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HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 12/06/2022 - SpecialCity of Corpus Christi Meeting Minutes Reinvestment Zone No. 3 - Downtown 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Tuesday, December 6, 2022 10:00 AM Council Chambers SPECIAL MEETING A. Chairman Billy Lerma to call the meeting to order. Chairman Lerma called the meeting to order at 10:03 a.m. B. Assistant City Secretary Ruth Bochino to call roll of the Corporation Directors. Assistant City Secretary Ruth Bocchino called the roll and verified that a quorum of the Board was present to conduct the meeting. Note: Board Member Hunter arrived at 10:13 a.m. Present 10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael Hunter, Board Member Susan Hutchinson, Board Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, and Board Member James Sedwick Absent 2 - Board Member Barbara Canales, and Board Member Greg Smith C. PUBLIC COMMENT: Chairman Lerma referred to Public Comment. There were no comments from the public. D. MINUTES: None E. FINANCIAL REPORT: None F. EXECUTIVE SESSION ITEMS: None G. AGENDA ITEMS: 1. 22-2021 Motion authorizing a downtown development reimbursement agreement for UBEO LLC, located at 402 S. Chaparral Street for a total incentive amount not to exceed $30,000 under the Commercial Finish -Out Program. Chairman Lerma referred to Item 1. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: project site; UBEO; current condition; City of Corpus Christi Page 1 Printed on 12/12/2022 SCANNED Reinvestment Zone No. 3 - Downtown Meeting Minutes December 6, 2022 project concept; project cost; and recommendation. There were no question from the Board. Board Member Barrera made a motion to approve the motion, seconded by Board Member Pusley. This Motion was passed and approved with the following vote: Aye: 9 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Susan Hutchinson, Board Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, and Board Member James Sedwick Absent: 3 - Board Member Barbara Canales, Board Member Michael Hunter, and Board Member Greg Smith Abstained: 0 2. 22-2023 Motion authorizing an Amendment to the Reimbursement Agreement with Corpus Christi Point, L.L.C., to extend the performance deadline from November 30, 2022 to December 31, 2023. Chairman Lerma referred to Item 2. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: The Point; current; project concept; and project cost. There were no question from the Board. Board Member Guajardo made a motion to approve the motion, seconded by Board Member Barrera. This Motion was passed and approved with the following vote: Aye: 9 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Susan Hutchinson, Board Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, and Board Member James Sedwick Absent: 3 - Board Member Barbara Canales, Board Member Michael Hunter, and Board Member Greg Smith Abstained: 0 3. 22-2098 Motion approving the Eighth Amendment to the TIRZ #3 Project & Financing Plan to add a reimbursement program for Technology, Innovation and Entrepreneurial Ecosystem Development. Chairman Lerma referred to Item 3. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason stated that this item is an amendment to the project plan to add a category to work on Technology, Innovation, and Ecosystem Development downtown Corpus Christi. City of Corpus Christi Page 2 Printed on 12/12/2022 Reinvestment Zone No. 3 - Downtown Meeting Minutes December 6, 2022 Board Members and Executive Director Barrera Mason discussed the following topics: spending restraints have not been discussed yet; a board member's concern that downtown struggles with renting out office spaces; this is a co -working space which is membership based; and the City's investment versus the private investment has not been addressed. Board Member Guajardo made a motion to approve the motion, seconded by Board Member Hunter. This Motion was passed and approved with the following vote: Aye: 10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board Member Michael Hunter, Board Member Susan Hutchinson, Board Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, and Board Member James Sedwick Absent: 2 - Board Member Barbara Canales, and Board Member Greg Smith Abstained: 0 H. PRESENTATION ITEMS: None I. ADJOURNMENT Chairman Lerma adjourned the meeting at 10:30 a.m. City of Corpus Christi Page 3 Printed on 12/12/2022