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HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 08/27/2019 City of Corpus Christi 1201 Leopard Street Corpus Christi,TX 78401 cctexas.com Meeting Minutes Reinvestment Zone No. 3 Tuesday,August 27,2019 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. Chairman Everett Roy to call the meeting to order. Chairman Roy called the meeting to order at 9:31 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. Board Member Guajardo arrived at 9:32 a.m. Present 11 - Chair Everett Roy, Board Member Roland Barrera, Board Member Rudy Garza, Board Member Paulette Guajardo, Board Member Gil Hemandez, Board Member Michael Hunter, Board Member Susan Hutchinson, Board Member Al Jones, Board Member Joe McComb, Board Member Greg Smith, and Vice Chair Carolyn Vaughn Absent 1 - Board Member Ben Molina C. PUBLIC COMMENT: Chairperson Roy referred to Public Comment.There were no comments from the public. D. MINUTES: 1. Approval of Minutes of the July 23, 2019 Regular Meeting Chairman Roy referred to approval of minutes. Board Member Garza made a motion to approve the minutes,seconded by Board Member Hunter and passed unanimously(Board Member Molina-absent). E. FINANCIAL REPORT: 2. TIRZ#3 Financial Reports as of June 30, 2019 Chairman Roy referred to Item 2.Treasurer Constance Sanchez presented the financial report for Tax Reinvestment Zone No. 3 ending June 30, 2019 including:total assets; revenues; expenditures; commitment reports; and fund City of Corpus Christi Page 1 Printed on 10/16/2019 S('IANNFfl Reinvestment Zone No.3 Meeting Minutes August 27, 2019 balance. F. EXECUTIVE SESSION ITEMS: Chairman Roy referred to the day's Executive Session Items. Board Members went into executive session at 9:34 a.m.Board Members returned from executive session at 10:00 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 31102 LLC and/or other persons or entities desiring to engage in commercial development at or in the vicinity of 201 S 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 3 and the following motion was considered: Motion directing the City,as an agent of TIRZ#3,to prepare a Downtown Development Reimbursement Agreement with 31102 LLC,for improvements to the property located at 201 South Chaparral Street for a total incentive amount not to exceed$200,000 under the Downtown Living Initiative grant program, the incentive being contingent on the subsequent execution of an agreement and approval of the agreement by the Board. Board Member Guajardo made a motion to approve the Motion,seconded by Board Member Garza and passed unanimously(Board Member Molina- 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 807 N Upper Broadway, LLC and/or other persons or entities desiring to engage in commercial development at or in the vicinity of 807 N Upper Broadway; 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 4 and the following motion was considered: City of Corpus Christi Page 2 Printed on 10/16/2019 Reinvestment Zone No.3 Meeting Minutes August 27, 2019 Motion directing the City,as an agent of TIRZ#3,to prepare a Downtown Development Reimbursement Agreement with 807 N. Upper Broadway, LLC, for improvements to the property located at 807 N. Upper Broadway for a total incentive amount not to exceed$520,000,which consists of reimbursement of 75%of the increased tax increment paid to the TIRZ#3 over 10 years,or until expiration of the TIRZ#3, under the Project Specific Development Agreement grant program,the incentive being contingent on the subsequent execution of an agreement and approval of the agreement by the Board. Board Member Garza made a motion to approve the Motion,seconded by Board Member Vaughn and passed unanimously(Board Member Molina- absent). G. AGENDA ITEMS: 11. Motion to approve a TIRZ#3 redevelopment letter for the 1914 Nueces County Courthouse regarding a potential reimbursement of TIRZ#3 ad valorem property tax until the expiration of the Reinvestment Zone Number Three. Chairman Roy deviated from the agenda and referred to Item 11. Executive Director of the Downtown Management District(DMD)Alyssa Barrera Mason stated that the purpose of this agenda item is to approve a TIRZ#3 redevelopment letter for the 1914 Nueces County Courthouse regarding a potential reimbursement of future TIRZ#3 ad valorem property taxes for a future development. Board Members, Nueces County Judge Barbara Canales,and Ms.Mason discussed the following topics: Texas Historical Commission restrictions on the courthouse; Nueces County securing a grant through the National Park Service, in conjunction with the Texas Historical Commission, in the amount of $150,000; cleaning up the courthouse and grounds; interest in developing the courthouse property;the recently completed feasibility study;the impact on the courthouse property from changes to rights-of-way resulting from the eventual removal of the existing Harbor Bridge;a timeline regarding development of the courthouse property; rebating TIRZ#3 property taxes as an incentive to development;creating an incentive package for potential developers and if doing so creates a precedent for TIRZ#3;the potential increase in value of the courthouse property once the existing Harbor Bridge is removed; delinquent property taxes owed on the courthouse;the current availability/inventory of vacant properties downtown; Nueces County and the City of Corpus Christi working in cooperation with each other to facilitate the development of the courthouse property;the potential economic impact of developing the courthouse property;the negative impact of Fire Station Number l's proximity to the courthouse property; relocating Fire Station Number 1,which serves North Beach,due to changes in access to the new Harbor Bridge and to relieve the negative impact of the station's proximity to the courthouse property;the cost to relocate Fire Station Number 1; potential uses for the Fire Station Number 1 property in relation to developing the courthouse;the Texas Department of Transportation's process for making properties surplus; Nueces County and the City working in cooperation with the Regional Transportation Authority(RTA)and the Metropolitan Planning Organization(MPO)to designate properties as surplus; petitioning the Texas Legislature to change existing City of Corpus Christi Page 3 Printed on 10/16/2019 Reinvestment Zone No. 3 Meeting Minutes August 27, 2019 statutes that prohibit the forgiveness of delinquent property taxes;the impediment created by the statutory prohibition on the forgiveness of delinquent property taxes;the dollar amount of the delinquent taxes versus additional fees and penalties thereon;the potential to forgive penalties and interest on the delinquent taxes owed;and if approval of the proposed motion would create restrictions on the type of development. Board Member Vaughn made a motion to approve Item 11,seconded by Board Member Hunter and passed unanimously(Board Member Molina-absent). 5. Resolution to approve the Proposed FY 2020 Tax Increment Reinvestment Zone Number Three Board Operating Budget Chairman Roy referred to Item 5. Director of the Office of Management and Budget Eddie Houlihan presented the proposed FY 2020 Tax Increment Reinvestment Zone Number Three(TIRZ#3)operating budget. A board member asked for clarification regarding revenue from property taxes. Board Member Barrera made a motion to approve Item 5,seconded by Board Member Garza and passed unanimously(Board Member Molina-absent). 6. Motion to approve nine additional Corpus Christi Police Department surveillance cameras in the Corpus Christi Downtown in the amount of $3,510 to be purchased with funding currently encumbered for this purpose. Chairman Roy referred to Item 6. Business Liaison Arlene Medrano stated that the purpose of this item is to approve funding for nine additional cameras in the downtown area. Business Liaison Medrano presented information on the following topics: the locations of cameras currently installed;the proposed locations of the nine additional cameras proposed;and the cost. There were no comments from board members. Board Member Barrera made a motion to approve Item 6,seconded by Board Member Garza and passed unanimously(Board Member Molina-absent). 7. Motion recommending that City Council approve an Interlocal Cooperation Agreement between the City of Corpus Christi and the Corpus Christi Downtown Management District (DMD) for improvements to Artesian Park and encumbering $150,000 of FY 2019 budgeted funds for said improvements to become effective once approved by City Council. Chairman Roy referred to Item 7. Business Liaison Arlene Medrano presented information on the following topics related to proposed improvements to Artesian Park: purpose;site; location of Artesian Park; approval timeline; project timeline;oversight; and maintenance. Board Members, Business Liaison Medrano and Executive Director of the Downtown Management District Alyssa Barrera Mason discussed the following topics:the cost of erecting a fence around the park; protecting investment in City of Corpus Christi Page 4 Printed on 10/16/2019 Reinvestment Zone No.3 Meeting Minutes August 27,2019 the park;controlling access to the park; restricting access to the park after hours; opposition to erecting a fence around the park;separating the phase proposed in this agenda item from installation of a fence around the park; maintenance of pet waste stations;the potential impact on the park of improvements to Twigg Street that are part of the new Harbor Bridge project; installing surveillance cameras to monitor park activity;that adding lighting to the park is a priority;adding hedges to define the park's boundary;security concerns; adding to this agenda item fencing,as Phase 2;that installation of fencing would require the allocation of additional funds; the type of activity that occurs in the park at night;and the need to approve this agenda item in order to move forward with wrapping trees in the park with lights for Christmas. Board Member Garza made a motion to approve Item 7, including direction to staff to bring back to the TIRZ#3 a Phase 2,to include a fence or landscaping barrier,seconded by Board Member Hunter and passed unanimously(Board Member Molina-absent). 8. Motion to approve a TIRZ#3 Downtown Development Reimbursement Agreement for Gift & Gallery Shop with K Space Contemporary for improvements to the property located at 623 N Chaparral Street for a total incentive amount not to exceed $6,490 Chairman Roy referred to Items 8-10. There were no comments from board members. Board Member Smith made a motion to approve Items 8- 10,seconded by Board Member Jones and passed unanimously, by one vote(Board Members Hunter and Molina-absent). 9. Motion to approve a TIRZ#3 Streetscape Reimbursement Agreement with Tim Clower for improvements to the property located at 623 N Chaparral Street for a total incentive amount not to exceed $20,075 This item was passed by one vote(see Item 8). 10. Motion to approve a TIRZ#3 Streetscape Reimbursement Agreement with Americano Properties for improvements to the properties located at 415 &419 Peoples Street for an incentive amount not to exceed $76,450 and a sidewalk repair to be performed by the City not to exceed $17,000 for a total incentive amount not to exceed $93,450 This item was passed by one vote(see Item 8). 12. Motion to approve Amendment No. 2 to the TIRZ#3 Downtown Development Reimbursement Agreement for Shoreline Hospitality, LP, at 311 S. Shoreline Blvd. which provides that the Developer must complete improvements on or before November 30, 2019, effective upon signature by the City Manager. Chairman Roy referred to Item 12. Executive Director of the Downtown Management District Alyssa Barrera Mason stated that the purpose of this item is to extend the completion date requirement to November 30, 2019 due to the City of Corpus Christi Page 5 Printed on 10/16/2019 Reinvestment Zone No.3 Meeting Minutes August 27,2019 impact of recently imposed tariffs on furniture and fixtures from China is having on meeting the existing completion date requirement. There were no comments from board members. Board Member Garza made a motion to approve Item 12,seconded by Board Member Smith and passed unanimously(Board Members Hunter and Molina- absent). H. PRESENTATION ITEMS: 13. Funding and Grant Update for the Ritz Theatre and TIRZ#3 MOU executed in August 2018. Chairman Roy referred to Item 13. Executive Director of the Downtown Management District Alyssa Barrera Mason presented information on the following topics related to the Ritz Theater: background; memorandum of understanding(MOU)details;TSI feasibility study;funding and grant update; and next steps. There were no comments from board members. MOTION OF DIRECTION Board Member Smith made a motion directing General Manager Peter Zanoni to implement Option 1,as presented,seconded by Board Member Hunter and passed unanimously(Board Member Molina-absent). 14. Presentation on the Proposed Seawall Steward Program Chairman Roy referred to Item 14 and announced that this item is postponed to the next TIRZ#3 meeting. 15. Monthly update of the TIRZ#3 Approved Programs and Initiatives - August 2019 Chairman Roy referred to Item 15. Business Liaison Arlene Medrano presented the August 2019 Update of TIRZ#3 Programs and Initiatives. There were no comments from board members. I. IDENTIFY FUTURE AGENDA ITEMS: Chairman Roy referred to Identify Future Agenda Items. The following item was identified: the presentation ori the proposed seawall steward program, postponed from today's meeting. / J. ADJOURNMENT The meeting was adjourned at 11:07 a.m. City of Corpus Christi Page 6 Printed on 10/16/2019 Reinvestment Zone No. 3 Meeting Minutes August 27,2019 *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 the goveming 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 Govemment Code by the attomey for this corporation indicating that said subject or description thereof may be legally discussed in a closed meeting. City of Corpus Christi Page 7 Printed on 10/16/2019