HomeMy WebLinkAboutMinutes Reinvestment Zone No. 4 - 07/25/2022City of Corpus Christi
Meeting Minutes
Reinvestment Zone No. 4 - North Beach
1201 Leopard Street
Corpus Christi, TX 78401
cctexas.com
Monday, July 25, 2022
10:00 AM Council Chambers
A. Chairman Billy Lerma to call the meeting to order.
Chairman Lerma called the meeting to order at 10:34 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, Carol Scott and Kenneth Berry attended by
WebEx.
Present 11 - Chair Billy A. Lerma, Board Member Steve Banta, Board Member Roland Barrera, Board
Member Kenneth Berry, Vice Chair Barbara Canales, Board Member Paulette Guajardo,
Board Member Ben Molina, Board Member Mike Pusley, Board Member Carol Scott,
Board Member Greg Smith, and Board Member Jesse Gilbert
Absent 4 - Board Member Gil Hernandez, Board Member Michael Hunter, Board Member John
Martinez, and Board Member Roberto G. Hernandez
C. PUBLIC COMMENT:
Chairman Lerma referred to Public Comment. There were no public comments.
D. MINUTES:
1. 22-1041 Approval of the April 26, 2022 Reinvestment Zone No. 4 Regular Meeting
Minutes and the May 17, 2022 Special Meeting Minutes
Chairman Lerma referred to Item 1.
Board Member Barrera made a motion to approve the minutes, seconded by Board
Member Pusley and passed unanimously.
E. FINANCIAL REPORT:
2. 22-1224 TIRZ #4 Financial Reports as of May 31, 2022
Chairman Lerma referred to Item 2.
Director of Finance Heather Hurlbert presented information on the following topics:
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Meeting Minutes July 25, 2022
financial position for the eight months ended May 31, 2022; TIRZ No. 4 commitments as
of May 31, 2022; North Beach project specific development commitments as of May 31,
2022; North Beach living initiative commitments as of May 31, 2022; North Beach
property improvement commitments as of May 31, 2022; and North Beach infrastructure
improvements commitments as of May 31, 2022.
A Board Member and Director Hurlbert discussed the following topic: Puerto Del Sol RV
Park improvements are estimated to begin in September.
F. EXECUTIVE SESSION ITEMS: (NONE)
G. AGENDA ITEMS:
3. 22-1231 Resolution approving the Proposed Fiscal Year 2023 Tax Increment Reinvestment
Zone Number Four Operating Budget in the amount of $390,696 in revenues and
$97,075 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; proposed expenses; and budget overview.
A Board Member, Director Houlihan and City Manager Peter Zanoni discussed the
following topic: the proposed $390,000 does reflect the tax appraisal district.
Board Member Molina made a motion to approve the resolution, seconded by Board
Member Guajardo. This Resolution was passed and approved with the following vote:
Aye: 11 - Chair Billy A. Lerma, Board Member Steve Banta, Board Member Roland Barrera, Board
Member Kenneth Berry, Vice Chair Barbara Canales, Board Member Paulette Guajardo,
Board Member Ben Molina, Board Member Mike Pusley, Board Member Carol Scott,
Board Member Greg Smith, and Board Member Jesse Gilbert
Absent: 4 - Board Member Gil Hernandez, Board Member Michael Hunter, Board Member John
Martinez, and Board Member Roberto G. Hernandez
Abstained: 0
4. 22-1307 Motion to approve an Amendment to extend the project completion date for the
Development Reimbursement Agreement with Date Tree Holdings, LLC. for
improvements and projects located at 4606 Gulf Breeze Blvd. from July 31, 2023 to
July 31, 2027.
Chairman Lerma referred to Item 4.
Director of Finance Heather Hurlbert stated that the developer requested to extend the
project completion date from 2023 to 2027 due to challenges with supply chain and cost
of construction materials. The developer is requesting an extension to July 2027, and is
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Meeting Minutes July 25, 2022
looking into doing this project in phases so he can finance it himself.
Developer Gordon Awsumb stated that he is requesting a four year extension to break
this project down into two or three phases.
Board Members, Director Hurlbert and Mr. Awsumb discussed the following topics:
Board Members' concern about giving a four year extension, but that a two year
extension is sufficient; and a Board Member recommends considering milestones to
increase the property value.
Board Member Pusley made a motion to grant a two year extension with an option for an
additional two years, if necessary, seconded by Board Member Canales. This Motion
was passed and approved with the following vote:
Aye:
11 - Chair Billy A. Lerma, Board Member Steve Banta, Board Member Roland Barrera, Board
Member Kenneth Berry, Vice Chair Barbara Canales, Board Member Paulette Guajardo,
Board Member Ben Molina, Board Member Mike Pusley, Board Member Carol Scott,
Board Member Greg Smith, and Board Member Jesse Gilbert
Absent: 4 - Board Member Gil Hernandez, Board Member Michael Hunter, Board Member John
Martinez, and Board Member Roberto G. Hernandez
Abstained: 0
H. PRESENTATION ITEMS: (NONE)
I. ADJOURNMENT
Chairman Lerma adjourned the meeting at 10:52 a.m.
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