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Home My WebLink AboutMinutes Reinvestment Zone No. 3 - 12/17/2019 Ci of Corpus Christi 1201 Leopard Street `7 Corpus Christi,TX 78401 cctexas.com , 1 Meeting Minutes Reinvestment Zone No. 3 Tuesday,December 17,2019 9:30 AM City Council Chambers A. Chairman Everett Roy to call the meeting to order. Vice Chairman Vaughn called the meeting to order at 9:33 a.m. B. City Secretary Rebecca Huerta to call roll of the Corporation Directors. Secretary Rebecca L.Huerta called the roll and verified that a quorum of the Board was present to conduct the meeting. Chairman Roy arrived at 9:48 a.m. Board Member Hernandez arrived at 10:24 a.m. Present 12- Chair Everett Roy, Board Member Roland Barrera, Board Member Rudy Garza, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Greg Smith, Board Member Michael Hunter, Board Member Susan Hutchinson, Board Member Al Jones, Board Member Joe McComb, Board Member Ben Molina, and Vice Chair Carolyn Vaughn C. PUBLIC COMMENT: Vice Chairman Vaughn referred to Public Comment There were no comments from the public. D. MINUTES: 1. Approval of Minutes of the November 19, 2019 Regular Meeting Vice Chairman Vaughn referred to Item 1. Board Member Garza made a motion to approve the minutes,seconded by Board Member Barrera and passed unanimously(Chairman Roy and Board Member Hernandez-absent). E. FINANCIAL REPORT: 2. TIRZ#3 Financial Reports as of October 31, 2019 Vice Chairman Vaughn referred to Item 2. Treasurer Alma Casas presented the financial report for Tax Reinvestment Zone No.3 ending October 31,2019, including:total assets; revenues; expenditures;commitment reports;encumbrances;and fund balance. City of Corpus Christi Page 1 Printed on 1/30/2020 SCANNED Reinvestment Zone No.3 Meeting Minutes December 17,2019 There were no comments from the Board. F. EXECUTIVE SESSION ITEMS: Vice Chairman Vaughn referred to day's executive session items.The Board went into executive session at 9:36 a.m.The Board returned from executive session at 11:03 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 potential TIRZ#3 Reimbursement Agreement with Wisznia Architecture + Development and other potential owners and/or developers of 600 Leopard 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 governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect. Chairman Roy referred to Item 3 and the following motion was considered: Motion directing the City,as an agent of TIRZ#3,to prepare an amendment to the Downtown Development Reimbursement Agreement with The 600 Building,L.L.C.,for improvements to the property located at 600 Leopard Street to amend the incentive provided under the Downtown Living Initiative to reimburse the Developer up to$25,000 per unit for 131 units,with payment made over four years for a total restated incentive amount not to exceed $4,575,000,the incentive being contingent on the subsequent execution of an amendment and approval of the amendment by the Board. There were no comments from the Board. Board Member Guajardo made a motion to approve the motion,seconded by Board Member Molina and passed with the following vote: Chairman Roy and Board Members Guajardo,Hunter,Hutchinson,Jones,Molina,Vaughn and Barrera voting"Aye"and Board Members McComb,Smith and Garza voting "No"(Board Member Hernandez-absent). 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 potential TIRZ#3 Reimbursement Agreement with Michelle Johnson, Monet Love, and/or other potential owners and/or developers of 414 Starr 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 governmental body seeks to City of Corpus Christi Page 2 Printed on 1/30/2020 Reinvestment Zone No.3 Meeting Minutes December 17,2019 have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect. Chairman Roy referred to Item 4 and the following motion was considered: Motion directing the City,as an agent of TIRZ#3,to prepare a Downtown Development Reimbursement Agreement with Michelle Johnson and Monet Love,for improvements to the property located at 414 Starr Street for a total incentive amount not to exceed$7,888 under the New Tenant Commercial Finish Out grant program,the incentive being contingent on the subsequent execution of an agreement and approval of the agreement by the Board. There were no comments from the Board. Board Member Barrera made a motion to approve the motion,seconded by Board Member Molina and passed unanimously(Board Member Hernandez- absent). G. AGENDA ITEMS: 5. Motion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for Tim Clower, which provides a three-month extension that the Developer must complete improvements on or before March 31, 2020, effective upon signature by the City Manager or designee. Chairman Roy referred to Item 5. Real Estate Manager for the Downtown Management District Jason Alaniz stated that the purpose of this item is to extend the Streetscape Reimbursement Agreement with Tim Clower through March 31,2020. There were no comments from the Board. Board Member Molina made a motion to approve Item 5,seconded by Board Member Barrera and passed unanimously. 6. Motion to approve a reimbursement request with Frost Bank under the Downtown Development Reimbursement Agreement for 501 S Shoreline Blvd. and authorizing reimbursement of 75% of the annual property taxes paid on the improvements to TIRZ#3, up to the cap of 10 years and not to exceed $600,000. Chairman Roy referred to Item 6. Real Estate Manager for the Downtown Management District Jason Alaniz stated that the purpose of this item is to approve a reimbursement request for Frost Bank Building,having confirmed Frost Bank has met all the guidelines in the TIRZ#3 agreement. City of Corpus Christi Page 3 Printed on 1/30/2020 Reinvestment Zone No.3 Meeting Minutes December 17,2019 Mr.Alaniz presented information on the project's completion and before-and-after photos of the site. There were no comments from the Board. Board Member Barrera made a motion to approve Item 6,seconded by Board Member Garza and passed unanimously. 7. Motion to approve a Downtown Streetscape Reimbursement Agreement with Rob MacQueen and Frank Smith for improvements to the property located at 417 N Mesquite Street for Downtown Carwash Club for an incentive amount not to exceed $45,953, effective upon signature by the City Manager or designee and ending May 31, 2020. Chairman Roy referred to Item 7. Real Estate Manager for the Downtown Management District Jason Alaniz presented information on the following topics: Streetscape and Safety Program;417 N.Mesquite St.;current condition; property repairs;exterior concept;operational concept;and recommendation. There were no comments from the Board. Board Member Garza made a motion to approve Item 7,seconded by Board Member Molina and passed unanimously. 8. Motion approving the 2020 TIRZ#3 Calendar Chairman Roy referred to Item 8. Business Liaison Arlene Medrano presented the proposed 2020 TIRZ#3 calendar for approval. There were no comments from the Board. Board Member Molina made a motion to approve Item 8,seconded by Board Member Hunter and passed unanimously. H. PRESENTATION ITEMS: 9. Update on TIRZ#3 Approved Programs and Initiatives - December 2019 Chairman Roy referred to Item 9. Business Liaison Arlene Medrano presented the December 2019 Update on TIRZ#3 Approved Programs and Initiatives. A board member,Business Liaison Medrano and Executive Director of the Downtown Management District Alyssa Barrera Mason discussed posting before-and-after photos of TIRZ#3-funded projects on the Internet for the public to view;and that such before-and-after photos of completed and in-progress projects are currently available at www.godowntowncc.com. City of Corpus Christi Page 4 Printed on 1/30/2020 Reinvestment Zone No.3 Meeting Minutes December 17,2019 I. IDENTIFY FUTURE AGENDA ITEMS: Chairman Roy referred to Identify Future Agenda Items. No items were discussed or identified. J. ADJOURNMENT The meeting was adjourned at 11:16 a.m. City of Corpus Christi Page 5 Printed on 1/30/2020