HomeMy WebLinkAboutMinutes Reinvestment Zone No. 4 - 12/17/2019 Cit/ of Cor us Christi
Meeting Minutes 1201 Leopard Street
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Reinvestment Zone No. 4
Tuesday,December 17,2019 3:00 PM Council Chambers
A. Chairman Everett Roy to call the meeting to order.
Chairman Roy called the meeting to order at 3:22 p.m.
B. City Secretary Rebecca Huerta to call roll
Secretary Rebecca L.Huerta called the roll and verified that a quorum of the
Board was present to conduct the meeting.
Chairman Roy recognized Carrie Meyer who was appointed by the Council to
the board of directors of the Tax Increment Reinvestment Zone Number 4
(TIRZ#4)on December 17,2019.
Present 14- Chair Everett Roy, Board Member Steve Banta, Board Member Roland
Barrera,Vice Chair Barbara Canales, Board Member Rudy Garza, Board
Member Paulette Guajardo, Board Member Gil Hernandez, Board Member
Michael Hunter, Board Member Joe McComb, Board Member Carrie Meyer,
Board Member Ben Molina, Board Member Tom Schmid, Board Member
Greg Smith, and Board Member Carolyn Vaughn
C. PUBLIC COMMENT:
Chairman Roy called for Public Comment.There were no comments from the
public.
D. MINUTES:
1. Approval of Minutes of the November 19, 2019 Regular Meeting
Chairman Roy referred to Item 1.
Board Member Barrera made a motion to approve the minutes,seconded by
Board Member Garza and passed unanimously(Board Member Banta-absent).
E. FINANCIAL REPORT: (NONE)
F. EXECUTIVE SESSION ITEMS: (NONE)
G. AGENDA ITEMS:
2. Motion approving amendments to the Tax Increment Reinvestment Zone
City of Corpus Christi Page 1 Printed on 1/9/2020
SCANNED
Reinvestment Zone No.4 Meeting Minutes December 17,2019
#4 Amended Project& Financing Plans regarding additional ad valorem
property values within the zone, and other matters relating thereto.
Chairman Roy referred to Item 2.
Business Liaison Arlene Medrano stated that the purpose of this item is to
amend the Project and Financing Plan to account for an increase in ad
valorem revenue of$2.5 million over twenty years and to adjust project
expenses proportionately.
Board Member Guajardo made a motion to approve Item 2,seconded by Board
Member Hunter.
Board members and Business Liaison Medrano discussed the following topics:
that a canal will not solve drainage issues on North Beach;elevating North
Beach;that the canal is an economic development initiative;amending the
TIRZ#4 Project and Financing Plan to use monies set aside for incentives,to
pay for the canal;that the canal is a drainage project and,therefore,the
appropriateness of using TIRZ#4 monies for the canal;the appropriateness of
discussing the canal during this TIRZ#4 meeting;that the canal is the backbone
of drainage solutions on North Beach;and that the canal does not address the
major problem of tidal flooding.
Item 2 passed unanimously(Board Members Hernandez and Banta-absent).
H. PRESENTATION ITEMS: (NONE)
IDENTIFY FUTURE AGENDA ITEMS:
Chairman Roy referred to Identify Future Agenda Items. Board members
discussed the following items: committing monies from TIRZ#4 to the
construction of a canal on North Beach;using hotel occupancy taxes for
certain projects;establishing the best funding source for the canal on North
Beach;review of TIRZ#4's Project and Financing Plan;review of the July 20,
2018 HDR Engineering drainage study;a public-private partnership(P3)
arrangement to fund the canal on North Beach;and consulting public finance
counsel,financial advisors and a hydrology expert and exploring grants and
other funding opportunities related to the canal on North Beach.
J. ADJOURNMENT
The meeting was adjourned at 3:47 p.m.
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