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City of Corpus Christi Corpus Christi,TX 78401
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Meeting Minutes
Reinvestment Zone No. 3 - Downtown
Tuesday,May 21,2024 9:30 AM Council Chambers
A. Chairman Mike Pusley to call the meeting to order.
Chairman Pusley called the meeting to order at 9:32 a.m.
B. Assistant City Secretary Stephanie Box to call roll of the Corporation Directors.
Assistant City Secretary Stephanie Box called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Note: Board Members Guajardo and Hernandez arrived at 9:36 a.m.
Present 11 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board Member
James Sedwick, Board Member Jim Klein, Board Member Dan Suckley, Board Member
Everett Roy, Board Member Sylvia Campos, and Board Member Rudy Garza
Absent 1 - Board Member Connie Scott
C. PUBLIC COMMENT:
Chairman Pusley referred to Public Comment. There were no comments from the public.
D. MINUTES:
1. 24-0809 Approval of the March 26, 2024 Reinvestment Zone No. 3 Regular Meeting
Minutes
Chairman Pusley referred to Item 1.
Board Member Barrera moved to approve the minutes, seconded by Board Member
Suckley and passed unanimously.
Aye: 10- Board Member Roland Barrera, Board Member Gil Hernandez, Board Member Michael
Hunter, Board Member Mike Pusley, Board Member James Sedwick, Board Member Jim
Klein, Board Member Dan Suckley, Board Member Everett Roy, Board Member Sylvia
Campos, and Board Member Rudy Garza
Absent: 2- Board Member Paulette Guajardo, and Board Member Connie Scott
Abstained: 0
E. FINANCIAL REPORT:
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2. 24-0759 TIRZ#3 Financial Reports as of March 31, 2024
Chairman Pusley referred to Item 2.
Assistant City Manager Heather Hurlbert presented information on the following topics:
TIRZ No. 3 financial position for the six months ended March 31, 2024; TIRZ No. 3
commitments as of March 31, 2024; project specific development commitments as of
March 31, 2024; targeted vacant property improvement commitments as of March 31,
2024; downtown living initiative commitments as of March 31, 2024; commercial finish
out commitments as of March 31, 2024; streetscape and safety improvement program
commitments as of March 31, 2024; rooftop activation program commitments as of
March 31, 2024.
Assistant City Manager Hurlbert explained that Tax Increment Reinvestment Zones are
set up to receive revenue on an annual basis based on property taxes.
F. EXECUTIVE SESSION ITEMS: (NONE)
G. AGENDA ITEMS:
3. 24-0719 Motion to approve a Downtown Development Agreement with 416 N Chaparral
St, LLC for improvements to the property located at 416 N Chaparral Street for a
total incentive amount not to exceed $3,060,000, effective upon signature by the
City Manager or designee.
Chairman Pusley referred to Item 3.
Executive Director of Downtown Management District (DMD)Alyssa Barrera Mason
presented information on the following topics: project site; history; current condition
(interior); current condition (exterior); project concept (interior); project concept (exterior);
project concept (branding); project concept (level 1 floor plan); project concept (level 2
floor plan); project concept (levels 3-9 floor plan); project concept (level 10 floor plan);
project concept (site plan); and recommendation.
Board Members, Assistant City Manager Hurlbert, and Executive Director of DMD
Barrera Mason discussed the following topics: the historic facade of this building will
remain the same; the low dollar amount to rent these apartment complexes is inspiring for
young adults; the square footage, parking space, and public transportation from
downtown to the university; whether the developer has requested funding from Type B;
the TIRZ has a sufficient fund balance available to fund all proposed projects; and Board
Members thanked the developer and the DMD for bringing business to downtown Corpus
Christi.
Board Member Barrera moved to approve the motion, seconded by Board Member
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Guajardo. This Motion was passed and approved with the following vote:
Aye: 10- Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Mike Pusley, Board Member James Sedwick, Board Member
Jim Klein, Board Member Dan Suckley, Board Member Everett Roy, Board Member
Sylvia Campos, and Board Member Rudy Garza
Absent: 2- Board Member Michael Hunter,and Board Member Connie Scott
Abstained: 0
4. 24-0720 Motion to approve a Downtown Development Agreement with YC Texas Hotel,
LLC for improvements to the property located at 601 N Water Street for a total
incentive amount not to exceed $2,158,500, effective upon signature by the City
Manager or designee.
Chairman Pusley referred to Item 4.
Executive Director of Downtown Management District (DMD)Alyssa Barrera Mason
presented information on the following topics: project site; current condition (exterior);
project concept (exterior); project concept (interior); project concept (inspiration); and
recommendation.
Board Members, Executive Director of DMD Barrera Mason, and Developer Balbir
Gosal discussed the following topics: this hotel will include 200 rooms with retail space;
what is the total improvement cost; and if the developer has been given the option to
apply for Type B funding.
Board Member Guajardo moved to approve the motion, seconded by Board Member
Barrera. This Motion was passed and approved with the following vote:
Aye: 11 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board Member
James Sedwick, Board Member Jim Klein, Board Member Dan Suckley, Board Member
Everett Roy, Board Member Sylvia Campos, and Board Member Rudy Garza
Absent: 1 - Board Member Connie Scott
Abstained: 0
5. 24-0721 Motion to approve a 1st amendment to the TIRZ#3 Downtown Development
Reimbursement Agreement with 611 Commerce Venue Hall for the property
located at 605 Mesquite Street, which provides the developer with an extension
for the completion date from June 30, 2024 to June 30, 2025, effective upon
signature by the City Manager or designee.
Chairman Pusley referred to Item 5.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: project site; before photos; current
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progress; project concept; and recommendation.
Board Members and Executive Director of DMD Barrera Mason discussed the following
topics: projects are usually granted a six month to one year extension; and to ensure
developers certify the funding of a project.
Board Member Barrera moved to approve the motion, seconded by Board Member
Hunter. This Motion was passed and approved with the following vote:
Aye: 11 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board Member
James Sedwick, Board Member Jim Klein, Board Member Dan Suckley, Board Member
Everett Roy, Board Member Sylvia Campos, and Board Member Rudy Garza
Absent: 1 - Board Member Connie Scott
Abstained: 0
6. 24-0722 Motion to approve a 1st amendment to the TIRZ#3 Downtown Development
Reimbursement Agreement with Lucas Boyd for the property located at 317
Peoples Street which provides the developer with an extension for the
completion date from May 31, 2024 to November 30, 2024, effective upon
signature by the City Manager or designee.
Chairman Pusley referred to Item 6.
Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason
presented information on the following topics: project site; before photos; current
progress; project concept; and recommendation.
There were no questions from the Board Members.
Board Member Barrera moved to approve the motion, seconded by Board Member Roy.
This Motion was passed and approved with the following vote:
Aye: 11 - Board Member Roland Barrera, Board Member Paulette Guajardo, Board Member Gil
Hernandez, Board Member Michael Hunter, Board Member Mike Pusley, Board Member
James Sedwick, Board Member Jim Klein, Board Member Dan Suckley, Board Member
Everett Roy, Board Member Sylvia Campos, and Board Member Rudy Garza
Absent: 1 - Board Member Connie Scott
Abstained: 0
H. PRESENTATION ITEMS:
7. 24-0723 DMD Updates
Chairman Pusley referred to Item 7.
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Executive Director of Downtown Management District (DMD)Alyssa Barrera Mason
presented information on the following topics: placemaking; mural fest 2024 update;
economic development; Marty McPies (update); and Bay Building (update).
Board Members and Executive Director Barrera Mason discussed the following topics:
Board Members commended the DMD for progress in downtown Corpus Christi.
I. ADJOURNMENT
There being no further business, Chairman Pusley adjourned the meeting at 10:35 a.m.
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