HomeMy WebLinkAbout025343 RES - 06/17/2003RESOLUTION
ADOPTING THE CITY OF CORPUS CHRISTI COMMERCIAL
REVITALIZATION LOCAL STRATEGIC PLAN FOR 2003-2009
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS, THAT:
SECTION 1. The City Council, as the governing body of the City of Corpus Christi,
adopts the City of Corpus Christi Commercial Revitalization Local Strategic Plan for the
City's Renewal Community Commercial Revitalization Deduction Allocation Program.
The City of Corpus Christi Commercial Revitalization Local Strategic Plan for 2003-2009
is attached to this resolution and marked as Attachment 1.
SECTION 2. The City Manager is directed to forward a copy of this resolution and the
City of Corpus Christi Commercial Revitalization Local Strategic Plan to the Executive
Director, Texas Department of Economic Development.
ATTEST:
THE CITY OF CORPUS CHRISTI
Armando Chapa
City Secretary
Mayor
Approved: May 13, 2003;
Lisa Aguilar
Assistant City Attorney
for City Attorney
025343
City of Corpus Christi
Commercial Revitalization
Local Strategic Plan for 2003-2009
1) The Coordinating Responsible Authority (CORA) for the Corpus Christi Renewal Community will submit a
copy of the City's approved Tax Incentive Utilization Plan and contact information to the Executive Director
or the Executive Director's designee of the Texas Department of Economic Development. The City
Manager shall appoint the CoRA for the Corpus Christi Renewal Community:
2) The process for receiving applications is as follows:
a) Public notice inviting applications for commercial revitalization allocations will be published in the
Corpus Christi Caller Times each year indicating the time period to which applications will be
considered.
b) Application information will be available by contacting the CoRA and via the City of Corpus Christi's web
site.
c) Applications will be time stamped upon receipt and reviewed for completion. Applications will be
considered only if:
i) The building and its structural components will be placed in service by the taxpayer in the Renewal
Community and the original use of the building will begin with the taxpayer or the building will be
substantially rehabilitated by the taxpayer and is placed in service by the taxpayer after the
rehabilitation in the Renewal Community.
ii) The expenditures of the project meet the statutory requirement for the allowable Commercial
Revitalization expenditures.
iii) Request of allocation is less than $10 million,
iv) The applicant is in good standing with the Texas Comptroller of Public Accounts and the Texas
Workforce commission has confirmed that the applicant is current on unemployment insurance tax.
v) The applicant demonstrates that the project can be completed within the time required by law to
claim the commercial revitalization deduction.
vi) The applicant has the financial support needed to complete the project
vii) The applicant has a contract on the property on which the project will be rehabilitated or constructed
or has ownership title to the property.
d) The CoRA will review the completed applications meeting the requirements in section 2(c) of this plan
and make recommendations through the City Manager to the City Council based on the following
criteria:
i) The project creates and retains jobs in the Renewal Community.
ii) The applicant is willing to work with the Workforce Network, Inc. to identify qualified candidates
for the positions that will be created and where possible, hire Renewal Community residents
individuals meeting the criteria for work opportunity tax credit and welfare to work tax credit.
Modified 05/13/03 ATTACHMENT I Page 1
e)
f)
g)
iii) The applicant is committed to affirmatively hiring minority workers and affirmatively contracting
with minority owned businesses, local Iow-income community businesses (businesses located
in census tracts with 20% poverty or greater) and/or businesses located in the Renewal
Community.
iv) The applicant is committed to hiring underskilled, inexperienced, disadvantaged or displaced
workers, where possible.
v) The applicant is committed to providing on the job technical and vocational training for
economically disadvantaged or Renewal Community residents, where possible.
vi) The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and Seed Area
Community Development Block Grant (CDBG) eligible area, or Historically Underutilized
Business (HUB) Zone.
vii) Project is eliminating slum or blight in a particular area within the Renewal Community.
viii) Project is appropriately zoned.
ix) Project contributes to the City's Comprehensive Plan, the applicable area development plans for
the target area, Bayfront Plan, City's current CDBG Consolidated Plan, and Project Plan for
Corpus Christi Reinvestment Zone No. 1, which have been adopted by the City of Corpus
Christi, and Texas Department of Economic Development regulations applicable to the Texas
Enterprise Program.
x) The applicant has involved or will involve residents and non-profit groups within the Renewal
Community and/or will seek services provided by any partner of the Renewal Community.
xi) Schedule of construction to date the building is placed in service.
xii) Business has sufficient income to take advantage of accelerated depreciation.
xiii) Project is a public/private partnership be~een City of Corpus Christi and private business.
xiv) Project meets the requirements of the Project Selection Checklist as described in the State
Commercial Revitalization Deduction Allocation Program.
City Council will review the recommendations made by CORA, through the City Manager, and will
consider approval of the applications based on the criteria set above with particular emphasis on IX
above and the project selection criteria included with the State Plan (see Exhibit A) at a City Council
hearing. The general public will be given an opportunity to comment on the applications at the council
hearing.
In any given year, the City Council may choose to make forward allocations of commercial revitalization
deductions available during the Renewal Community Designated period from 2002-2009.
Within 10 working days following the approval of applications by the City Council, the CoRA will submit
to the Commissioner or designee of the Texas Department of Economic Development (TDED) the
following documentation:
i) A certification signed by the City Manager, as the CEO of the City of Corpus Christi, that the
governing body has followed the procedure as indicated in this plan and to the best of his or her
Modified 05/13/03 ATTACHMENT I Page 2
h)
knowledge, each application that has been approved by the City Council is complete and meets the
requirements of the commercial revitalization deduction program.
ii) Copy of each application selected by the governing body to receive the commercial revitalization
deduction (CRD) allocations, public notice for the application process, approved minutes of the
governing body, reasonable explanation for each project being selected or denied and identifies the
criteria set forth above in the explanation.
Within 10 working days following receipt of certification of approved projects from the TDED, the CoRA
will send confirmation to the project contact person of their award or denial for CRD allocations. The
confirmation letter will also set forth their reporting requirements to the City of Corpus Christi. Each
applicant will be required to provide quarterly reports of their progress of the project and commitments
made in their application until the project is placed in service. If the CoRA determines that the project is
not proceeding as indicated in the application or the project is being reduced, the City Council working
with the applicant can cancel or reduce the allocation previously awarded. The City Council will submit a
certification to the TDED stating that the project should be cancelled or reduced and the amount of CRD
allocations that will be available for reallocation.
The CoRA will submit an annual report to the TDED describing the status of each active project in their
jurisdiction receiving CRD allocations. The annual reports will be due March 1 of each calendar year
beginning in 2003 and ending in 2010 and reporting on activity ending December 31 of the previous
year. The report will include:
a. Status of the project being constructed and if available, date project was placed in service.
(Including success stories, press releases, news coverage, etc.)
b. A brief narrative describing the impact of the CRD on the-Renewal Community.
c. Number of direct and indirect jobs created and retained, approximate average salary.
d. Copy of the Renewal Community's annual report to the U.S. Department of Housing and Urban
Development.
Modified 05/13/03 ATTACHMENT I Page 3
Corpus Christi, Texas
I'~ Day of ~L~~-~ ,20~; -~
The above resolution was passed by the following vote:
Samuel L. Neal,
Brent Chesney
Javier D. Colmenero
Melody Cooper
Henry Garrett
Bill Kelly
Rex A. Kinnison
Jesse Noyola
Mark Scott
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