HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 07/26/2022City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 3 - Downtown
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Tuesday, July 26, 2022
9:30 AM Council Chambers
A. Chairman Billy Lerma to call the meeting to order.
Chairman Lerma called the meeting to order at 9:32 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 Barbara Canales attended by video conference.
Present 11 - 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 John Martinez, Board Member Ben Molina,
Board Member Mike Pusley, Board Member James Sedwick, and Board Member Greg
Smith
Absent 1 - Board Member Susan Hutchinson
C. PUBLIC COMMENT:
Chairman Lerma referred to Public Comment. There were no public comments.
D. MINUTES:
1. 22-1228 Approval of the June 28, 2022 Tax Reinvestment Zone No. 3 Meeting Minutes
Chairman Lerma referred to Item 1.
Board Member Pusley made a motion to approve the minutes, seconded by Board
Member Guajardo and passed unanimously.
E. FINANCIAL REPORT:
2. 22-1301 TIRZ #3 Financial Reports as of June 30, 2022
Chairman Lerma referred to Item 2.
Director of Finance Heather Hurlbert presented information on the following topics: TIRZ
No. 3 financial position for the nine months ended June 30, 2022; TIRZ No. 3
City of Corpus Christi
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SCANNED
Reinvestment Zone No. 3 -
Downtown
Meeting Minutes July 26, 2022
commitments as of June 30, 2022; project specific development commitments as of June
30, 2022; targeted vacant property improvement grant commitments as of June 30,
2022; vacant building program commitments as of June 30, 2022; downtown living
initiative commitments as of June 30, 2022; new commercial tenant finish out
commitments as of June 30, 2022; and streetscape and safety improvement program
commitments as of June 30, 2022.
A Board Member and Executive Director of Downtown Management District Alyssa
Barrera Mason discussed the following topic: in response to a Board Member's question
whether carrying money for the old Second Baptist Church has gone away, staff
responded yes.
F. EXECUTIVE SESSION ITEMS: (NONE)
G. AGENDA ITEMS:
3. 22-1302 Resolution to approve the Proposed Fiscal Year 2023 Tax Increment
Reinvestment Zone Number Three Operating Budget in the amount of
$2,475,752 in revenues and $3,318,951 in expenditures to become effective
upon City Council approval during the normal budget process.
Chairman Lerma referred to Item 3.
Director of Management and Budget Eddie Houlihan presented information on the
following topics: budgeted revenues; program detail; program budget; proposed
expenses; and budget overview.
There were no questions from the Board.
Board Member Molina made a motion to approve the resolution, seconded by Board
Member Barrera. This Resolution was passed and approved with the following vote:
Aye:
11 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 John Martinez, Board Member Ben Molina,
Board Member Mike Pusley, Board Member James Sedwick, and Board Member Greg
Smith
Absent: 1 - Board Member Susan Hutchinson
Abstained: 0
4. 22-1295 Motion to approve a Streetscape & Safety Improvement Program reimbursement
agreement with SFY 2.0 LLC for improvements to 535 S. Carancahua for a total
incentive amount not to exceed $ 28,575.
Chairman Lerma referred to Item 4.
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Reinvestment Zone No. 3 -
Downtown
Meeting Minutes July 26, 2022
Executive Director of Downtown Management District Alyssa Barrera Mason presented
information on the following topics: 535 S. Carancahua; current condition; project
concept; project cost; and recommendation.
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: 11 -
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 John Martinez, Board Member Ben Molina,
Board Member Mike Pusley, Board Member James Sedwick, and Board Member Greg
Smith
Absent: 1 - Board Member Susan Hutchinson
Abstained: 0
H. PRESENTATION ITEMS: (NONE)
I. ADJOURNMENT
Chairman Lerma adjourned the meeting at 9:56 a.m.
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