HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 10/15/2019 Ci of Corpus Christi 1201 Leopard Street
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Meeting Minutes
Reinvestment Zone No. 3
Tuesday,October 15,2019 9:30 AM City Council Chambers
A. Chairman Everett Roy to call the meeting to order.
Chairman Roy called the meeting to order at 9:30 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.
Present 10- Chair Everett Roy, Board Member Roland Barrera, Board Member Rudy
Garza, Board Member Paulette Guajardo, Board Member Gil Hernandez,
Board Member Michael Hunter, Board Member Susan Hutchinson, Board
Member Al Jones, Board Member Ben Molina,and Vice Chair Carolyn
Vaughn
Absent 2- Board Member Greg Smith, and Board Member Joe McComb
C. PUBLIC COMMENT:
Chairman Roy referred to Public Comment.There were no comments from
the public.
PLEASE BE ADVISED THAT THE OPEN MEETINGS ACT PROHIBITS THE
BOARD OF DIRECTORS FROM RESPONDING AND DISCUSSING YOUR
COMMENTS AT LENGTH.THE LAW ONLY AUTHORIZES THEM TO DO THE ,
FOLLOWING:
1. MAKE A STATEMENT OF FACTUAL INFORMATION.
2. RECITE AN EXISTING POLICY IN RESPONSE TO THE INQUIRY.
3.ADVISE THE CITIZEN THAT THIS SUBJECT WILL BE PLACED ON AN
AGENDA
ATA LATER DATE.
D. MINUTES: (None)
E. FINANCIAL REPORT:
1. TIRZ#3 Financial Reports as of August 31, 2019
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Reinvestment Zone No.3 Meeting Minutes October 15,2019
Chairman Roy referred to Item 1.
Treasurer Alma Casas presented the financial report for Tax Reinvestment
Zone No.3 ending Agust 31,2019 including:total assets; revenues;
expenditures;commitment reports;and fund balance.
F. AGENDA ITEMS:
2. Motion to approve a reimbursement request of$185,000 with Stonewater
Properties Carancahua under the Downtown Development
Reimbursement Agreement for 817 N Carancahua Street which will be
paid in two equal installments of$92,500 over two fiscal years.
Chairman Roy referred to Item 2.
Real Estate Manager with the Downtown Management District Jason Alaniz
presented information on the following topics: history of the project; progress
photos;and that Studio 44 is now leasing.
A board member stated that it is good news that the project has been
completed.
Board Member Barrera made a motion to approve Item 2,seconded by Board
Member Molina and was approved unanimously(Board Members McComb and
Smith-absent).
3. Motion to approve a reimbursement request in an amount not to exceed
$200,000 with Stonewater Properties Water Street, Inc. (Nueces Brewing
Co.) under the Downtown Development Reimbursement Agreement for
401 S Water Street.
Chairman Roy referred to Item 3.
Real Estate Manager with the Downtown Management District Jason Alaniz
presented information on the following topics: history and status of the project;
and progress photos.
Board Member Barrera made a motion to approve Item 3,seconded by Board
Member Hunter.
A board member and Mr.Alaniz discussed reimbursement of taxes pertaining
to this project.
The motion to approve Item 3 passed unanimously(Board Members McComb
and Smith-absent).
G. PRESENTATION ITEMS:
4. Update of TIRZ#3 Approved Programs and Initiatives- September 2019
Chairman Roy referred to Item 4.
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Reinvestment Zone No.3 Meeting Minutes October 15,2019
Business Liaison Arlene Medrano presented the September 2019 Update of
TIRZ#3 Programs and Initiatives.
A board member and Executive Director of the Downtown Management District
Alyssa Barrera Mason discussed the HUD financing component of the 600
Building project.
F. EXECUTIVE SESSION ITEMS:
Chairman Roy referred to days executive session item. The Board went into
executive session at 9:42 a.m. The Board returned from executive session at
9:53 a.m.
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 Americano Properties, LLC and/or
other persons or entities desiring to engage in commercial development
at or in the vicinity of 322 N Chaparral 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 governing body seeks to
have locate, stay, or expand within the City limits and with which the
governing body 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.
Chairman Roy referred to Item 5 and the following motion was considered:
Motion authorizing the City Manager or designee,as an agent of the TIRZ#3,to
execute a downtown reimbursement agreement with Americano Properties,
LLC for improvements to the property located at 322 North Chaparral Street,for
a total incentive not to exceed$30,000.00,under the Chaparral Street
Improvement Grant Program.
Board Member Molina made a motion to approve the motion,seconded by
Board Member Garza and passed unanimously(Board Members Hunter,
McComb,and Smith-absent).
IDENTIFY FUTURE AGENDA ITEMS:
Chairman Roy referred to Identify Future Agenda Items.
Business Liaison Arlene Medrano identified potential approval of
reimbursements for the Frost Bank and Residence Inn projects.
J. ADJOURNMENT
The meeting was adjourned at 9:55 a.m.
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