HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 10/27/2020City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 3
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Tuesday, October 27, 2020
9:30 AM 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 9:33 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Rebecca Huerta called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Note: Board Members Greg Smith, Michael Hunter, Paulette Guajardo and
Susan Hutchinson participated by video conference. Board Member
Vaughn -absent.
Present 11 - 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 Joe McComb, Board Member Ben
Molina, and Board Member James Sedwick
Absent 1 - Vice Chair Carolyn Vaughn
C. PUBLIC COMMENT:
Chairman Roy referred to Public Comment. There were no written public
comments submitted.
D. MINUTES:
1. Approval of the Minutes of the September 30, 2020 Regular Meeting.
Chairman Roy referred to Item 2.
Board Member Barrera made a motion to approve the minutes, seconded by
Board Member Molina and passed unanimously (Board Member Carolyn
Vaughn -absent).
E. FINANCIAL REPORT:
City of Corpus Christi
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Meeting Minutes October 27, 2020
2. TIRZ #3 Financial Reports as of August 31, 2020
Chairman Roy referred to Item 2.
Director of Finance Heather Hurlbert presented information on the following
topics: financial position for the 11 months ended August 31, 2020;
commitments as of August 31, 2020; project specific commitments as of August
31, 2020; Chaparral Street grants program commitments as of August 31, 2020;
downtown living initiative commitments as of August 31, 2020; new tenant
finish out commitments as of August 31, 2020; and streetscape and safety
improvement program commitments as of August 31, 2020.
A Board Member and Director Hurlbert discussed the following topic: the total
revenues to date for 2021 should be $1.9 million.
F. EXECUTIVE SESSION ITEMS:
3.
4.
Chairman Roy referred to Executive Session Items 3 and 4. The Council went
into Executive Session at 9:39 a.m. The Council returned from Executive
Session at 10:09 a.m.
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 SEA District Hotel Group L.P.
and/or other entities involved with a development at or near the
intersection of Brewster Street and Tancahua Street in the downtown
area 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.
This E -Session Item was discussed in executive session.
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 Agnes Water, LLC and/or other
entities involved with a development at or near 401 Water Street and/or
402 S Chaparral in the downtown area 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
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Reinvestment Zone No. 3
Meeting Minutes October 27, 2020
said business prospect.
This E -Session Item was discussed in executive session.
Board Member Molina made a motion authorizing a downtown development
reimbursement agreement with Agnes Water, LLC in an amount not to exceed
$200,000.00 under the streetscape and safety program for improvements to the
property located at 402 S. Chaparral Street, seconded by Board Member
Guajardo.
Board Member Molina made a motion authorizing the assignment of the
downtown development reimbursement agreement for 401 Water Street from
Stonewater Properties Water Street, Inc. to Agnes Water, LLC, seconded by
Board Member Smith.
The motions were passed and approved with the following vote:
Aye: 10 - Chair Roy, Board Member Barrera, Board Member Garza, Board Member
Guajardo, Board Member Hernandez, Smith, Board Member Hunter, Board
Member Hutchinson, Board Member McComb, and Board Member Molina
Absent: 1 - Vice Chair Vaughn
Abstained: 1 - Board Member Sedwick
G. AGENDA ITEMS: None
H. PRESENTATION ITEMS: None
I. IDENTIFY FUTURE AGENDA ITEMS:
J. ADJOURNMENT
Chairman Roy referred to Identify Future Agenda Items.
The following items were identified: a Board Member requested an update on
the HEB building; and the next meeting will be in January.
This meeting was adjourned at 10:11 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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