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HomeMy WebLinkAbout027092 RES - 12/19/2006RESOLUTION 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 December 22, 2005 by Resolution 026588. 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. Armando Chapa City Secretary APPROVED: December 13, 2006. By writ, Gary W. Smith Assistant City Attorney for City Attorney Renewal Community Strategic Plan 061219 CITY • CORPUS CHRISTI .►w fi.L.L, / L.. "Al H-nry Gar' -tt Mayor 02709? Corpus Christi, Texas 2006 The above resolution was passed by the following vote: Henry Garrett Brent Chesney John E. Marez Melody Cooper Jerry Garcia Bill Kelly Rex A. Kinnison Jesse Noyola Mark Scott Renewal Community Strategic Plan 061219 (127n92 Attachment 1 'r'tirAorarrt City of Corpus Christi 2006 -2007 Renewal Community Christi I Commercial Revitalization Local Strategic Plan 1 The Coordinating Responsible Authority (CoRA) for the Corpus Christi Renewal Community will submit contact information to the Office of the Governor 21 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 at a minimum of once a year indicating deadlines for submitting applications. The Public Notice will provide applicants a minimum of 30 days notice of the deadline to submit applications. b. Two Renewal Community bus tours will be held each year -one in Spring and one in the Fall. c. Small Business Development seminars will be held in the Spring and Fall of each year d. Application information will be available by contacting the CoRA and via the City of Corpus Christi's web site, or by contacting the Renewal Community consultant, Mannti Cummins @ mannti@cummins- cpa.com e. Applications will be reviewed for completion and considered only if: The building and its structural components will be replaced 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 of the allowable Commercial Revitalization expenditures. ii. Request of allocation is less than $10 million. 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 3) Project applications will be accepted through July 31 of each year. At that time all applications will be reviewed and selected based upon priorities established in this plan 4) The CoRA will review the completed applications meeting the requirements in Section E of this plan and make recommendations through the City Manager, as the CEO of the governing body, to the City Council based on the following criteria: a The project will add value to the existing tax base. b. The project proposes to directly or indirectly create or retain a minimum of ten (10) permanent full -time jobs in the Renewal Community. c. The project adds residential and commercial square footage in the Renewal Community d. The applicant has completed the project or has financing in place to complete the project. e. The project contributes to the City's Area Development Plans. f The Applicant demonstrates active involvement of residents and nonprofit groups within the renewal community. g. The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and Seed area, CDBG eligible area, or HUB Zone. h. Project is eliminating slum or blight in a particular area within the Renewal Community Project is appropriately zoned. Project will be completed by the end of the second calendar year in which the allocation is made. k. Project is a public /private partnership with the City and/or is a project of the Corpus Christi Regional Economic Development Corporation (CCREDC). I Project provides housing in Census Tract 3. m. Applicant commits to providing information on actual jobs created and retained as a result of the proposed project. 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 the City Council meeting. If CRD Tax Credits are still available, another public notice will be issued no later than the first week in September of the same year. 5) 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: a. A certification signed by the City Manager as the CEO of the governing body that the governing body has followed the procedures as indicated in this plan and to the best of his or her knowledge, each application approved by the City Council is complete and meets the requirements of the Commercial Revitalization Deduction (CRD) Program. b Copy of each application nominated by the City Council to receive the CRD allocations, public notice for the application process, governing 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. 6) The Renewal Community CoRA will submit an annual report to the Community Renewal Agency (CRA) describing the status of each active project in its 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 the following information: a. Status of all projects currently in process in addition to those already in service (including success stories, press releases, and any other news coverage). b A brief narrative describing the impact of the CRD on the RC. c. Number of direct and indirect jobs both new and retained and approximate average salary. d. Copy of the Renewal Community's annual report to the U.S. Department of Housing and Urban Development.