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HomeMy WebLinkAboutMinutes Reinvestment Zone No. 3 - 02/11/2025 - SpecialCity of Corpus Christi Meeting Minutes Reinvestment Zone No. 3 - Downtown 1201 Leopard Street Corpus Christi, TX 78401 cctexas.com Tuesday, February 11, 2025 9:30 AM Council Chambers Special Meeting A. Chairman Everett Roy to call the meeting to order. Chairman Roy called the meeting to order at 9:35 a.m. B. City Secretary Rebecca Huerta to call roll of the Corporation Directors. City Secretary Rebecca Huerta called the roll and verified that a quorum of the Board was present to conduct the meeting. Present 10 - Board Member James Sedwick, Board Member Sylvia Campos, Board Member Rudy Garza, Chair Everett Roy, Board Member Eric Cantu, Board Member Mark Scott, Board Member Carolyn Vaughn, Board Member Gil Hernandez, Board Member Roland Barrera, and Board Member Paulette Guajardo Absent 2 - Board Member Connie Scott, and Board Member Kaylynn Paxson C. PUBLIC COMMENT: Chairman Roy referred to Public Comment. There were no comments from the public. D. MINUTES: 1. 25-0149 Approval of the November 19, 2024 Reinvestment Zone No. 3 Regular Meeting Minutes Chairman Roy referred to Item 1. Board Member Barrera moved to approve the minutes, seconded by Board Member Guajardo and passed unanimously. Aye: 10 - Board Member James Sedwick, Board Member Sylvia Campos, Board Member Rudy Garza, Chair Everett Roy, Board Member Eric Cantu, Board Member Mark Scott, Board Member Carolyn Vaughn, Board Member Gil Hernandez, Board Member Roland Barrera, and Board Member Paulette Guajardo Absent: 2 Board Member Connie Scott, and Board Member Kaylynn Paxson Abstained: 0 E. FINANCIAL REPORT: City of Corpus Christi Page 1 Printed on 2/17/2025 SCANNED Reinvestment Zone No. 3 - Downtown Meeting Minutes February 11, 2025 2. 25-0179 TIRZ #3 Financial Reports as of December 31, 2025 Chairman Roy referred to Item 2. Director of Finance and Procurement Sergio Villasana presented information on the following topics: TIRZ No. 3 financial position for the three months ended December 31, 2024; TIRZ No. 3 commitments as of December 31, 2024; project specific development commitments as of December 31, 2024; targeted vacant property improvement commitments as of December 31, 2024; commercial finish out commitments as of December 31, 2024; downtown living initiative commitments as of December 31, 2024; streetscape and safety improvement program commitments as of December 31, 2024; and rooftop activation program commitments as of December 31, 2024. Board Members, Assistant City Manager Heather Hurlbert and Director Villasana discussed the following topics: need to be selective about future projects; a concern about revenues and how to reduce administrative costs; a request for a detailed breakdown of administrative expenses; and this TIRZ expires in 2028 so it can be renewed as soon as desired. F. EXECUTIVE SESSION ITEMS: (NONE) G. AGENDA ITEMS: 3. 25-0147 Election of Officers - Vice Chair Chairman Roy referred to Item 3. Board Member Barrera nominated Board Member Scott as Vice Chair. Board Member Guajardo nominated Board Member Vaughn as Vice Chair. Board Member Vaughn was elected as Vice Chair. 4. 25-0148 Motion approving Tax Increment Reinvestment Zone #3 Board Meeting Calendar Chairman Roy referred to Item 4. Director of Economic Development Arturo Marquez presented the Reinvestment Zone #3 Board Meeting Calendar. There were no questions from the Board Members. Board Member Guajardo moved to approve the motion, seconded by Board Member Campos. This Motion was passed and approved with the following vote: City of Corpus Christi Page 2 Printed on 2/17/2025 Reinvestment Zone No. 3 - Downtown Meeting Minutes February 11, 2025 Aye: 10 - Board Member James Sedwick, Board Member Sylvia Campos, Board Member Rudy Garza, Chair Everett Roy, Board Member Eric Cantu, Board Member Mark Scott, Board Member Carolyn Vaughn, Board Member Gil Hernandez, Board Member Roland Barrera, and Board Member Paulette Guajardo Absent: 2 - Board Member Connie Scott, and Board Member Kaylynn Paxson Abstained: 0 5. 25-0119 Motion to approve a Downtown Development Agreement with Furman Foundry, LLC for improvements to the property located at 418 Peoples Street, Suite 402, for a total incentive amount not to exceed $16,428.00, effective upon signature by the City Manager. Chairman Roy referred to Item 5. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: project site; current condition (interior); current condition (exterior); project concept (interior); project concept (exterior); project concept (floor plan); and recommendation. Board Member Barrera moved to amend the motion to add Suites 110 and 111, seconded by Board Member Scott and passed unanimously. Board Member Guajardo moved to approve the motion as amended, seconded by Board Member Barrera. This Motion was passed as amended and approved with the following vote: Aye: 10 - Board Member James Sedwick, Board Member Sylvia Campos, Board Member Rudy Garza, Chair Everett Roy, Board Member Eric Cantu, Board Member Mark Scott, Board Member Carolyn Vaughn, Board Member Gil Hernandez, Board Member Roland Barrera, and Board Member Paulette Guajardo Absent: 2 - Board Member Connie Scott, and Board Member Kaylynn Paxson Abstained: 0 6. 25-0120 Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with ZJZ Properties QOF, LLC for the property located at 715 N Mesquite Street, which amends the agreement to add $11,000 to the original reimbursement amount of $46,489, effective upon signature by the City Manager or designee. Chairman Roy referred to Item 6. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: project site; previous condition; current condition; project concept; and recommendation. City of Corpus Christi Page 3 Printed on 2/17/2025 Reinvestment Zone No. 3 - Downtown Meeting Minutes February 11, 2025 Board Members and Executive Director Mason discussed the following topics: there will be 145 parking spaces available; and a concern about the lack of parking enforcement in the field across from The Gold Fish. Board Member Barrera moved to approve the motion, seconded by Board Member Guajardo. This Motion was passed and approved with the following vote: Aye: 10 - Board Member James Sedwick, Board Member Sylvia Campos, Board Member Rudy Garza, Chair Everett Roy, Board Member Eric Cantu, Board Member Mark Scott, Board Member Carolyn Vaughn, Board Member Gil Hernandez, Board Member Roland Barrera, and Board Member Paulette Guajardo Absent: 2 - Board Member Connie Scott, and Board Member Kaylynn Paxson Abstained: 0 H. PRESENTATION ITEMS: 7. 25-0121 DMD Updates Chairman Roy referred to Item 7. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: placemaking-holiday installations recap; downtown trash receptacles; Agnes/Chaparral conversion; PD HQ lighting assessment; economic development-Bayside Pilates (new project); Hotel Indigo (new project); Thunderbird Wine and Spirits (Landlord) (new project); Thirsty (update); promotions -special events 2024 holiday series recap; and State of Downtown and the Downtowner Awards presented by AEP Texas. Board Members and Executive Director Barrera Mason discussed the following topics: a desire for more trees to be planted downtown; to consider xeriscaping as an option during the drought; and to explore more grants for the Marina. 8. 25-0122 DMD 2023-2024 Impact Report Chairman Roy referred to Item 8. Executive Director of Downtown Management District (DMD) Alyssa Barrera Mason presented information on the following topics: who we are; district operations; light maintenance; placemaking; Agnes/South Chaparral conversion project; economic development; new business openings in FY 24; promotions; First Friday Artwalk; organizational management; Municipal management district administration and governance; and downtown partnerships. There were no questions from the Board Members. I. ADJOURNMENT City of Corpus Christi Page 4 Printed on 2/17/2025 Reinvestment Zone No. 3 - Downtown Meeting Minutes February 11, 2025 There being no further business, Chairman Roy adjourned the meeting at 10:27 a.m. City of Corpus Christi Page 5 Printed on 2/17/2025