HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 04/24/2018 1201 Leopard Street
City of Corpus Christi
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Reinvestment Zone No. 3
Tuesday,April 24,2018 9:30 AM City Council Chambers
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 Hunter arrived at 9:32 a.m.;Board Member Lindsey-Opel
arrived at 9:50 a.m.)
Present 11 - Chair Carolyn Vaughn, Board Member Rudy Garza, Board Member Paulette
Guajardo, Board Member Michael Hunter,Board Member Claudia Jackson,
Board Member Al Jones, Board Member Debbie Lindsey-Opel, Board
Member Joe McComb, Board Member Ben Molina, Board Member Lucy
Rubio,and Board Member Greg Smith
C. PUBLIC COMMENT:
None.
D. MINUTES:
1. Approval of Minutes of the March 27, 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 McComb and passed unanimously(Board Members Hunter and
Lindsey-Opel-absent).
E. FINANCIAL REPORT:
2. TIRZ#3 Financial Reports for February 28, 2018
Chairperson Vaughn referred to Item 2.
Treasurer Constance Sanchez presented the financial report for Reinvestment
Zone No.3 ending February 28,2018 including:the total assets;income
statement;total expenditures'commitment reports;transfers;revenues;and
the fund balance.
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F. EXECUTIVE SESSION ITEMS:
Chairperson Vaughn referred to the day's executive sessions.The Board went
into executive session at 9:33 a.m.The Board returned from executive session
at 10:30 a.m.
3. 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
development agreement(s)involving Improvement Network Development
Partners, L.L.C., Nueces County Courthouse Development Partners,
L.LC., and/or other entities desiring to engage in commercial
development at or in the vicinity of the corner or North Mesquite Street
and Belden 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 matter(s)or
entities that the Corporation seeks to have locate, stay, or expand within
the City limits and with which the Corporation 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 3 and the following motion was
considered:
Motion directing City staff,as an agent of TIRZ 83,to prepare a Downtown
Development Reimbursement Agreement with Nueces County Courthouse
Development Partners,LLC,for improvements to the old county courthouse
property located at Mesquite Street and Belden Street for a total incentive
amount not to exceed$1,000,000 over 10 years under the Project Specific
Development agreement program,the incentive being contingent on the
subsequent execution of an agreement and approval of the agreement by the
Board.
Board Member Jones made a motion to approve the motion,seconded by
Board Member Rubio and passed unanimously.
4. 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
development agreement(s) involving Third Coast Beer, LLC, Stonewater
Properties Water Street, Inc., and/or other entities desiring to engage in
commercial development at or in the vicinity of 401 Water 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 matter(s)or entities that the Corporation
seeks to have locate, stay, or expand within the City limits and with which
the Corporation is conducting economic development negotiations
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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 4 and the following motions were
considered:
Motion directing City staff,as an agent of TIRZ#3,to prepare a Downtown
Development Reimbursement Agreement with Third Coast Beer,LLC,dba
Nueces Brewing Company,for improvements to the property located at 401
Water Street for a total incentive amount not to exceed$61,700 under the New
Commercial Tenant Finish Out Grant Program,the incentive being contingent
on the subsequent execution of an agreement and approval of the agreement
by the Board.
Board Member Lindsey-Opel made a motion to approve the motion,seconded
by Board Member Molina and passed unanimously.
Motion directing City staff,as an agent of TIRZ#3,to prepare 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 over 5 years under the Project
Specific Development agreement program,the incentive being contingent on
the subsequent execution of an agreement and approval of the agreement by
the Board.
Board Member Lindsey-Opel made a motion to approve the motion,seconded
by Board Member Molina and passed unanimously.
5. 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
development agreement(s) involving entities desiring to engage in
commercial development located on a portion of North Chaparral Street
in the downtown area; and pursuant to Texas Government Code§
551.067 to discuss or deliberate regarding commercial or financial
information relating to some or all of the aforementioned matter(s)or
entities that the Corporation seeks to have locate, stay, or expand within
the City limits and with which the Corporation is conducting economic
development negotiations and/or financial or other incentives involving
said business prospect.
This E-Session Item was discussed in executive session.
G. AGENDA ITEMS:
6. Vacant Building Ordinance
Motion recommending that City Council approve a Downtown Vacant
Building Ordinance,which provides for registration and inspection of
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vacant downtown buildings.
Chairperson Vaughn referred to Item 8.
Assistant City Manager Keith Selman stated that the purpose of this item is to
adopt a Downtown Vacant Building Ordinance.Assistant City Manager Selman
provided a brief overview of the compliance process and non-compliance
citation process.
Board members and staff discussed the following topics:if the ordinance
applies to all vacant buildings in the downtown area;the ability to enforce the
ordinance;the ordinance creating a new level of requirements for vacant
buildings not already covered by existing ordinances;TIRZ e3 dedicating a
code enforcement officer for enforcement;differing tax valuations for vacant
properties and occupied properties;an explanation of the registration fee and
inspection fee;a tracking mechanism to determine if the adopted ordinance is
making a substantial change in the downtown area;the noncompliance fines;
and addressing insufficient contact information for property owners.
Board Member Lindsey-Opel made a motion to approve motion,seconded by
Board Member Guajardo and passed unanimously.
7. Downtown Management District Amendment Expansion of Services
Motion approving Amendment No. 1 to the interlocal agreement with the
Downtown Management District and the amended 2018 Service Plan.
Chairperson Vaughn referred to Item 7.
Assistant City Manager Keith Selman stated that the purpose of this item is to
approve an amendment to the interlocal agreement with the Downtown
Management District to expand the scope of services.
Board Member Lindsey-Opel made a motion to approve the motion,seconded
by Board Member Guajardo and passed unanimously.
H. PRESENTATION ITEMS:
8. Update of TIRZ#3 Approved Programs and Initiatives-April 2018
Chairperson Vaughn referred to Item 8.
Assistant City Manager Keith Selman presented the status of the Project
Incentives Program and Initiatives in the April 2018 report.
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Vaughn referred to Identify Future agenda Items.Assistant City
Manager Keith Selman stated that staff would present the budget at next
month's meeting.
J. ADJOURNMENT
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The meeting was adjourned at 10:48 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 Me Texas Open Meetings Act and other relevant Aiwa,and the
Board of Directors may deliberate and vote upon any such subject and resolutions related thereto.Any descriptions of
properly 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 Mis meeting.This
agenda has been reviewed and approved by the attorney for the governing body,and Me presence of any subject or
description in the Executive Session portion of this agenda constitutes a written interpretation of Chapter 551 of Me Texas
Local Government Code by the attorney for this corporation indicating that said subject ordescription thereof may be legally
discussed in a closed meeting
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