HomeMy WebLinkAboutC2016-538 - 11/18/2016 - NA DOWNTOWN DEVELOPMENT REIMBURSEMENT AGREEMENT
This Downtown Development Reimbursement Agreement (the "Agreement") is entered into between
the City of Corpus Christi, Texas (the "City"), as the agent of the Corpus Christi Tax Increment
Reinvestment Zone#3 ("TIRZ#3"),and Shoreline Hospitality, LP (the"Developer").
Recitals
WHEREAS on December 16, 2008, the City Council of the City (the "City Council") approved Ordinance
027996, which established the TIRZ #3 in accordance with Texas Tax Code Chapter 311. TIRZ #3
promotes economic development and stimulates business and commercial activity in its downtown
Corpus Christi area (the"Zone");
WHEREAS on August 25, 2015, the City Council approved a Project and Financing Plan (the "Plan") for
TIRZ#3;
WHEREAS the Board of Directors of TIRZ#3 (the"Board") includes members of the City Council in a non-
public-official capacity, as well as a representative from each Nueces County and Del Mar College, who
have committed to contribute to TIRZ#3 through Interlocal Agreements created in 2009 and amended
in 2012 and 2016;
WHEREAS the Corpus Christi Downtown Management District ("DMD") assists the City with
administration of TIRZ #3, recommends projects and recommends a DMD representative to be
appointed to the Board through an Interlocal Agreement;
WHEREAS on November 10, 2015, the City Council approved Ordinance 030680, which amended
Ordinance 027996 and authorized the Board to approve agreements in this form, to be entered into by
the City, as the Board considers necessary or convenient to implement the Plan and achieve its purpose;
WHEREAS the Plan contained certain programs designed to improve conditions and increase commerce
within the Zone;
WHEREAS the Developer has proposed a development plan (the "Development") for the certain
improvements listed on attached Exhibit A (each, an "Improvement" and, collectively, the
"Improvements"). The Improvements are planned to be constructed on the property located at 311 5.
Shoreline Blvd., with such property being more fully described on attached Exhibit B (the "Property").
The Property is located within the Zone, and the Improvements fall within one of the programs
approved in the Plan;
WHEREAS the Development concept has been refined through cooperation between the Developer,the
City and the DMD to meet the desired goals of revitalization within the Zone and serve a public benefit;
WHEREAS any reference to "City" or "City Staff," is entirely in agency capacity for TIRZ #3, and further
the City as a home-rule municipal corporation is not a party to this agreement;and
WHEREAS the Developer desires to be reimbursed for certain future costs incurred pursuant to the
Development, and TIRZ #3 desires to reimburse the Developer for these costs in accordance with this
Agreement;
2016-538 1
11/18/16
Shoreline Hospitality LP
INDEXED
Agreement
Now therefore,in consideration of the mutual covenants and obligations,the parties agree as follows:
Section 1. Reimbursement Obligations.
The City shall reimburse the Developer from available TIRZ #3 funds in an amount up to the estimated
project cost listed next to each Improvement in attached Exhibit C (the "Estimated Project Costs"),
except that (a)the total amount of all such reimbursements for the Development may not exceed
$940,000 and (b) if the Developer actually incurs a cost for an Improvement less than that
Improvement's Estimated Project Cost, the City shall reimburse the Developer for only the amount of
the cost that the Developer actually incurred for that Improvement. Based on qualifications of the
Development,the Program reimbursement structure is as follows:
(a) Project Specific Development Agreement:
(1) Beginning the year after the Developer receives a Certificate of Occupancy ("C of 0")for the
Improvements from the City's Development Services Department, the City shall reimburse
annually 75% of the property taxes paid on the Improvements to the participating taxing
entities in TIRZ #3, up to a total cap of $940,000, for a maximum of ten (10) years. In the
event that reimbursement of 75% of the property taxes paid on the Improvements in a
given year will cause the total reimbursement to exceed $940,000, only the amount needed
to reach the reimbursement of$940,000 will be reimbursed.
(2) Each such payment shall be made no later than 30 days following the Developer's submittal
of a valid Request for Reimbursement.
(3) After City has paid to Developer an amount equal to all of the Project Costs up to the
maximum amount of$940,000, City shall have no further obligation to pay any amount to
Developer.
(4) No interest shall accrue on any amount of unreimbursed Project Costs, and City shall not be
obligated to pay Developer any interest whatsoever under this Agreement.
Section 2. Closing Statement Required.
Within 30 days of closing, and prior to beginning any work, the Developer shall provide to the
appropriate City Staff a certified closing or settlement statement (such as a HUD-1)for the mortgage or
loan used to finance the Development.
(a) The City shall maintain the confidentiality of this information to the fullest extent possible under the
law.The City and TIRZ#3 are governmental entities subject to the Texas Public Information Act (the
"Act"). In the event that the City or TIRZ#3 determines that this information is responsive to a valid
request under the Act, the City shall timely request an opinion from the Office of the Attorney
General of Texas (the "Attorney General") and argue that the information is confidential and not
subject to release under the Act. The City shall timely notify the Developer of any such request and
provide the Developer with the opportunity to make arguments to the Attorney General regarding
the confidentiality of the information.
(b) In the event the loan is less than what had been stated in the application, and as a result the equity
requirement shown in the closing statement is lower than the Cap listed in Section 1 of this
Agreement, the Cap shall be automatically reduced so that the total amount of TIRZ #3
Reimbursement does not exceed the equity provided by the Developer.
2
Section 3. Conditions for Reimbursement.
The City shall reimburse Developer in accordance with Section 1 only if the following conditions are
fulfilled:
(a) The Developer constructs all of the Improvements on the Property on or before December 31, 2018
(the"Completion Date") in accordance with Exhibit A and the City's building codes and policies.
(b) The City's Development Services Department issues a C of 0 for the Improvements.
(c) Within 60 days of the issuance of C of 0, the Developer submits a Request for Reimbursement for
actual Project Costs, in the form contained in Exhibit D, including:
(i.) CofO;
(ii.) specific improvements completed under the Project and the amount of money that
Developer paid for completion of such work and that Developer claims as actual Project
Costs;
(iii.) supporting documents demonstrating that such amounts were actually paid by Developer,
including but not limited to invoices, receipts and final lien waivers signed by the general
contractor;
(d) Appropriate City Staff has inspected the Improvements and certifies that the Improvements are
complete,acceptable,and comport to the terms of this Agreement.
(e) Upon acceptance by City Staff, Request for Reimbursement form is reviewed and approved by the
Board.
(f) If the Developer fails to pay the required taxes on the property or files an appeal to the Nueces
County Appraisal District or any state or federal court of the assessed value of Property for ad
valorem tax purposes, the City and TIRZ #3 shall be under no obligation to make any payments
under this agreement until such time as the appeal is resolved and all taxes are paid in full. Any late
fees,fines, or interest assessed as a result of the failure to pay taxes or the appeal process shall not
be reimbursed to the Developer under this agreement. Reimbursement is limited to the actual
amount of property tax paid on the Improvements.
Section 4. Audit
Developer will also make available for inspection by designated City Staff all financial and business
records of Developer that relate to the Project, in order to assist City Staff in verifying the Developer's
compliance with the terms and conditions of this Agreement. TIRZ#3 shall have the right to have these
records audited.
Section 5. Maintenance of Improvements.
If the Developer constructs the Improvements, the Developer shall maintain the Improvements,
premises, and adjacent public right of way in good condition and so as to not contribute to blight in the
Zone. The Developer's obligation to maintain the Improvements and public right of way adjacent to the
Property, includes without limitation, maintaining the landscaping, sidewalks, aesthetics, and general
cleanliness of the premises.
Section 6. Termination.
3
Unless sooner terminated in accordance with this Section,this Agreement shall survive the expiration of
TIRZ #3. If the Developer has not fully complied with Section 2 Conditions for Reimbursement by the
Completion Date, this Agreement shall terminate immediately, unless mutually agreed to in writing in
accordance with Section 16.
Section 7. Warranties.
Developer warrants and represents to City the following:
(a) Developer, if a corporation or partnership, is duly organized, validly existing, and in good standing
under the laws of the State of Texas, and further has all corporate power and authority to carry on
its business as presently conducted in Corpus Christi,Texas.
(b) Developer has the authority to enter into and perform, and will perform, the terms of this
Agreement.
(c) Developer has timely filed and will timely file all local, State, and Federal tax reports and returns
required by law to be filed, and has timely paid and will timely pay all assessments,fees, and other
governmental charges, including applicable ad valorem taxes,during the term of this Agreement.
(d) If an audit determines that the request for funds was defective under the law or the terms of this
Agreement, Developer agrees to reimburse the City for the sums of money not authorized by law or
this Agreement within 30 days of written notice from the City requesting reimbursement.
(e) The parties executing this Agreement on behalf of Developer are duly authorized to execute this
Agreement on behalf of Developer.
(f) Developer does not and agrees that it will not knowingly employ an undocumented worker. If, after
receiving payments under this Agreement, Developer is convicted of a violation under 8 U.S.C.
Section 1324a(f), Developer shall repay the payments at the rate and according to the terms as
specified by City Ordinance, as amended, not later than the 120th day after the date Developer has
been notified of the violation.
Section 8. Force Majeure.
If the City or Developer are prevented, wholly or in part, from fulfilling its obligations under this
Agreement by reason of any act of God, unavoidable accident, acts of enemies, fires, floods,
governmental restraint or regulation, other causes of force majeure, or by reason of circumstances
beyond its control, then the obligations of the City or Developer are temporarily suspended during
continuation of the force majeure. If either party's obligation is affected by any of the causes of force
majeure,the party affected shall promptly notify the other party in writing, giving full particulars of the
force majeure as soon as possible after the occurrence of the cause or causes relied upon.
Section 9. Assignment.
Developer may not assign all or any part of its rights, privileges, or duties under this Agreement without
the prior written approval of the Board. Any attempted assignment without such approval is void, and
constitutes a breach of this Agreement. Assignment can only be requested for multi-year
reimbursements,after completion of obligations by Developer.
Section 10. Indemnity.
4
Developer covenants to fully indemnify,save, and hold harmless the TIRZ#3, the City, their respective
officers, employees, and agents ("Indemnitees") against all liability, damage, loss, claims, demands,
and actions of any kind on account of personal injuries (including, without limiting the foregoing,
workers'compensation and death claims), or property loss or damage of any kind, which arise out of
or are in any manner connected with, or are claimed to arise out of or be in any manner connected
with Developer activities conducted under or incidental to this Agreement, including any injury,loss or
damage caused by the sole or contributory negligence of any or all of the Indemnitees. Developer
must, at its own expense, investigate all those claims and demands, attend to their settlement or
other disposition, defend all actions based on those claims and demands with counsel satisfactory to
Indemnitees,and pay all charges of attorneys and all other cost and expenses of any kind arising from
the liability,damage,loss,claims,demands,or actions.
Section 11. Events of Default.
The following events constitute a default of this Agreement:
(a) Failure of Developer to timely, fully, and completely comply with any one or more of the
requirements,obligations,duties,terms,conditions,or warranties of this Agreement.
(b) TIRZ #3, the Board or City Staff determines that any representation or warranty on behalf of
Developer contained in this Agreement or in any financial statement, certificate, report, or opinion
submitted to the TIRZ #3 in connection with this Agreement was incorrect or misleading in any
material respect when made.
(c) Developer makes an assignment for the benefit of creditors.
(d) Developer files a petition in bankruptcy,or is adjudicated insolvent or bankrupt.
Section 12. Notice of Default.
Should the City determine that Developer is in default according to the terms of this Agreement,the City
shall notify Developer in writing of the event of default and provide 60 days from the date of the notice
("Cure Period") for Developer to cure the event of default. Such Cure Period may be extended, by
agreement of the City and the Developer, if the event of default requires a longer period to cure and
Developer is diligently proceeding with such cure.
Section 13. Results of Uncured Default.
After exhausting good faith attempts to address any default during the cure Period, and taking into
account any extenuating circumstances that might have occurred through no fault of Developer, as
determined by the City, the following actions must be taken for any default that remains uncured after
the Cure Period.
(a) Developer shall immediately repay all funds paid from TIRZ#3 funds under this Agreement.
(b) Developer shall pay reasonable attorney fees and costs of court.
(c) The City and TIRZ#3 shall have no further obligations to Developer under this Agreement.
(d) Neither the City nor the TIRZ#3 may be held liable for any consequential damages.
(e) The City may pursue all remedies available under law.
Section 14. No Waiver.
5
(a) No waiver of any covenant or condition, or the breach of any covenant or condition of this
Agreement, constitutes a waiver of any subsequent breach of the covenant or condition of the
Agreement.
(b) No waiver of any covenant or condition, or the breach of any covenant or condition of this
Agreement, justifies or authorizes the nonobservance on any other occasion of the covenant or
condition or any other covenant or condition of this Agreement.
(c) Any waiver or indulgence of Developer's default may not be considered an estoppel against the City
or TIRZ#3.
(d) It is expressly understood that if at any time Developer is in default in any of its conditions or
covenants of this Agreement, the failure on the part of the City to promptly avail itself of the rights
and remedies that the City may have,will not be considered a waiver on the part of the City, but City
may at any time avail itself of the rights or remedies or elect to terminate this Agreement on
account of the default.
Section 15. Available Funds.
Developer specifically agrees that City and the TIRZ #3 shall only be liable to Developer for the actual
amount of the money due Developer under this Agreement from TIRZ#3 funds, and shall not be liable
to Developer for any actual or consequential damages, direct or indirect, interest, attorney fees,or cost
of court for any act of default by City or the TIRZ#3 under the terms of this Agreement. Payment by City
is strictly limited to the total amount of increment funds for TIRZ #3. City shall use its best efforts to
anticipate economic conditions and to budget accordingly. However, it is further understood and
agreed that, should the actual tax increment funds be less than the total amount paid to all contracting
parties at the time, then in that event, all contracting parties shall receive only their pro rata share of
the available increment funds for that year, as compared to each contracting parties' grant amount for
that year, and City and the TIRZ#3 shall not be liable to for any deficiency at that time or at any time in
the future. In this event, City will provide all supporting documentation, as requested. Reimbursements
paid to Developer shall require a written request from Developer accompanied by all necessary
supporting documentation,as outlined in Section 2.
Section 16. Notices.
Any required written notices shall be sent by certified mail, postage prepaid,addressed as follows:
Developer:
Shoreline Hospitality, LP
Attn: Ajit David
3805 Castle Ridge
Corpus Christi,TX 78410
City and TIRZ#3:
City of Corpus Christi
Attn.: City Manager's Office
Tax Increment Reinvestment Zone#3
P.O. Box 9277
Corpus Christi,Texas 78469-9277
6
Notice is effective upon deposit in the United States mail in the manner provided above.
Section 17. Amendments or Modifications.
No amendments or modifications to this Agreement may be made, nor any provision waived, unless in
writing signed by a person duly authorized to sign agreements on behalf of each party.
Section 18. Captions.
The captions in this Agreement are for convenience only and are not a part of this Agreement. The
captions do not in any way limit or amplify the terms and provisions of this Agreement.
Section 19. Severability.
If for any reason, any section, paragraph, subdivision, clause, provision, phrase or word of this
Agreement or the application of this Agreement to any person or circumstance is, to any extent, held
illegal, invalid, or unenforceable under present or future law or by a final judgment of a court of
competent jurisdiction, then the remainder of this Agreement, or the application of the term or
provision to persons or circumstances other than those as to which it is held illegal, invalid, or
unenforceable, will not be affected by the law or judgment, for it is the definite intent of the parties to
this Agreement that every section, paragraph, subdivision, clause, provision, phrase, or word of this
Agreement be given full force and effect for its purpose.
To the extent that any clause or provision is held illegal, invalid, or unenforceable under present or
future law effective during the term of this Agreement, then the remainder of this Agreement is not
affected by the law, and in lieu of any illegal, invalid, or unenforceable clause or provision, a clause or
provision, as similar in terms to the illegal, invalid, or unenforceable clause or provision as may be
possible and be legal,valid,and enforceable,will be added to this Agreement automatically.
Section 20. Venue.
Venue for any legal action related to this Agreement is in Nueces County,Texas.
Section 21. Sole Agreement.
This Agreement constitutes the sole agreement between City and Developer. Any prior agreements,
promises, negotiations, or representations,verbal or otherwise, not expressly stated in this Agreement,
are of no force and effect.
7
APPROVED AS TO FORM: 1S- day of Nc lae....- , 2016.
Oft Oaesw,
lexeei
Assistant City Attorney
For City Attorney
City of Corpus Christi on behalf of Tax Increment Reinvestment Zone#3
By: 4114,011“) elegtag-}
Margie C. Rose
City Manager
Date: 11i 1s)He
Attest:
.—T-1 I R2 t+u,ttUrkke.�
By: '.--Wel-e.-66e,44(.A-C-"ictA SY COUNCIL......
Rebecca Huerta
City Secretary �
SECRETAR (-
Developer
Shoreline Hospitality, LP
By: Shoreline Hospitality GP, Inc.
Its General Partner
By: ArT, 4
President/Chief Executive Officer
Date: it
8
Exhibit A—Project Description
Exhibit B—Property Description
Exhibit C—Estimated Project Costs
Exhibit D—TIRZ#3 Reimbursement Request Form
9
Exhibit A— Project Description
The proposed Marriott Residence Inn Hotel will be a 5-story, 101-room all suite waterfront hotel,
directly across the Bayshore Park.The hotel will be constructed out of steel &concrete,to increase
longevity of the structure.All aspects of the hotel (interior&exterior)will be custom designed to
include a fresh contemporary decor.The hotel will include a full-service bar and extended F&B options.
The exterior will include pedestrian walkability features, including a structured trellis and shade trees
along Shoreline Boulevard, and shade trees along Water Street.The parking lot will have stone pavers
that identify the connectivity to walkways. Pedestrian pathways will clearly lead guests from the building
to sidewalks. Additional aesthetic improvements include a roof-top deck and a glass or similar modern
canopy entrance.
,,`, 17,77;_.,"11,1P1,1
Mi V i w
a
r
i . - '1/4 , a ,, 1 1 'Ili 4 i iii
• +telii
I ;� • I
` R
. i -
, --7.,..„b Llt)
fi
-, ,,
,,,..„..„......„,„ ., .
41.3V:.
10
Exhibit B—Property Description
[See Attached Exhibit B-1]
11
EXHIBIT B-1
TRACT I:
Fieldnotes for a 0.669 acre tract of land, being a portion of an unrecorded Lot 1,Block 3,South
Water Beach, conveyed by Texas Television, Inc., as shown in Warranty Deed recorded in
Document No. 980993,Official Public Records of Nueces County, Texas; a portion of Share 7,
Tract B,W.S.Harney Tract, a map of which is recorded in Volume 4,Page 34,Map Records of
Nueces County, Texas; and that certain portion of lands reclaimed by the Bay Front Protection
Work, a map of which is recorded in Volume 9,Pages 38-41,Map Records of Nueces County,
Texas,said tract being more fully described by metes and bounds as follows:
Beginning at a point (no monumentation found or set) on the west boundary of Shoreline
Boulevard,a public roadway, for the northeast corner of Lot 11,Jones Shoreline Business Lots,
a map of which is recorded in Volume 14, Page 35, Map Records of Nueces County, Texas,
same being the southeast corner of this tract;
Thence South 84°17'20" West, along the Borth boundary of said Lot 11,same being the south
boundary of this tract, a distance of 208.76 feet (no monumentation found or set) to the east
boundary of South Water Street, a public roadway, and for the northeast corner of said Lot 11
and of this tract;
Thence North 10°56'40" East, along the east boundary of said South Water Street, same being
the west boundary of this tract, a distance of 81.35 feet (record = 71.30 feet) no
monumentation found or set) for a corner of this tract, from which a found drill hole bears
North 50°10'41"East,a distance of 0.43 feet for a corner of this tract;
Thence North 16°19'20" East, continuing along the east boundary of said South Water Street,
a distance of 83.13 feet to a 5/8 inch iron rod with red plastic cap stamped "Urban Engr. C.C.
TX" for the southwest corner of Lot 2,Block 3,South Water Beach,as recorded in Document
No.2002050177, Official Public Records of Nueces County, Texas, same being the northwest
corner of Lot 1, Block 3, South Water Beach, as recorded in Document No. 980993, Deed
Records of Nueces County, Texas; and for the northwest corner of this tract;
Thence South 73°43'05" East, along the south boundary of said Lot 2,Block 3,same being
the north boundary of said Lot 1, Block 3, same being the north boundary of this tract, a
distance of 100.31 feet to a 5/8 inch iron rod with red plastic cap stamped "Urban Engr.C.C.
TX" set for the southeast corner of said Lot 2,Block 3,same being a corner of said Lot 1,
Block 3 and for a corner of this tract;
Thence North 16°14'08" East, along east boundary of said Lot 2,Block 3,same being the
north boundary of said Lot 1, Block 3, same being the north boundary of this tract, a
distance of 25.01 feet (no monumentation found or set) for the southwest corner of Lot 2,
Block 3,South Water Beach, as recorded in Volume 255,Page 203,Deed Records of Nueces
County, Texas,same being a corner of said Lot 1,Block 3 and for a corner of this tract;
Thence North 89°17'05"East, along the south boundary of said Lot 2,Block 3,same being
the north boundary of said Lot 1,Block 3,and the north boundary of this tract, a distance of
104.97 feet to a 5/8 inch iron rod with red plastic cap stamped "Urban Engr. C.C.TX" set on
the west boundary of said Shoreline Boulevard,and for the southeast corner of said Lot 2,
Block 3,same being the northeast corner of said Lot 1,Block 3 and for the northeast corner
of this tract;
Page 1 of 2
Thence South 16°19'20" West, along the west boundary of said Shoreline Boulevard,same
being the east boundary of this tract, a distance of 136.33 feet to a 5/8 inch iron rod found
for a corner of this tract;
Thence South 10°56'40" West, along the west boundary of said Shoreline Boulevard,same
being the east boundary of this tract, a distance of 5.340 feet to the Point of Beginning and
containing 0.669 acres (29149.63 square feet) of land.
Bearings based on the recorded plat of Jones Shoreline Business Lots, a map of which is
recorded in Volume 14,Page 35,Map Records of Nueces County, Texas.
TRACT II:
Fieldnotes for a 1.282 acre tract of land, being all of Lots 1 through 11, Jones Shoreline
Business Lots, a map or which is recorded in Volume 14, Page 35,Map Records of Nueces
County, Texas,said tract being more fully described by and metes and bound as follows:
Beginning at a 5/8 inch iron rod found at the intersection of the west boundary of Shoreline
Boulevard,a public roadway, and the north boundary of Born Street, a public roadway, for the
southeast corner of said Lot 1,Jones Shoreline Business Lots, and for the southeast corner of
this tract;
Thence, South 84°34'30" West, along the north boundary of said Born Street, same being the
south boundary of said Lot 1 and of this tract, a distance of 208.45 feet (no monumentation
found or set) to the east boundary of South Water Street, a public roadway, and for the
southwest corner of said Lot 1 and of this tract, from which a found drill hole bears North
87°11'45"West,a distance of 0.94 feet;
Thence, North 10°56'40" East, along the east boundary of said South Water Street, same
being the west boundary of said Jones Shoreline Business Lots, same being the west
boundary of this tract, a distance. of 278.61 feet for the northwest corner of said Lot 11 and
of this tract;
Thence, North 84°17'20" East, along the north boundary of said Lot 11, same being the north
boundary of this tract, a distance of 208.76 feet (no monumentation found or set) to a point
on the west boundary of said Shoreline Boulevard,same being the northeast corner of said
Lot 11 and of this
tract;
Thence, South 10°56'40" West, along the west boundary of said Shoreline Boulevard, same
being the east boundary of said Jones Shoreline Business Lots, same being the east boundary
of this tract, a distance of 279.69 feet to the POINT OF BEGINNING and containing 1.282 acres
(55,831.07 square feet)of land.
Bearings based on the recorded plat of Jones Shoreline Business Lots, a map of which is
recorded in Volume 14,Page 35,Map Records of Nueces County, Texas.
Page 2 of 2
Exhibit C—Project Costs
Improvement Estimated Cost Qualifying Category
1)Steel&Concrete Structure $4,000,000.00 Code Compliance& Urban
Design/Landscaping
2)Trees $90,000.00 Urban Design/Landscaping
3)Trellis $75,000.00 Urban Design/Landscaping
4) Pavers $175,000.00 Urban Design/Landscaping
4) Entrance Canopy $157,000.00 Urban Design/Landscaping
5) Roof-Top Amenity $90,000.00 Urban Design/Landscaping
Total Possible Reimbursement: $4,587,000.00
*Total Possible Reimbursement identifies the Project Costs that make the Development eligible under
the Incentive Guidelines.The Actual Reimbursement is identified in Section 1 of the Agreement.
12
Exhibit D—Request for Reimbursement Form
cty cf Corpus Ctriati—City Manager's Office
Corps Chrsti Downtown Management District
Tax Increment Reinvestment Zone #3
Request for Reimbursement
• Project Name:
Grant Program:
Type of Reimbursement: EiOne Time nRe-Occumng:First Payment)
Requestor: Date Requested:
improvement Estfrnated Coed Actual Cost I Woke
frerilgraseneatEatibi. LC} perAttadiredikaaareitatioN) Reference
5) --r-
-rum
Attached is the Following.
1) Executed TIRZ 4'3 Reimbursement Agreement 111
2) Certificate of Occupancy Date: El
3) Documentation of Expenses El
Signatures for Submittal:
Authorized Developer: Date:
Authorized General contractor: Date:
An inconciete Requestfre Reimbursement nog not be processed Submit bard copy and combined PDF
version to Ayssoteccrexas.corn.Upon receipt of Request final inspecthin will be schedrried
Signatures for Approval Process
Request Recd By City: Date:
Documentation Complete: Inspection of Project:
Notes:
Reimbursement Approved by TIRZ#3 Board: Date:
Tay:.irorsi-ent ,i,yer.TnericzDne 3Request fc eirri ...rseme-t
Up:sited October 23t5
13