HomeMy WebLinkAbout033762 ORD - 09/23/2025Ordinance approving an economic development incentive agreement
project between the Corpus Christi B Corporation (Type B
Corporation) and Padre Island North, LLC for a total amount not to
exceed $2,000,000.00 for development of the Marriott Dual Branded
Hotels, Courtyard & Residence Inn, Conference Center, Bar &
Restaurant located at 15210 — 15222 Windward Drive, Corpus Christi;
as part of the project developer, Padre Island North, LLC, will create
73 primary jobs for the new or expanded business enterprise; and
appropriating $2,000,000.00, in project funding to be reimbursed over
a five-year period from the unreserved fund balance of the Corpus
Christi B Corporation Economic Development fund.
WHEREAS, the Texas Legislature in Section 501 of the Local Government Code
(Development Corporation Act of 1979) empowered local communities with the ability to
adopt an optional local sales and use tax as a means of improving the economic health
and prosperity of their citizens;
WHEREAS, residents of the City of Corpus Christi have authorized the adoption
of a sales and use tax to be administered by a Type B Corporation at the rate of one -
eighth of one percent to be imposed for 20 years;
WHEREAS, on November 8, 2016, residents of the City passed Proposition 1,
Adopt Type B Sales Tax to Replace Expiring Portion of Type A Sales Tax, which
authorized the adoption of a sales and use tax to be administered by a Type B Corporation
at the rate of one -eighth of one percent to be imposed for 20 years with use of the
proceeds for (1) 50% to the promotion and development of new and expanded business
enterprises to the full extent allowed by Texas law, (2) $500,000 annually for affordable
housing, and (3) the balance of the proceeds for the construction, maintenance and repair
of arterial and collector streets and roads;
WHEREAS, the 1/8th cent sales tax authorized by passage of Proposition 1 was
subsequently enacted by the City Council and filed with the State Comptroller of Texas,
effective April 1, 2018, to be administered by the Corpus Christi B Corporation Board;
WHEREAS, the Corpus Christi B Corporation exists for the purposes of
encouraging and assisting entities in the creation of jobs for the citizens of Corpus Christi,
Texas;
WHEREAS, on June 30, 2025, the B Corporation Board held a public hearing and
authorized the Mariott Dual Branded Hotels project, finding that it is in the best interest of
the residents of the City that up to $2,000,000.00 from the Corpus Christi B Corporation
Economic Development Fund be reserved for a business incentive agreement project
between the Corpus Christi B Corporation and Padre Island North, LLC; finding that the
project promotes and develops new or expanded business enterprises; and finding that
the project totals an estimated $34 million Marriot Dual Branded Hotels development
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0337
SCANNED
located at 15210 —15222 Windward Drive, Corpus Christi in accordance with Texas Local
Government Code Sections 501.103 and 505.152;
WHEREAS, on August 25, 2025, the B Corporation Board approved the Business
Incentive Agreement for the project;
WHEREAS, the Mariott Dual Branded Hotels business incentive agreement project
between the Corpus Christi B Corporation and Padre Island North, LLC will create 73
primary jobs within the City with an average annual salary of $30,665.00, resulting in an
estimated annual payroll of $2.2. million;
WHEREAS, the Mariott Dual Branded Hotels business incentive agreement project
aligns with the City's economic development goals by enhancing economic development,
stimulating year-round tourism, and offering opportunities in hospitality, event
management, and culinary services, aligning with local workforce and economic
development expansion; and
WHEREAS, Texas Local Government Code Section 501.073 of the Act requires the
City Council to approve all programs and expenditures of the Corporation.
Be it ordained by the City Council of the City of Corpus Christi, Texas:
Section 1. The City Council approves an economic development incentive
agreement project between the Corpus Christi B Corporation (Type B Corporation) and
Padre Island North, LLC for a total incentive amount not to exceed $2,000,000.00, for
development of the Marriott Dual Branded Hotels, Courtyard & Residence Inn, Conference
Center, Bar & Restaurant located at 15210 — 15222 Windward Drive, Corpus Christi.
Section 2. The recitals contained in the preamble hereof are hereby found to be
true, and such recitals are hereby made a part of this ordinance for all purposes and are
adopted as a part of the findings of the City Council.
Section 3. The City Council appropriates the use of up to $2,000,000.00, in funding
from the Corpus Christi B Corporation Economic Development Fund for the Mariott Dual
Branded Hotels project between the Corpus Christi B Corporation and Padre Island North,
LLC; and funding shall be reimbursed over a five-year period in accordance with the
economic development incentive agreement for the project.
Introduced and voted on the `:01\ day of `' V' ` , 2025.
PASSED and APPROVED on the day ofyM , 2025.
ATTEST:
Paulette Guajardo, M
Rebecca Huerta, City Secretary
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