HomeMy WebLinkAbout026040 RES - 11/16/2004
RESOLUTION
ADOPTING THE CORPUS CHRISTI COMMERCIAL
REVITALIZATION LOCAL STRATEGIC PLAN
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS:
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 plan is attached to this resolution as Attachment 1. This plan replaces the plan
adopted on May 13, 2003 by Resolution 025343.
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.
ATTES~
Armando Chapa
City Secretary
APPROVED: November 11, 2004.
By: I~rr- P6-'~ -tLI
Lisa Aguilar L
Assistant City Attorney
for City Attorney
~:~~STl
<"""Samuel L. eal, Jr.
Mayor
Nov 162004 Renewal Community Local Strategic Plan.doc
1126040
Corpus Christi, Texas
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The above resolution was passed by the following vote:
Samuel L. Neal, Jr. ~A
Brent Chesney ~
Javier D. Colmenero ~
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Melody Cooper (~
Henry Garrett a.r
Bill Kelly c~
Rex A. Kinnison ~
Jesse Noyola ~~
Mark Scott C~
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City of CorpUS Christi
2004-2009 Renewal Community
Commercial Revitalization Local Strategic Plan
1) The Coordinating Responsible Authority (CoRA) for the Corpus Christi Renewal Community will submn
contact information to the Office of the Governor
2) The process for receiving applications is as follows:
a) Public notice invning applications for commercial revnalization allocations will be published in the
Corpus Christi Caller-Times at a minimum of once a year indicating deadlines for submitting applications
for consideration for Round 1 and Round 2. The Public notice will provide applicants a minimum of 30
days notice of the deadlines to submit applications.
b) Annual Allocation of $t2 million of Commercial Revnalization Deductions to projects:
i) Round 1
(1) Small Projects - $4 million of the annual Commercial Revitalization Deduction allocations will be
set aside for projects whose total expenditures for renovation or new construction are less than
$1 million.
(2) Large Projects, $8 million of the annual Commercial Revitalization Deduction allocation will be
set aside for projects whose total expenditures for renovation or new construction are $1 million
or more.
ii) Round 2
(1) Commercial Revnalization Deductions unallocated during round one will be pooled and
allocated to either small or large projects.
c) Application information will be available by contacting the CoRA and via the City of Corpus Christi's web
site.
d) Applications will be reviewed for completion and 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 Q[ 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.
ili) Request of allocation is less than $ t 0 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.
Modified 11/11/04
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e) The CoRA will review the completed applications meeting the requirements in Section D of this plan and
make recommendations through the City Manager, as the CEO of the goveming body, to the City
Council based on the following criteria:
i) The project will add value to the existing tax base.
ii) The project proposes to directly or indirectly create or retain permanent full-time jobs in the
Renewal Community.
iii) The project adds residential and commercial square footage in the Renewal Community.
iv) The applicant has completed the project or has financing in place to complete the project.
v) The project contributes to the City's Area Development Plans.
vi) The Applicant demonstrates active involvement of residents and nonprofit groups within the
renewal community.
vii) The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and Seed Area,
CDBG eligible area, or HUB Zone.
viii) Project is eliminating slum or blight in a particular area within the Renewal Community.
ix) Project is appropriately zoned.
x) Project will be completed by the end of the second calendar year in which the allocation is
made.
xi) Applicant has sufficient income to take advantage of accelerated depreciation.
xii) Project is a publiclprivate partnership between City of Corpus Christi and private business.
xiii) Applicant commits to providing information on actual jobs created and retained as a result of
the proposed project
f) 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 at a city council meeting.
g) Within 10 working days following the approval of applications by the City Council, the CoRA will submit
to the Office of the Governor the following documentation:
i) A certification signed by the City Manager as the CEO of the goveming body that the goveming
body has followed the procedure as indicated in this plan and to the best of his or her knowledge,
each application approved by City Council is complete and meets the requirements of the
commercial revitalization deduction program.
ii) Copy of each application nominated by the City Council to receive the CRD allocations, public
notice for the application process, goveming body's motion nominating the project, reasonable
explanation for each project being selected or denied and identifies the criteria set forth above in the
explanation.
h) The RC CoRA will submit Attachment A - Annual Report to the TDED for each active project in their
jurisdiction receiving CRD allocations. The annual reports will be due December 31 of each calendar
year beginning in 2005 and ending in 2011 or until allocated projects are completed and eligible to claim
the Commercial Revitalization Deduction.
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