HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 09/20/2022City of Corpus Christi
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Corpus Christi, TX 78401
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Meeting Minutes
Reinvestment Zone No. 3 - Downtown
Tuesday, September 20, 2022
9:30 AM Council Chambers
A. Chairman Billy Lerma to call the meeting to order.
Chairman Lerma called the meeting to order at 9:35 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 Pusley arrived at 9:37 a.m., Board Member Hernandez arrived at
9:39 a.m., and Board Member Canales attended by video conference.
Present 12 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, 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, Board Member James
Sedwick, and Board Member Greg Smith
C. PUBLIC COMMENT:
Chairman Lerma referred to Public Comment. There were no comments from the public.
D. MINUTES:
1. 22-1625 Approval of the August 30, 2022 Special 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.
Aye:
11 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette Guajardo, Board Member Michael Hunter, Board
Member Susan Hutchinson, Board Member John Martinez, Board Member Ben Molina,
Board Member Mike Pusley, Board Member James Sedwick, and Board Member Greg
Smith
Absent: 1 - Board Member Gil Hernandez
Abstained: 0
E. FINANCIAL REPORT:
City of Corpus Christi
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SCANNED
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes September 20, 2022
2. 22-1626 TIRZ #3 Financial Reports as of July 31, 2022
Chairman Lerma referred to Item 2.
Director of Finance Heather Hurlbert presented information on the following topics: TIRZ
No. 3 financial positions for the ten months ended July 31, 2022; TIRZ No. 3
commitments as of July 31, 2022; project specific development commitments as of July
31, 2022; vacant property improvement commitments as of July 31, 2022; downtown
living initiative commitments as of July 31, 2022; new commercial tenant finish out
commitments as of July 31, 2022; and streetscape and safety improvement program
commitments as of July 31, 2022.
There were no questions from the Board.
F. EXECUTIVE SESSION ITEMS:
Chairman Lerma referred to Executive Session Item 3. The Board Members went into
Executive Session at 9:41 a.m. The Board Members returned from Executive Session at
10:06 a.m.
3. 22-1632 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 regarding possible economic development
agreement(s) involving Neptune Fitness, LLC and/or other entities involved with
the project located at or near 1001 2nd 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 in the estimated amount of $18,299.00 involving said business
prospect.
This E -Session Item was passed after executive session.
The following motion was considered:
Motion authorizing a downtown development reimbursement agreement with Neptune
Fitness LLC, in an amount not to exceed $18,299, for improvements to the property
located at 1001 2nd Street under the Commercial Finish -Out Program.
Board Member Barrera made a motion to approve the motion, seconded by Board
Member Hunter and approved with the following vote:
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Reinvestment Zone No. 3 -
Downtown
Meeting Minutes September 20, 2022
Aye:
12 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, 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, Board Member James
Sedwick, and Board Member Greg Smith
Abstained: 0
Enactment No:
G. AGENDA ITEMS:
4. 22-1634 Motion to approve a Service Plan for Fiscal Year 2023 and renew the Interlocal
Cooperation Agreement between Corpus Christi Tax Increment Reinvestment
Zone #3 (TIRZ #3) and the Corpus Christi Downtown Management District
(DMD) to encourage the redevelopment of TIRZ #3 in the amount of $665,000
for program and incentive administration, $50,000 for downtown park
maintenance activities, and $50,000 for downtown right-of-way maintenance
activities for a total contracted amount of $765,000.
Chairman Lerma referred to Item 4.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: overview; about the DMD vision and
mission; about our team; FY 2022 highlights; proposed FY 2023 budget; district
operations; placemaking; Water Street reimagined; shoreline pedestrian improvements;
upper and lower Broadway Bluff; Agnes/Laredo Entryway; economic development;
realizing the potential; promotions; organizational management; and metrics and
benchmarks.
Board Members and Executive Director Barrera Mason discussed the following topics:
the marina is included in the downtown TIRZ; identifying available spaces with a Marina
Master Plan is the goal for bringing in new businesses to the T -Heads; the DMD
coordinates with the Parks and Recreation department to bring in events such as the
October Artwalk which includes the A&M Corpus Christi Oso Bay Biennial; and Visit
Corpus Christi is very involved with the holiday series.
Board Member Hernandez made a motion to approve the motion, seconded by Board
Member Pusley. This Motion was passed and approved with the following vote:
Aye:
12 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, 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, Board Member James
Sedwick, and Board Member Greg Smith
Abstained: 0
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Reinvestment Zone No. 3 -
Downtown
Meeting Minutes September 20, 2022
H. PRESENTATION ITEMS:
5. 22-1639 2022 Parking Garage Feasibility Study Update
Chairman Lerma referred to Item 5.
Executive Director of Downtown Management District Alyssa Barrera Mason presented
information on the following topics: innovation cluster boundary; fully developed
innovation cluster; parking demand analysis; proposed future garage sites; future parking
inventory; future parking adequacy; site study; site 1 concept; site 2 concept; base
concept; design concept 1 -unify fragments; design concept 2 -monumental stairs;
benchmarking; assumed costs; funding mechanisms; pro forma assumptions; parking
rate benchmarking; parking pro forma -revenue; parking pro forma -expenses; parking pro
forma -summary; and parking garage feasibility study -findings.
Board Members and Executive Director Barrera Mason discussed the following topics:
a Board Member's request for the amount of revenue received from downtown parking;
$25,000 per parking space is the industry standard price; a Board Member's request to
consider using the Regional Transportation Authority (RTA) as an option to manage
parking facilities; a Board Member believes that the focus needs to be bringing more
people to the downtown area before building a parking garage; and a Board Member's
request for the DMD to discuss with Texas A&M University -Corpus Christi to help fund a
parking garage project.
I. ADJOURNMENT
Chairman Lerma adjourned the meeting at 11:03 a.m.
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