the monthly update regarding TIRZ it3 approved
programs and Initiatives;and the TIRZ 83 contract language,Including that
there will be no accelerating payments.
J. ADJOURNMENT
The meeting was adjourned at 10:29 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 Me 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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