HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 03/29/2022 J� Cityof Corpus Christi 1201 Leopard StreetrP
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Meeting Minutes
Reinvestment Zone No. 3 - Downtown
Tuesday,March 29,2022 9:30 AM Council Chambers
A. Chairman Billy Lerma to call the meeting to order.
Chairman Lerma called the meeting to order at 9:39 a.m.
B. City Secretary Rebecca Huerta to call roll of the Corporation Directors.
City Secretary Rebecca L. Huerta called the roll and verified that a quorum of the Board
was present to conduct the meeting.
Present 11 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette M. 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 1 - Board Member Greg Smith
C. PUBLIC COMMENT:
Chairman Lerma referred to Public Comment. There were no public comments.
D. MINUTES/ EXCUSED ABSENCES:
1. 22-0560 Approval of the January 25, 2022 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 Hunter and passed unanimously.
E. FINANCIAL REPORT:
2. 22-0425 TIRZ #3 Financial Reports as of January 31, 2022
Chairman Lerma referred to Item 2.
Director of Finance Heather Hurlbert presented information on the TIRZ No. 3 financial
position for the four months ended January 31, 2022; commitments as of January 31,
2022; project specific development commitments as of January 31, 2022; targeted
vacant property improvement grant commitments as of January 31, 2022; downtown
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Reinvestment Zone No.3- Meeting Minutes March 29,2022
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living initiative commitments as of January 31, 2022; new tenant commercial finish out
commitments as of January 31, 2022; and streetscape and safety improvement program
commitments as of January 31, 2022.
There were no questions from the Board.
F. EXECUTIVE SESSION ITEMS:
Board Member Lerma referred to Executive Session Item 3. The Board went into
Executive Session at 9:44 a.m. The Board returned from Executive Session at 10:02
a.m.
3. 22-0596 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 amendments to economic
development agreement(s) involving Agnes Water LLC and/or other entities
involved with a development at or near 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 said business
prospect, including amendments to existing agreements.
This E-Session Item was passed after executive session.
The following motion was considered:
Motion authorizing Amendment No. 1 to the downtown reimbursement agreement with
Agnes Water LLC for the development at 402 S Chaparral, which reduces the total
reimbursement amount from $200,000 to $144,750 due to changes to the Scope of
Work.
Board Member Barrera made a motion to approve the motion, seconded by Board
Member Molina and approved with the following vote:
Aye: 11 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette M. 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: 1 - Board Member Greg Smith
Abstained: 0
Enactment No:
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Downtown
G. AGENDA ITEMS:
4. 22-0332 Motion to approve an amendment to extend the project completion date for the
Downtown Streetscape Reimbursement Agreement with Fieldberry, LLC from
February 28, 2022 to December 31, 2022.
Chairman Lerma referred to Item 4.
There were no questions from the Board.
Board Member Hunter made a motion to approve the motion, seconded by Board
Member Guajardo. 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 M. 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: 1 - Board Member Greg Smith
Abstained: 0
5. 22-0498 Motion to approve a New Commercial Tenant Finish-Out Program
Reimbursement Agreement for HypeByke located at 311 Peoples Street for a
total incentive amount not to exceed $12,000.
Chairman Lerma referred to Item 5.
Executive Director of the Downtown Management District Alyssa Barrera Mason
presented the following information on the HypeByke project: project site; about
HypeByke; the developer; current condition; project concept; project cost; and
recommendation.
Developer Melanie Salinas stated that this is another opportunity for cyclists, which offers
drop in or membership services.
Board Member Pusley made a motion to approve the motion, seconded by Board
Member Hernandez. 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 M. 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: 1 - Board Member Greg Smith
Abstained: 0
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Reinvestment Zone No.3- Meeting Minutes March 29,2022
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6. 22-0499 Motion to approve an amendment to extend the project completion date for the
Downtown Streetscape Reimbursement Agreement with RAF Real Estate
Investments, LLC from March 31, 2022 to September 30, 2022.
Chairman Lerma referred to Item 6.
Executive Director of the Downtown Management District Alyssa Barrera Mason
presented the following information on the Private Wealth Group: about private wealth
group; and improvements.
There were no questions 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: 11 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette M. 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: 1 - Board Member Greg Smith
Abstained: 0
7. 22-0517 Motion to approve a Downtown Streetscape Reimbursement Agreement with Premier
Smiles PLLC for improvements to the property located at 1200 Santa Fe Street for a
total incentive amount not to exceed$17,395.
Chairman Lerma referred to Item 7.
Executive Director of the Downtown Management District Alyssa Barrera Mason
presented the following information on Premier Smiles: project site; about Premier
Smiles; current condition; project concept; project cost; and recommendation.
There were no questions from the Board.
Board Member Hernandez made a motion to approve the motion, seconded by Board
Member Guajardo. 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 M. 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: 1 - Board Member Greg Smith
Abstained: 0
8. 22-0576 Motion authorizing the termination of the existing Streetscape Reimbursement
Agreement with Buccaneer Commission, Inc. related to the property located at 1316
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N. Chaparral Street by agreement; and authorizing a new Downtown Streetscape
Reimbursement Agreement with Buccaneer Commission, Inc. for improvements to
the property located at 1415 N. Chaparral Street for a total incentive amount not to
exceed $200,000.
Chairman Lerma referred to Item 8.
Executive Director of the Downtown Management District Alyssa Barrera Mason
presented information on the Buccaneer Commission: project site; current condition;
project concept; project cost; and recommendation.
President and CEO of Buccaneer Commission Johnny Philipello stated that the purpose
of this new building is to expand their space and have more storage room.
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: 11 - Board Member Billy A. Lerma, Board Member Roland Barrera, Board Member Barbara
Canales, Board Member Paulette M. 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: 1 - Board Member Greg Smith
Abstained: 0
H. PRESENTATION ITEMS: None
ADJOURNMENT:
Chairman Lerma adjourned the meeting at 10:14 a.m.
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