HomeMy WebLinkAbout032800 ORD - 06/28/2022One -Reading Ordinance authorizing the levy of an assessment at the
rate of 2% of taxable room -nights sold at qualifying hotels located
within the Corpus Christi Tourism Public Improvement District (the
"District"); setting the method of payment for the assessment;
approving the Service Plan for the District; authorizing an agreement
between the City, the Corpus Christi Area Convention and Visitors'
Bureau, and the Corpus Christi Tourism Public Improvement District
Corporation regarding the management of the District; appropriating
$750,000.00 in revenue for FY 2022 from the District; and amending
the operating budget.
WHEREAS, Chapter 372, as amended, Texas Local Government Code (the Act)
authorizes the creation of public improvement districts and the levy of assessments
against property within the district to pay the costs of public improvement projects that
confer a special benefit on property within such district; and
WHEREAS, Section 372.0035 authorizes the creation of public improvement
districts common characteristic or use for project in municipalities, specifically authorizing
the creation of a tourism public improvement district made up of one or more hotels within
the City limits; and
WHEREAS, the City received a petition for the creation of the Corpus Christi
Tourism Public Improvement District (the "District") from the owners of several hotels
within the City on May 18, 2022 ("the Petition"); and
WHEREAS, the Petition, has been examined, verified, and found to meet the
requirements of Section 372.005(b-1) of the Act and City Council approved the creation
of the District by resolution on June 28, 2022; and
WHEREAS, the Petition included a Service Plan that calls for an assessment at
the rate of 2% of taxable room -nights sold at qualifying hotels located within the District;
and
WHEREAS, the City Council finds that it is in the best interests of the residents of
the City of Corpus Christi to adopt the proposed Service Plan with some minor changes
as required to comply with the State law and to update the anticipated revenue numbers;
and
WHEREAS, the District will by managed by the Corpus Christi Tourism Public
Improvement District Corporation ("CCTPIDC") in conjunction with the Corpus Christi
Area Convention and Visitors' Bureau ("VCC") in accordance with an agreement between
the City, VCC, and CCTPIDC; and
and
WHEREAS, it is contemplated that no bond funding will be used for the District;
032 800
SCANNED
WHEREAS, after providing the notices required by Section 372.016 of the Act, the
City Council, on June 28, 2022, conducted a public hearing on the assessment to be
levied as a special assessment within the District; and
WHEREAS, after all persons having an interest in the creation of the District were
given the opportunity to be heard, the City Council closed the public hearing; and
WHEREAS, the City Council has determined that the approval of this Resolution
is in the best interest of the City and its residents; NOW THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF CORPUS CHRISTI,
TEXAS:
SECTION 1. The City Council finds that the statements set forth in the recitals of this
Ordinance are true and correct, and the Council incorporates such recitals as a part of
this Ordinance.
SECTION 2. A special assessment rate of 2% of the gross hotel room night revenue of
hotels with 40 or more rooms ordinarily used for sleeping within the District is levied to
fund improvements and services in the District. The assessment shall begin August 1,
2022. The gross hotel room night revenue will be self -reported by hotels within the District
and remitted on a monthly basis in the same method used to remit payment for Hotel
Occupancy Tax, which is currently due on the 20th of each month. The assessment will
only apply in instances where the hotel occupancy tax is required to be collected.
SECTION 3. The Service Plan for the District, as attached hereto as Exhibit A, is
approved.
SECTION 4. The City Manager or designee is authorized to execute a three -party
agreement between City, the Corpus Christi Area Convention and Visitors' Bureau, and
the Corpus Christi Tourism Public Improvement District Corporation regarding the
management of the District.
SECTION 5. That District revenues in the amount of $750,000 are appropriated into the
CCTPID Fund for use in accordance with the Service Plan and the three -party agreement.
SECTION 6. That the FY2021-22 operating budget as adopted by Ordinance No. 032539
is amended to increase revenue and expenditures.
SECTION 7. Upon written request of the Mayor or five City Council members, copy
attached, the City Council: (1) finds and declares an emergency due to the need for
immediate action necessary for the efficient and effective administration of City affairs
and (2) suspends the Charter rule that requires consideration of and voting upon
ordinances at two regular meetings so that this ordinance is passed and takes effect upon
first reading as an emergency measure on this 76day of TL&g_ , 2022.
ATTEST:
uph
Rebecca Huerta
City Secretary
).0\ day of T' v&
CORPU HRISTI
,044:jc)
Guaj
ardo
Gu a� do
Mayor
, 2022.
TO THE MEMBERS OF THE CITY COUNCIL
Corpus Christi, Texas
For the reasons set forth in the emergency clause of the foregoing ordinance, an
emergency exists requiring suspension of the Charter rule as to consideration and
voting upon ordinances at two regular meetings: I/we, therefore, request that you
suspend said Charter rule and pass this ordinance finally on the date it is introduced or
at the present meeting of the City Council.
Respectfully, Respectfully,
aulette Guajardo
Mayor
Council Members
The above ordinance was passed by the following vote:
A—tiA
Paulette Guajardo
Roland Barrera
Gil Hernandez
Michael Hunter
Billy Lerma
Michael Hunter
John Martinez
Ben Molina
Greg Smith
032 800 j
Exhibit A
Corpus Christi Tourism Public Improvement District (CCTPID)
Service Plan
The proposed Corpus Christi Tourism Public Improvement District (CCTPID) would supplement
the existing sales and marketing budget in order to generate increased leisure, business, and
large group business to Corpus Christi hotels and short-term rentals. The Service Plan is
formulated to positively impact this visitation to Corpus Christi overnight accommodations
through strategic expenditures that must be approved and are overseen by a Board of Directors
for the Tourism District. The voting members of this TPID Board of Directors is solely composed
of a proportionately representative group of hoteliers and short-term rentals from within the
city. The proposed Tourism Public Improvement District is designed to ensure that the Corpus
Christi Convention and Visitors Bureau is able to successfully compete with Texas cities and other
cities across the country for an increased market share of leisure, event, and group travel.
ANNUAL INDEBTEDNESS
No bonded indebtedness. The improvements/expenditures of the CCTPID will not be debt -
funded. Annual expenditures will be funded with the annual assessments as described below.
PROJECTED EXPENDITURES
The CCTPID budget would be allocated as shown in the table below.
SERVICE PLAN
%
$
Marketing
50%
$18 894 892
Sales
43%
$16,249,607
Research and Administration
5%
$1,889,489
Contingency Funds
2%
$755,796
TOTAL
100%
$37,789,784
The estimated budget for the TPID for the ten-year term of the District (2021-2031) is shown in
the table below. The estimated budget is forecasted to increase by three percent (3%) per year.
Expenditures of the TPID are limited to actual collections, which cannot exceed the 2%
assessment on each taxable room night sale by Corpus Christi hotels with 40 or more rooms, as
defined in the TPID petition. The TPID will follow established statutory procedures for the
addition of newly built eligible hotels into the Corpus Christi TPID. If actual TPID receipts exceed
service plan estimates or if actual TPID receipts exceed actual TPID expenditures within a service
plan category, any surplus TPID revenues will be reserved by the TPID for use in the subsequent
year of the service plan according to the established Service Plan allocations.
10-Year Service Plan Category Percentages and Amounts
Year
Marketing
Sales
Research &
Administration
Contingency
Funds
Total
50%
43%
5%
2%
100%
2021-2022
$375,000
$322,500
$37,500
$15,000
$750,000
2022-2023
$1,750,000
$1,505,000
$175,000
$70,000
$3,500,000
2023-2024
$1,820,000
$1,565,200
$182,000
$72,800
$3,640,000
2024-2025
$1,892,800
$1,627,808
$189,280
$75,712
$3,785,600
2025-2026
$1,968,512
$1,692,920
$196,851
$78,740
$3,937,024
2026-2027
$2,047,252
$1,760,637
$204,725
$81,890
$4,094,505
2027-2028
$2,129,143
$1,831,063
$212,914
$85,166
$4,258,285
2028-2029
$2,214,308
$1,904,305
$221,431
$88,572
$4,428,617
2029-2030
$2,302,881
$1,980,477
$230,288
$92,115
$4,605,761
2030-2031
$2,394,996
$2,059,696
$239,500
$95,800
$4,789,992
2031-2032
$2,394,996
$2,059,696
$239,500
$95,800
$4,981,591
Total
$18,894,892
$16,249,607
$1,889,489
$755,796
$37,789,784
PROJECTED CORPUS CHRISTI TOURISM PUBLIC IMPROVEMENT DISTRICT SERVICES
Marketing (Advertising and Promotion) Initiatives
Fifty percent (50 %) of the annual TPID budget will be allocated to increased marketing initiatives
to drive more hotel activity to Corpus Christi. All advertising and promotion initiatives will be
designed to increase awareness and travel within the leisure market for segments of the market
that are not currently being reached by Visit Corpus Christi, out of state, and international
markets. Such initiatives may include but are not limited to:
Programs to increase demand through:
Marketing & PR Campaigns
Current hotel occupancy tax fund levels do not allow Visit Corpus Christi the ability to conduct the
level of campaigns noted below. Existing VCC brand campaigns would utilize TPID funds to better
reach the below noted and other essential markets. VCC would have the ability to expand the
reach of these campaigns to areas there were not within our prior budget capacity, but for which
data suggests a strong ROI for such marketing initiatives.
Central North Texas Campaign
Historically VCC has focused on marketing in the San Antonio, Houston and RGV areas.
VCC has not had sufficient funding to effectively promote Corpus Christi in the other key potential target markets of
Austin and the DFW Metroplex. Competing cities such as Galveston and Florida beach destinations are heavily
promoting their areas in these markets. Existing creative on Corpus Christi can be used to expand VCC's reach into
these additional and other areas.
Border States/Central US Campaign
Heavy research by the VCC marketing team and ad agency also shows considerable opportunities for VCC to market
to key border state cities and to select other locales that would be especially interested in Corpus Christi due it being
the closest beach to their area. This initiative could be realized through a targeted campaign focused on New
Orleans, Lake Charles, Little Rock, Kansas City, Oklahoma City, Tulsa, Wichita, Denver, Albuquerque, and Santa Fe.
Mexico/International Campaign
Corpus Christi's proximity to Mexico warrants advertising along the Mexican side of the RGV as well as within Sister
City Monterrey. Data proves San Antonio and South Padre are currently capitalizing on this growing population
which has the income to travel. The TPID provides an opportunity for VCC to also effectively compete for this
segment.
Air Service Promotion Campaigns
VCC and CCIA leadership continue to focus on following the data and using it for potential expansion of air access
from and to Corpus Christi for key new target markets. The ability to promote visitation by those markets and the
ease in reaching such markets through our airports is crucial to the long-term success of those routes.
Creative Operations
Experience Development/Visitor Servicing
A key strategy for VCC to further separate Corpus Christi from its competition is experience development and
servicing. With the TPID, a heightened focus can be put on developing enhanced programs and experiences that
yield heightened visitor perceptions of Corpus Christi as a destination. Current hotel occupancy tax fund levels have
allowed us to develop a new visitor center, but they have only enabled basic beach service operations, and limited
promotions of all the area beaches, the airport and convention services. To ensure a strong ROI on these
expenditures, visitor surveying can be used to ensure we are giving visitors what they desire.
Creative Staffing and Operations
The expansion of our campaigns will likely require additional staff or contract services, or a combination of both.
Current hotel occupancy tax fund levels have allowed us to have a marketing team of four individuals. The
combination of hotel tax and TPID funds would allow a $4 million annual marketing budget that will likely require
limited additional staffing that will be presented to the TPID Board for their consideration and approval.
Sales (Conventions, Meetings, Sports) Initiatives
Forty-three percent (43%) of the annual TPID budget will be allocated to increased Sales initiatives. All sales
initiatives are designed to increase state, regional, and national awareness of Corpus Christi as a meetings,
conventions, and sports destination and foster subsequent bookings in district hotels. Such efforts will include but
would not be limited to:
Programs to increase demand through:
Group Sales
Corpus Christi Sports Commission
Corpus Christi has a competitive advantage in that it offers something many other cities cannot -- water. The
opportunity for Corpus Christi to leverage our natural assets to secure competitive water and land sporting events
will drive a new segment of visitors and visitor spending. Youth Sports is a $1 billion industry that Corpus Christi is
also not currently involved in. An organized Youth Sports initiative would drive substantial additional rooms nights
within this important market segment. Current hotel occupancy tax fund levels have not allowed us to initiate this
much needed program.
Sales Staffing
Current hotel occupancy tax fund levels have allowed us to create a sales team of two plus a coordinator. To grow
our group sales operations, VCC cannot continue to have a sales team of only two staff members. The addition of a
TPID would allow us to propose an expansion of our sales focus serving key segments with a diverse strategy of
prospecting and selling.
Corpus Christi Film & Music Commission
A growing responsibility of DMOs is the ability to sell their community as a film location. In addition, cities like Austin,
Nashville and Tulsa have each proven that a rich and unique music vibe is just what a growing trend of travelers are
seeking who want authentic cultural experiences. The Corpus Christi Film & Music Commission, in partnership with
VCC, will actively seek out opportunities in the film and music industries to bring business, room nights, and exposure
to Corpus Christi. Current hotel occupancy tax fund levels have not allowed us to access sufficient funding for this
much needed program.
Sales Servicing
With an additional influx of prospective clients and actualized business from different group segments, sports, film
and music, additional staff servicing will likely also be required. Current hotel occupancy tax fund levels have allowed
us to service the existing framework for serving our clients, but we will need to expand those services with focuses
on additional anticipated sports business, national sales, and leisure sales. The TPID Board will work closely with
VCC on what augmented staffing pattern would produce the greatest ROI.
Group Sales Promotion
Texas -wide Meetings Marketing Campaign
As VCC continues to work with the American Bank Center and the city on development of the SEA District Complex,
as well as an increased sales staff presence, it will be essential that there be an enhanced statewide marketing
campaign targeting both corporate and association group business. For example, the unique downtown district
coupled with the natural environment that is part of Corpus Christi's unique appeal, allows VCC to market to the
meetings industry that Corpus Christi is a location to host and enjoy at the same time. Current hotel occupancy tax
fund levels have not been sufficient to initiate this enhancement of our marketing program.
Tradeshows/Sales Missions
A focus on new market segments means involvement in new tradeshows and site visits. To ensure success, VCC must
increase its involvement with key associations and organizations. Current hotel occupancy tax fund levels have
focused on trade and government association business, but we have not been able to attend other events in a cost-
effective basis that would get us in front of multiple industry segments through entities such as CVENT,
HelmsBriscoe, NorthStar, and others.
National Industry Organizations
The ability to develop partnerships with the largest meeting planner groups within organizations such as CVENT,
HelmsBriscoe, NorthStar and US Travel Association is critical to the future success of Corpus Christi growing its group
room nights. Current hotel occupancy tax fund levels have focused on state association outreach, but we have not
been able to afford the marketing that was needed to significantly expand that reach. The TPID funding will help
bridge this gap.
Events Bid Fund
The limited ability to use Corpus Christi's Conference Events Fund (CEF) as incentives for large groups critically limits
VCC's ability to incentivize groups that are not being housed at the American Bank Center. A separate TPID bid
incentive fund will allow VCC to incentivize additional groups that show a strong potential ROI, including groups that
are housed in individual hotels, as well as sporting groups and film crews that would increasingly choose Corpus
Christi if we could more effectively compete for their business with reasonable sales incentives.
Research and Administration Initiatives
Five percent (5%) of the annual TPID budget would be allocated to administration of the TPID and for increased
visitor research initiatives that analyze the impact of TPID marketing and sales initiatives in driving more hotel
activity, tourism and positive visitor impressions for Corpus Christi. Research costs may include, but would not be
limited to the following:
Research
Growing our tourism and hotel activity reach will require a continued dedication to research and prospecting
programs to ensure a strong ROI from the sales and marketing initiatives undertaken by the TPID. Current hotel
occupancy tax fund levels have allowed us to conduct research with minimal GPS data as well as basic prospecting
programs. With the TPID funding, we will be able to utilize higher level and more accurate and strategic ROI research
programs as well as additional industry leading sales prospecting tools.
Administrative Costs
The collection of tourism PID fees will produce certain costs to the City and to the TPID that the TPID will have to
reimburse. The TPID will need to cover limited additional costs to VCC for legal counsel, administration of the district,
and supplemental finance and accounting help that will be needed to administer the TPID funds. Current hotel
occupancy tax fund levels have allowed us to have one individual in our VCC finance department, but we anticipate
needing to contract for certain services and to increase that staffing oversight upon consideration and approval by
the TPID Board.
Contingency Funds
Two Percent (2%) of the annual TPID budget will be allocated to TPID contingency funds to allow consistent operation
of the TPID Service Plan during unexpected economic challenges and to be ready to address unanticipated new
opportunities within each budget category.
IN ACCORDNANCE WITH TEXAS PROPERTY CODE §5.014, THE NOTICE ON THE NEXT PAGE MUST BE PROVIDED TO
ANY PURCHASER OF PROPERTY SUBJECT TO ASSESSMENT BY THE CCTPID AT THE TIME OF SALE.
NOTICE OF OBLIGATION TO PAY IMPROVEMENT DISTRICT ASSESSMENT TO CITY OF
CORPUS CHRISTI
TEXAS CONCERNING THE FOLLOWING HOTEL PROPERTY
(insert property address)
As the purchaser of the real property described above, you are obligated to pay assessments to the
City of Corpus Christi, Texas, for the costs of a portion of a public improvement or services project
(the "Authorized Services") undertaken for the benefit of the property within the Corpus Christi
Tourism Public Improvement District (the "District") created under Subchapter A, Chapter 372, Local
Government Code.
AN ASSESSMENT HAS BEEN LEVIED AGAINST YOUR PROPERTY FOR THE AUTHORIZED SERVICES,
WHICH MUST BE PAID IN FULL WITH EVERY PAYMENT BY THE HOTEL OF LOCAL HOTEL OCCUPANCY
TAX REMITTANCES TO THE MUNICIPALITY. YOUR FAILURE TO PAY THE ASSESSMENT MAY RESULT IN
PENALTIES AND INTEREST BEING ADDED TO WHAT YOU OWE, AND MAY INCLUDE THE PURSUIT OF
ANY OTHER REMEDY THAT IS AUTHORIZED UNDER SECTION 372.0035(d), LOCAL GOVERNMENT
CODE.
Information about the calculation of the assessment may be obtained from the City of Corpus Christi.
The exact assessment rate will be approved each year by the Corpus Christi City Council in the annual
service plan update for the district. More information about the assessments, including the assessment
rate and due dates, may be obtained from the City of Corpus Christi.
The undersigned purchaser acknowledges receipt of this notice before the effective date of a binding
contract for the purchase of the real property at the address described above.
Date:
Signature of Purchaser
Nueces County
Kara Sands
Nueces County Clerk
VG 57-2022-2022031769*
Instrument Number: 2022031769
Official Public Records
CERTIFIED COPY
Recorded On: June 30, 2022 02:12 PM Number of Pages: 11
" Examined and Charged as Follows: "
Total Recording: $57.00
STATE OF TEXAS
Nueces County
I hereby certify that this Instrument was filed in the File Number sequence on the date/time
printed hereon, and was duly recorded in the Official Records of Nueces County, Texas
Kara Sands
Nueces County Clerk
Nueces County, TX
aYiaArt_
*********** THIS PAGE IS PART OF THE INSTRUMENT ***********
Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY
because of color or race is invalid and unenforceable under federal law.
File Information:
Document Number: 2022031769
Receipt Number: 20220630000140
Recorded Date/Time: June 30, 2022 02:12 PM
User: Brenda R
Station: CLERK02
Record and Return To:
CITY OF CORPUS CHRISTI
Caller Times
PART OF THE USA TODAY NETWORK
Certificate of
Publication
NOTICE OF PASSAGE OF
ORDINANCE(S)
CITY OF CORPUS CHRIS TI -SECRETARY NO. 032800 Ordinance au-
thorizing the levy of an as-
PO BOX 9277 sessment at the rate of 2%
of taxable room-nights sold
at qualifying hotels located
CORPUS CHRISTI, TX 78401 within the District; setting
the method of payment for
the assessment; approving
the Service Plan for the
District; authorizing an
STATE OF WISCONSIN) agreement between the
)) City, the Corpus Christi
Area Convention and Visi-
COUNTY OF BROWN) tors' Bureau, and the
Corpus Christi Tourism
Public Improvement
I, being first duly sworn, upon oath depose and say that I District Corporation re-
am a legal clerk and employee of the publisher, namely,the garding the management of
the District; appropriating
Corpus Christi Caller-Times,a daily newspaper published $750,000.00 in revenue from
at Corpus Christi in said City and State, generally circulated the District for FY 2022;
and amending the operat-
in Aransas, Bee, Brooks, Duval, Jim Hogg,Jim Wells, ing budget. This ordinance
Kleberg, Live Oak, Nueces, Refugio, and San Patricio, was passed and approved
on first reading by the
Counties,and that the publication of which the annexed is a Corpus Christi City Council
true copy,was inserted in the Corpus Christi Caller-Times on June 28,2022.
/s/Rebecca Huerta Ca
in the following issue(s)dated: City Secretary ro ,x
ti
L .A
r-
07/03/2022A
On this July 3, 2022, I certify that the attached document is a na..
true and exact copy made by the publisher:
b
c1'trri
rri
Odt .:
Legal Notic- Clerk
Not'bli,, State of Wisconsin, County of Brown
7/ ---)hAa
Notary Expires
SARAH BERTELSEN
I
Publication Cost:$155.35 o to ry Public
Ad No: 0005322341 State of Wisconsin
Customer No: 1490432
PO#: NO.032800
#of Affidavits 1
This is not an invoice
Caller Times
PART OF THE USA TODAY NETWORK
Certificate of
Publication
CITY OF CORPUS CHRIS TI -SECRETARY
PO BOX 9277
CORPUS CHRISTI,TX 78401
STATE OF WISCONSIN)
))
COUNTY OF BROWN)
I,being first duly sworn, upon oath depose and say that I
am a legal clerk and employee of the publisher,namely,the
Corpus Christi Caller-Times,a daily newspaper published
at Corpus Christi in said City and State,generally circulated
in Aransas, Bee, Brooks, Duval,Jim Hogg,Jim Wells,
Kleberg,Live Oak, Nueces, Refugio,and San Patricio,
Counties,and that the publication of which the annexed is a
true copy,was inserted in the Corpus Christi Caller-Times
in the following issue(s)dated:
06/12/2022
On this June 12,2022, I certify that the attached document
is a true and exact copy made by the publisher:
Legal Notice Clerk
):(44
N,,taic, Stateoiscons n, County of Brown
—
Notary Expires
SARAH BERTELSEN
Notary Public
". State of Wisconsin A�
fi�
Publication Cost:$640.95
Ad No:0005292540
Customer No: 1490432
PO#: NOTICE OF PUBLIC HEARING
#of Affidavits5 03 :6 WV I z Nnr Ztol
This is not an invoice
,LN3W32iI130d3 EUNY S13VW.N00
CITY OF CORPUS CHRIS-
TI,TEXAS
NOTICE OF PUBLIC
HEARING REGARDING
THE
PROPOSED ASSESSMENT
• FOR THE CORPUS
CHRISTI TOURISM PUB-
LIC IMPROVEMENT
DISTRICT
Pursuant to Section
372.009(c) and (d) of the
Texas Local Government
Code, as amended, notice is
hereby given that the City
Council of the City of
Corpus Christi, Texas ("Ci-
ty"), will hold o public
hearing to accept public
comments and discuss the
proposed assessment for
the Corpus Christi Tourism
Public Improvement
District (the"District").
Time and Place of the
Hearing. The public hear-
ing will start at or otter
11:30 a.m. on June 28, 2022,
at the regular meeting
place of the City Council of
the City at City Hall locat-
ed of 1201 Leopard Street,
Corpus Christi, Texas,
General Nature of Pro-
posed Authorized Improve-
ments. The purpose of the
District will be to provide
special supplemental serv-
ices related to the District
limited to advertising, pro-
motion, activities and busi-
ness recruitment activities
that are authorized by the
Public Improvement
District Assessment Act for
improvement and promo-
tion of the District, includ-
ing supplemental market-
ing to increase hotel activi-
ty and the provision of sup-
plemental soles activities
including but not limited to
incentives by the Corpus
Christi Tourism Public Im-
provement District to or-
ganizations to encourage
them to bring their meet-
ings and events to Corpus
Christi, The District will
Supplement and enhance
the existing marketing and
soles services provided by
the Corpus Christi Conven-
tion and Visitors Bureau
within the area of assess-
ment and may include con-
tracts for services with
third-Party entities such as
marketing and other agen-
cies.
Estimated Cost of the Im-
provements. No Bonded In-
debtedness. During the
proposed ten year period,
the estimated annual cost
of improvements and serv-
ices provided by the
District are estimated to
range from about $3,000,000
to $6,000,000 annually over
ten years; however, in no
event shall the assessment
amount exceed two percent
of the price paid to hotels
for a taxable room night in
o hotel. The District shall
not incur bonded indebted-
ness.
Boundaries of the Proposed
Assessment District- The
District will be located
wholly within the City of
Corpus Christi, a Texas
0Z :6 1 V 17 ` i r 7-7n, home rule municipality.
G WV G ( ` (r The proposed boundaries of
the proposed assessment
district shall solely include
IN3W 1130U CNV S13yaiNo3 non-contiguous hotel prop-
erties with 40 or more
rooms within the City of
Corpus Christi. An exhibit
is nvniinhla in the fity car-
---
retorts Office at Carpus
Christi City Hall_
Assessment Roll. The
District assessment will be
levied on hotels with 40 or
more rooms located within
the City of Corpus Christi.
The total cost of the serv-
ices and improvements to
be provided shall be appor-
tioned during the year
based on o rote of 2% of
taxable room-nights sold at
qualifying hotels located
within the District, A copy
of the Assessment Roll is
ovailoble for review In the
City Secretary's Office at
City Hall,
Written or oral objections
to the proposed assessment
will be considered at the
public hearing.
is/Rebecca Huerta
City Secretary
O Z :6 d I z r(1r ZZOZ
N3W3U1130`dd()NV S13Vd11H03