HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 03/19/2019 City of Cornus Christi 1201 Leopard Street
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Meeting Minutes
Reinvestment Zone No. 3
Tuesday,March 19,2019 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. Chairperson Everett Roy to call the meeting to order.
Chairperson Roy called the meeting to order at 9:31 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 McComb arrived at 9:34 a.m.; Board Member Guajardo arrived
at 9:44 a.m.)
Present 11 - Chair Everett Roy, Board Member Roland Barrera, Board Member Paulette
Guajardo, Board Member Gil Hernandez, Board Member Michael Hunter,
Board Member Claudia Jackson, Board Member Al Jones, Board Member
Joe McComb, Board Member Ben Molina, Board Member Greg Smith, and
Board Member Carolyn Vaughn
Absent 1 - Board Member Rudy Garza
C. PUBLIC COMMENT:
None.
D. MINUTES:
1. Approval of minutes of the January 22, 2019 regular meeting.
Chairperson Roy referred to approval of the minutes.Board Member Jackson
made a motion to approve the minutes,seconded by Board Member Hunter
and passed unanimously(Board Members Garza,Guajardo,and McComb-
absent).
E. FINANCIAL REPORT:
2. TIRZ#3 Financial Reports as of January 31, 2019
Chairperson Roy referred to Item 2.Interim Director of Financial Services Alma
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Reinvestment Zone No.3 Meeting Minutes March 19,2019
Casas presented the financial report for Reinvestment Zone No.3 ending
January 31,2019 including:total assets; revenues;expenditures;transfers;fund
balance;and commitment report.
F. EXECUTIVE SESSION ITEMS:
Chairperson Roy referred to the day's executive sessions.The Board went into
executive session at 9:35 a.m.The Board returned from executive session at
10:23 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 Tim Clower and/or other persons or
entities desiring to engage in commercial development at or in the vicinity
of 619 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.
Chairperson Roy referred to Item 3 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 Tim Clower,for
improvements to the property located at 619 North Chaparral Street for a total
incentive not to exceed$32,225 under the Chaparral Street Improvement Grant
Program.
Board Member Molina made a motion to approve the motion,seconded by
Board Member Barrera and passed unanimously(Board Member Garza-
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 Peoples Street Project LLC and/or
other persons or entities desiring to engage in commercial development
at or in the vicinity of 541 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.
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Reinvestment Zone No.3 Meeting Minutes March 19,2019
Chairperson 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 Peoples Street Project,LLC,for
improvements to the property located at 541 North Chaparral Street for a total
incentive amount not to exceed$390,000,made up of an amount not to exceed
$190,000 to be paid over two years under the Chaparral Street Improvement
Grant Program and an amount not to exceed$200,000 to be paid over ten
years or until the expiration of the TIRZ#3,representing a reimbursement of
75%of the increment paid during that time,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 Vaughn made a motion to approve the motion,seconded by
Board Member Hunter and passed unanimously(Board Member Garza-
absent).
H. PRESENTATION ITEMS:
7. Update-2019 Downtown Perception Survey
Chairperson Roy deviated from the agenda and referred to Item 7.Alyssa
Barrera,Corpus Christi Downtown Management District,stated that the purpose
of this item is to provide an update regarding the 2019 Downtown Perception
Survey.Ms.Barrera presented the following information:the survey's goals
and methodology; results and benchmarks including:demographics,
patronage,reasons for visiting downtown,non-user feedback; new programs;
and highlights.
Board members discussed the following topics:the number of residents
surveyed;the difference between patronage and non-patronage;non-users'
perception of traffic congestion; information regarding a residential tour
program;the potential for having historical information provided on Corpus
Christi Regional Transportation Authority's(RTA)trolleys;improvements to the
seawall;the number of respondents;activity at The Water's Edge Park;
attendance at downtown events;wayfinding;a ferry service program;
installation of resort umbrellas at McGee Beach;the need for working water
fountains on the seawall; painting of the top step of the seawall;and solutions
to address homelessness.
G. AGENDA ITEMS:
5. 3rd Amendment for Stonewater Projects
Motion approving Amendment No. 3 to the Downtown Development
Reimbursement Agreement for Studio 44 Apartments f/k/a "Studio 21"
with Stonewater Properties 723 Broadway LLC and Stonewater
Properties Carancahua Inc., which provides an extension of the deadline
for completion of Phase 1.
Chairperson Roy referred to Item 5.Alyssa Barrera,Executive Director of the
Downtown Management District,stated that the purpose of this item is to
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approve an amendment to the Downtown Development Reimbursement
Agreement for the Stonewater projects by extending the completion deadline
for Phase 1 to June 2019.
A board member discussed the previous ownership of the building located at
723 Broadway.
Board Member Hunter made a motion to approve Item 5,seconded by Board
Member Molina and passed unanimously(Board Member Garza-absent).
6. 2nd Amendment for Stonewater Properties Water Street, Inc.
Motion approving Amendment No. 2 to the Downtown Development
Reimbursement Agreement with Stonewater Properties Water Street,
Inc., which provides that the Developer must complete improvements on
or before June 30, 2019.
Chairperson Roy referred to Item 6.Alyssa Barrera,Executive Director of the
Downtown Management District,stated that the purpose of this item is to
approve an amendment to the Downtown Development Reimbursement
Agreement with Stonewater Properties Water Street Inc.,401 S.Water Street
to extend the completion date to June 2019.
A board member requested an update on the project and the opening date of
the brewery.
Board Member Molina made a motion to approve Item 6,seconded by Board
Member Jackson and passed unanimously(Board Member Garza-absent).
IDENTIFY FUTURE AGENDA ITEMS:
Chairperson Roy referred to Identify Future Agenda Items.The following items
were identified:the election of Vice Chairperson;and repair of the water
fountains located on the seawall.
J. ADJOURNMENT
The meeting was adjourned at 11:06 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 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 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 the attorney for this corporation indicating that said subject or description thereof may be legally
discussed in a closed meeting.
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