HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 03/27/2018 1201 Leopard Street
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Meeting Minutes
Reinvestment Zone No. 3
Tuesday,March 27,2018 9:30 AM City Council Chambers
A. Chairperson Carolyn Vaughn to call the meeting to order.
Chairperson Vaughn called the meeting to order at 9:32 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.
Present 8- Chair Carolyn Vaughn, Board Member Rudy Garza, Board Member Paulette
Guajardo, Board Member Michael Hunter, Board Member Debbie
Lindsey-Opel,Board Member Joe McComb, Board Member Ben Molina,
and Board Member Greg Smith
Absent 3- Board Member Claudia Jackson, Board Member Al Jones, and Board
Member Lucy Rubio
r PUBLIC COMMENT:
None.
D. MINUTES:
1. February 27,2018-Regular Meeting Minutes
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 Rubio,
Jackson,and Jones-absent).
E. FINANCIAL REPORT:
2. TIRZ#3 Financial Reports as of January 31,2018
Chairperson Vaughn referred to Item 2.
Treasurer Constance Sanchez presented the financial report for Reinvestment
Zone No.3 ending January 31,2018 Including:the total assets;income
statement;total expenditures;commitment reports;transfers;excess revenue
and the fund balance.
F. EXECUTIVE SESSION ITEMS:
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Reinvestment Zone No.3 Meeting Minutes March 27,2018
None.
G. AGENDA ITEMS (3-6)
3. Election of Officer(s)
Chairperson Vaughn referred to Item 3.
City Secretary Rebecca L.Huerta announced that the position of
Vice-Chairperson is currently vacant and the purpose of this item is to elect a
Vice-Chairperson.Board Member Hunter nominated Board Member
Lindsey-Opel to serve as Vice-Chairperson.Board Member Lindsey-Opel was
elected Vice-Chairperson by consent of the board members present(Board
Members Rubio,Jackson,and Jones-absent).
4. Downtown Development Agreement-CreStive Culture
Motion to approve a Downtown Development Reimbursement
Agreement with CreStive Culture, L.L.C., for improvements to the
property located at 423 William St. for a total incentive amount not to
exceed$6,910.00, which is comprised of incentives under a New
Commercial Tenant Finish Out Grant Program.
Chairperson Vaughn referred to Item 4.
Assistant City Manager Keith Selman stated that the purpose of this item is to
approve an incentive agreement for Creative Culture.Mr.Selman stated that at
the February 27,2018 meeting,the Board directed staff to prepare a Downtown
Development Reimbursement Agreement for Creative Culture,which will
create an art supply,learning center,and mural resource shop in the Marina
Arts Districts.
Board Member Molina made a motion to approve Item 4,seconded by Board
Member Guajardo and passed unanimously(Board Members Rubio,Jackson,
and Jones-absent).
5. Amendment to 600 Building Agreement
Motion approving Amendment No. 4 to the Downtown Development
Reimbursement Agreement for the 600 Building with the 600 Building,
L.L.C., which provides that the Developer must close on the purchase of
the property on or before December 31, 2018.
Chairperson Vaughn referred to Item 5.
Assistant City Manager Keith Selman stated that the purpose of this item to
approve Amendment No.4 to the Downtown Development Reimbursement
Agreement for the 600 Building with 600 Building,L.L.C.to extend the
agreement and the performance requirement for the purchase of the property
through December 31,2018.The extension is needed in response to U.S
Department of Housing and Urban Development(HUD)delays because of
Hurricane Harvey's regional impact and a new tax reform bill which altered
tax credits.
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Reinvestment Zone No.3 Meeting Minutes March 27,2018
In response to a board member,Mr.Selman stated that the goal of the
extension is to secure the building and financing.
Board Member Garza made a motion to approve Item 5,seconded by Board
Member Guajardo and passed unanimously(Board Members Rubio,Jackson,
and Jones-absent).
6. Downtown Traffic and Planning Analysis
Motion to adopt the Tax Increment Reinvestment Zone #3 Traffic and
Planning Analysis.
Chairperson Vaughn referred to Item 8.
Director of Planning and ESI Daniel McGinn stated that the purpose of this item
Is to adopt the Downtown Traffic and Planning Analysis.The presentation Warn
included:Scott Polikov,Gateway Planning;Tom Grant,Kimley-Horn Traffic
Group;Koren Constanza,Senior Planner;and Alyssa Barrera,Executive
Director of the Downtown Management District
The presentation team presented the following information:the purpose of the
analysis;community feedback;a photograph of historic downtown;the current
condition of downtown streets;the two-way conversion proposal;proposed
short-term,mid-term and long-term projects; next steps;and recommendation
to adopt the TIRZ 83 Traffic and Planning Analysis.
Board members and the presentation team discussed the following topics:
capacity for two-way conversion;concern from a board member regarding the
funding for the proposed projects;Twigg Street Pedestrian Bridge;two-way
conversion on Schatzell Street;synchronization and traffic flow with the
conversion;the amount of resurfacing need for Chaparral Street;the influx of
traffic expected from the new Harbor Bridge;future roadway capacity;an
analysis regarding event day traffic;plans for Artesian Park;and whether to
remove Shoreline Realignment Phase II from the plan.
Board Member Molina made a motion to approve Item 6,seconded by Board
Member Lindsey-Opel and passed;Board Members Garza and McComb voting
"No';Board Members Rubio,Jackson,and Jones-absent).
H. PRESENTATION ITEMS(7.8):
7. Evaluation of TIRZ#3 Downtown Incentives -End of Three Year
Term
Chairperson Vaughn referred to Item 7.
Assistant City Manager Keith Selman introduced Alyssa Barren,Executive
Director of the Downtown Management District(DMD).Ms.Barrera stated that
the purpose of this item is to begin discussions on the downtown incentives for
the next three years.Ms.Barrera presented the following Information:Tax
Increment Financing(TIF)fundamentals;how funds are expended;
specifications of qualifying capital costs;plans and studies;the primary
functions of the Tax Increment Reinvestment Zone 63(TIRZ);research of best
practices;incentive programs adopted for FY2016,2017 and 2018;added design
requirements;the budget targets,goals,and recommendations for the
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Reinvestment Zone No.3 Meeting Minutes March 27,2018
following programs:the new tenant finish-out program,Chaparral Street
Property Improvement,and Downtown Living Initiative;development
agreement;project-specific examples;a summary of program observations;
and recommendations and next steps.
Board members and Ms.Barters discussed the following topics:a concern
from a board member regarding the recommendation to expand the Chaparral
Street Properly Improvement Program to the Marina Arts District;the status of
the vacant building ordinance;the DMD Facade Improvement Program;
volunteer groups making improvements to existing facades;the DMD's Clean
and&Safety Committee;the status of the Cosmopolitan of Corpus Christi;code
enforcement in the downtown area;safety and security issues in the downtown
area;DMD representation at homelessness meetings;and a periodic report on
vacant buildings.
8. Monthly Update-TIRZ#3 Approved Programs and Initiatives-
March 2018
Chairperson Vaughn referred to Item 8.
Assistant City Manager Keith Selman presented the status of the Project
Incentives Program and Initiatives in the March 2018 report.
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Vaughn referred to Identify Future Agenda Items.Assistant City
Manager Keith Selman presented information regarding consideration to
expand the Downtown Management Districts contract scope of services to
include:the oversight of the vacant building ordinance;reviewing applications
for TIRZ M3 projects;and implementation of the Incentive program.
J. ADJOURNMENT
The meeting was adjourned at 10:59 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 Owectors may deiberate and vote upon any such subject and resolutions related thereto.Any descriptions of
Property or amounts stated in this agenda am 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 am 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 Me attorney for this corporation indicating that said subject or description thereof may be legally
discussed in a closed meeting
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