HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 11/15/2022City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 3 - Downtown
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Tuesday, November 15, 2022
9:30 AM Council Chambers
A. Chairman Billy Lerma to call the meeting to order.
Chairman Lerma called the meeting to order at 9:34 a.m.
B. Assistant City Secretary Ruth Bocchino 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 Canales arrived at 9:41 a.m. and attended by video conference.
Present 10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
C. PUBLIC COMMENT:
Chairman Lerma referred to Public Comment. There were no comments from the public.
D. MINUTES:
1. 22-1903 Approval of the July 26, 2022 and September 20, 2022 TIRZ No. 3 Regular
Meeting Minutes
Chairman Lerma referred to Item 1.
Board Member Guajardo made a motion to approve the minutes, seconded by Board
Member Molina and passed unanimously.
E. FINANCIAL REPORT:
2. 22-1936 TIRZ #3 Financial Reports as of September 30, 2022
Chairman Lerma referred to Item 2.
Director of Finance and Procurement Heather Hurlbert presented information on the
following topics: TIRZ No. 3 financial position for the ten months ended September 30,
2022; TIRZ No. 3 commitments as of September 30, 2022; project specific development
City of Corpus Christi
Page 1 Printed on 11/22/2022
SCANNED
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes November 15, 2022
commitments as of September 30, 2022; vacant property improvement commitments as
of September 30, 2022; downtown living initiative commitments as of September 30,
2022; commercial tenant finish out commitments as of September 30, 2022; and
streetscape and safety improvement program commitments as of September 30, 2022.
There were no question from the Board.
F. EXECUTIVE SESSION ITEMS:
3. 22-1991 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 the TIRZ #3 Reimbursement Agreement with The 600
Building, LLC regarding development of 600 Leopard 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 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 passed after executive session.
The following motion was considered:
Motion authorizing an amendment to the downtown development reimbursement
agreement with The 600 Building, LLC, which amends Section 3(b) of the Agreement to
extend the deadline to complete construction of the project until September 30, 2024.
Board Members, Executive Director of Downtown Management District (DMD) Alyssa
Barrera Mason, and Developer and Architect of The 600 Building Marcel Wisznia
discussed the following topics: the developer is working with development services, so
there should not be any additional delays in construction; the extension is due to the
increase in construction costs; construction should begin by summer 2023; The 600
Building offices will be converted into 131 apartments; and the developer has owned this
building for several years and architectural drawings are complete.
Board Member Molina made a motion to approve the motion, seconded by Board
Member Barrera. This Motion was passed and approved with the following vote:
Aye:
10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent: 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
Abstained: 0
City of Corpus Christi
Page 2 Printed on 11/22/2022
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes November 15, 2022
Enactment No:
G. AGENDA ITEMS:
4. 22-1749 Motion approving Tax Increment Reinvestment Zone #3 Board Meeting
Calendar for 2023.
Chairman Lerma referred to Item 4.
Director of Finance and Procurement Heather Hurlbert stated that this motion is to
approve the 2023 calendar schedule.
There were no questions from the Board.
Board Member Guajardo made a motion to approve the motion, seconded by Board
Member Molina. This Motion was passed and approved with the following vote:
Aye:
10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent: 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
Abstained: 0
5. 22-1948 Motion approving a 2nd Amendment to the Downtown Development
Reimbursement Agreement for 1001 N Water Street LLC, which provides the
Developer with an extension for the completion date from December 31, 2022,
to December 31, 2023.
Chairman Lerma referred to Item 5.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: The Northwater; before; and current
progress.
There were no questions from the Board.
Board Member Pusley made a motion to approve the motion, seconded by Board
Member Barrera. This Motion was passed and approved with the following vote:
Aye:
10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent: 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
Abstained: 0
City of Corpus Christi
Page 3 Printed on 11/22/2022
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes November 15, 2022
6. 22-1949
Motion to approve an amendment to the Downtown Reimbursement Agreement
with Brush Country Brewing, LLC for Casa Blanca Brewing Co. to extend the
completion deadline from December 15, 2022, to June 30, 2023.
Chairman Lerma referred to Item 6.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: Casablanca Brewery; before; and current
progress.
There were no questions from the Board.
Board Member Molina made a motion to approve the motion, seconded by Board
Member Hernandez. This Motion was passed and approved with the following vote:
Aye:
10 Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent: 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
Abstained: 0
7. 22-1950
Motion to approve an amendment to the Downtown Development
Reimbursement Agreement with 326 N Chaparral, LLC, which extends the
project completion date from November 30, 2022, to March 31, 2023.
Chairman Lerma referred to Item 7.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: Retrocade; before; current progress; first
floor changes; and second floor changes.
Board Members and Executive Director Barrera Mason discussed the following topic:
this request for extension is due to the increase in construction costs which is challenging
for some of the developers.
Board Member Smith made a motion to approve the motion, seconded by Board
Member Guajardo. This Motion was passed and approved with the following vote:
Aye:
10 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Gil Hernandez, Board
Member John Martinez, Board Member Ben Molina, Board Member Mike Pusley, Board
Member James Sedwick, and Board Member Greg Smith
Absent: 2 - Board Member Michael Hunter, and Board Member Susan Hutchinson
Abstained: 0
City of Corpus Christi Page 4 Printed on 11/22/2022
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes November 15, 2022
H. PRESENTATION ITEMS:
8. 22-1951 Updates on all TIRZ #3 Projects
Chairman Lerma referred to Item 8.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: 2017 projects by year; 2018 projects by
year; 2019 projects by year; 2020 projects by year; 2021 projects by year; 2022 projects
by year; project list; and summary.
Board Members, Executive Director Barrera Mason, and Partner with FishPond
Development David Fournier discussed the following topics: a Board Member's concern
that bars are the common theme in the downtown area; the challenge is bringing traffic to
the downtown area; and Sea Gulf Villa is currently under construction and there has been
a delay with transformer supply, so the developer is working on alternative sources of
electrical supply.
I. ADJOURNMENT
Chairman Lerma adjourned the meeting at 10:34 a.m.
City of Corpus Christi Page 5 Printed on 11/22/2022