HomeMy WebLinkAbout027457 RES - 10/23/2007Page 1 of 2
RESOLUTION
ADOPTING THE CORPUS CHRISTI COMMERCIAL
REVITALIZATION LOCAL STRATEGIC PLAN
BE 1T 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 F ene gyral Community Commercial Revitalization Deduction Allocation Program.
Theplan is attached to this resolution as Attachment 1. This plan replaces the plan
adopted on December 19, 2006, by Resolution 027092.
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: October 17, 2007.
By:
G_ry W Sm ith
Assistant City Attorney
for City Attorney
CIT CORPUS CHRISTI
enry Gae
Mayor
C27457
Renewal Community Strategic Plan 071023
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Page 2 of 2
Corpus Ch inti, Texas
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The above resolution was passed by the following vote:
Henry Garrett
Melody Cooper
Larry Elizondo, Sr.
Mike Hummel!
Bill Kelly
Priscilla G. Leal
John E. Marez
Nelda Martinez
Michael McCutchon
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Renewal Community Strategic Plan 071023
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City of Corpus Christi
2007-2008 Renewal al C mr unity
Commercial Revitalization Local Strategic Plan
The plan below establishes procedural steps as required by Federal, State and Local
governments, which must be implemented by the Coordinating Responsible Authority
(CORA) for the Corpus Christi Renewal Community.
Outreach Process
Notifying the business community about the opportunities and benefits available through
the Renewal Community unity program is as follows:
1. Public notice inviting applications for Commercial Revitalization Deduction (CRD)
allocations will be published in the Corpus Christi Caller -Times at a minimum f
once a year indicating deadlines for submitting applications. The Public Notice will
provide applicants a minimum r f 30 days notice of the deadline to submit
applications.
2. Two Renewal Community bus tours will be held each year -one in Spring and one in
the Fall.
3. Small Business Development seminars will be held in the Spring and Fall of each
year.
4. Application information will be available by contacting the CoRA at (361) 826-
3850 r via the City of Corpus Christi's web site at:
httplAvww.cctexas.comieconomicdevelopmenti.
Deadline for Application
Project applications will be accepted through June 30th of each year. At that time all
application will be reviewed and selected based upon criteria established by the U.S.
Department of Housing and Urban Development (HUD) and the Governor's Office as well
as local priorities established in this plan.
If CRD Tax Credits are still available, another public notice will be issued no later than the
first week in July of the same year.
Selection Criteria
The CoRA will review applications which must meet the following requirements:
1. 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.
Attrhfnt 1
2. The expenditures of the project meet the statutory requirement of the allowable
Commercial Revitalization expenditures.
3. Request of allocation is less than $10 million.
4. The applicant is in good standing with the Texas Comptroller of Public Accounts and
the Texas Workforce C mmissi n has confirmed that the applicant is current on
unemployment insurance tax.
5. The project will add value to the existing tax base.
6. The project proposes to directly or indirectly create or retain a minimum of ten (10)
permanent full-time jobs in the Renewal Community.
unity.
7. The project adds residential and commercial square footage in the Renewal
Community.
8. The applicant has completed the project or has financing in place to complete the
project.
9. The project contributes to the City's Area Development Plans.
10. The Applicant demonstrates active involvement of residents and nonprofit groups
within the renewal community.
11. The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and
Seed area, CDG eligible area, or HUB Zone.
12. Project is eliminating slum or blight in a particular area within the Renewal
al
Community.
13. Project is appropriately zoned.
14. Project will be completed by the end of the second calendar year in which the
allocation is made.
15. Project is a public/private partnership with the City and/or is a project of the Corpus
Christi Regional Economic Development Corporation (CCREDC).
16. Project provides housing in Census Tract 3.
17. Applicant commits to providing information on actual jobs created and retained as a
result of the proposed project.
Pet Selection Priorities
Projects will be selected for recrnrnendatin to the City Council based upon the
following priorities:
1. The project provides residential units in the Downtown area.
2. The project redevelops a vacant building or lot in the Downtown area.
3. The project provides for significant job creation at wages exceeding $40,000 per
year, per job.
4. The project is located in the Industrial District with significant job creation at wages
exceeding $50,000 per year, per job.
5. Projects may be given consideration if the capital investment exceeds $10 million.
The chart below provides a point value for scoring of projects:
Criteria
Point Value
Residential in Downtown Area
30
Redevelopment in Downtown Area
25 _.
Job Creation at $40,000 + per year, per job
15
Industrial District Job Creation at $50,000 + per year, per job
20
_ Project Investment exceeds $10 million
-__ 10
Recommendation will be submitted to the City Manager and City Council for approval.
Submittal to the Governor's office
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:
1. 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.
2. 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.
3. All CRD approved projects must be submitted to the Governor's Office by
November 1 of each year.
4. The Commercial Revitalization Local Strategic Plan must be submitted to the
Governor's Office in December of each year.
Annual Report I e uiremente
The Renewal al Comr unity 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:
1. Status of all projects currently in process in addition to those already in
service (including success stories, press releases, and any other news
coverage).
2. A brief narrative describing the impact of the CRD on the RC.
3. Number ber of direct and indirect jobs both new and retained and approximate
average salary.
4. Copy of the Renewal Community's annual report to HUD.
City of
Co M
= Chnstz
lr�rtira
City of Corpus Christi
2007-2008 Renewal Community
Commercial Revitalization Local Strategic Plan
The plan below establishes procedural steps as required by Federal, State and Local
governments, which must be implemented by the Coordinating Responsible Authority
(CoRA) for the Corpus Christi Renewal Community.
Outreach Process
Notifying the business community about the opportunities and benefits available through
the Renewal Community program is as follows:
1. Public notice inviting applications for Commercial Revitalization Deduction (CRD)
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.
2. Two Renewal Community bus tours will be held each year -one in Spring and one in
the Fall.
3. Small Business Development seminars will be held in the Spring and Fall of each
year.
4. Application information will be available by contacting the CoRA at (361) 826-
3850 or via the City of Corpus Christi's web site at:
http://www.cctexas.com/economicdevelopment/ .
Deadline for Application
Project applications will be accepted through June 30th of each year. At that time all
application will be reviewed and selected based upon criteria established by the U.S.
Department of Housing and Urban Development (HUD) and the Governor's Office as well
as local priorities established in this plan.
If CRD Tax Credits are still available, another public notice will be issued no later than the
first week in July of the same year.
Selection Criteria
The CoRA will review applications which must meet the following requirements:
1. 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.
Attarhmant 1
2. The expenditures of the project meet the statutory requirement of the allowable
Commercial Revitalization expenditures.
3. Request of allocation is less than $10 million.
4. 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.
5. The project will add value to the existing tax base.
6. The project proposes to directly or indirectly create or retain a minimum of ten (10)
permanent full-time jobs in the Renewal Community.
7. The project adds residential and commercial square footage in the Renewal
Community.
8. The applicant has completed the project or has financing in place to complete the
project.
9. The project contributes to the City's Area Development Plans.
10. The Applicant demonstrates active involvement of residents and nonprofit groups
within the renewal community.
11. The project is located in a Texas Enterprise Zone, Reinvestment Zone, Weed and
Seed area, CDBG eligible area, or HUB Zone.
12. Project is eliminating slum or blight in a particular area within the Renewal
Community.
13. Project is appropriately zoned.
14. Project will be completed by the end of the second calendar year in which the
allocation is made.
15. Project is a public/private partnership with the City and/or is a project of the Corpus
Christi Regional Economic Development Corporation (CCREDC).
16. Project provides housing in Census Tract 3.
17. Applicant commits to providing information on actual jobs created and retained as a
result of the proposed project.
Proiect Selection Priorities
Projects will be selected for recommendation to the City Council based upon the
following priorities:
1. The project provides residential units in the Downtown area.
2. The project redevelops a vacant building or lot in the Downtown area.
3. The project provides for significant job creation at wages exceeding $40,000 per
year, per job.
4. The project is located in the Industrial District with significant job creation at wages
exceeding $50,000 per year, per job.
5. Projects may be given consideration if the capital investment exceeds $10 million.
The chart below provides a point value for scoring of projects:
Criteria
Point Value
Residential in Downtown Area
30
Redevelopment in Downtown Area
25
Job Creation at $40,000 + per year, per job
15
Industrial District Job Creation at $50,000 + per year, per job
20
Project Investment exceeds $10 million
10
Recommendation will be submitted to the City Manager and City Council for approval.
Submittal to the Governor's Office
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:
1. 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.
2. 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.
3. All CRD approved projects must be submitted to the Governor's Office by
November 1 of each year. •
4. The Commercial Revitalization Local Strategic Plan must be submitted to the
Governor's Office in December of each year.
Annual Report Requirements
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:
1. Status of all projects currently in process in addition to those already in
service (including success stories, press releases, and any other news
coverage).
2. A brief narrative describing the impact of the CRD on the RC.
3. Number of direct and indirect jobs both new and retained and approximate
average salary.
4. Copy of the Renewal Community's annual report to HUD.