Reinvestment Zone No. 3 - Downtown

Council Chambers

Agenda — 26 items

1. 1 Public Notice: Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services are requested to contact the City Secretary’s office (at 361-826-3105) at least 48 hours in advance so that appropriate arrangements can be made. This meeting may be held via videoconference call pursuant to Texas Government Code § 551.127. If this meeting is held via videoconference call or other remote method of meeting, then a member of this governmental body presiding over this meeting will be physically present at the location of this meeting unless this meeting is held pursuant to Texas Government Code § 551.125 due to an emergency or other public necessity pursuant to Texas Government Code § 551.045.
2. A. Chairman Mike Pusley to call the meeting to order. ▶ jump to 6:30
3. B. City Secretary Rebecca Huerta to call roll of the Corporation Directors. ▶ jump to 6:35
4. C. PUBLIC COMMENT: ▶ jump to 7:07
5. 5 PLEASE BE ADVISED THAT THE OPEN MEETINGS ACT PROHIBITS THE BOARD OF DIRECTORS FROM RESPONDING AND DISCUSSING YOUR COMMENTS AT LENGTH. THE LAW ONLY AUTHORIZES THEM TO DO THE FOLLOWING: 1. MAKE A STATEMENT OF FACTUAL INFORMATION. 2. RECITE AN EXISTING POLICY IN RESPONSE TO THE INQUIRY. 3. ADVISE THE CITIZEN THAT THIS SUBJECT WILL BE PLACED ON AN AGENDA AT A LATER DATE.
6. D. MINUTES: ▶ jump to 7:14
7. E. FINANCIAL REPORT: ▶ jump to 7:31
8. 2. TIRZ #3 Financial Reports as of July 31, 2024 24-1483 presented ▶ jump to 7:32
9. F. EXECUTIVE SESSION ITEMS: ▶ jump to 12:35
10. 3. Executive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to economic development agreement(s) involving a potential economic development agreement with C&P Monarch, LP and/or related entities regarding development of 1102 S. Shoreline Blvd., and pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information relating to some or all of the aforementioned matter(s) or entities that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect. 24-1409 passed after executive session Pass ▶ jump to 12:36
11. 4. Executive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to economic development agreement(s) involving a potential economic development agreement with the Education Service Center-Region 2 and/or related entities regarding development of 209 N. Water St., and pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information relating to some or all of the aforementioned matter(s) or entities that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect. 24-1180 discussed in executive session ▶ jump to 12:37
12. G. AGENDA ITEMS: ▶ jump to 14:51
13. 5. Motion to approve a Downtown Development Agreement with Starr Street Properties, LP for improvements to the property located at 511 Starr Street for a total incentive amount not to exceed $79,714, effective upon signature by the City Manager or designee. 24-1385 approved Pass ▶ jump to 15:03
14. 6. Motion to approve a Downtown Development Agreement with Pfluger Architects, Inc. for improvements to the property located at 401 N Chaparral Street Unit C for a total incentive amount not to exceed $36,867, effective upon signature by the City Manager or designee. 24-1520 approved Pass ▶ jump to 15:48
15. 7. Motion to approve a Downtown Development Agreement with Thunderbird Wine & Spirits, LLC for improvements to the property located at 418 Peoples Street for a total incentive amount not to exceed $20,237, effective upon signature by the City Manager or designee. 24-1522 approved Pass ▶ jump to 16:39
16. 8. Motion to approve a Downtown Development Agreement with Loli’s Streatery for improvements to the property located at 601 N Water Street for a total incentive amount not to exceed $17,160, effective upon signature by the City Manager or designee. 24-1523 approved Pass ▶ jump to 18:05
17. 9. Motion to approve Amendment No. 1 to the TIRZ #3 Downtown Development Reimbursement Agreement with C&P Monarch, LP for the property located at 1102 S. Shoreline Boulevard (Holiday Inn Express) to remove the Rooftop Activation Program and pedestrian walking trail scope of work from the Streetscape and Safety Improvement Program, effective upon signature by the City Manager or designee. 24-1567 approved Pass ▶ jump to 18:07
18. 10. Motion to approve a Downtown Development Agreement with C&P Monarch, LP for improvements to the property located at 1102 S. Shoreline Boulevard (Holiday Inn Express) for a total incentive amount not to exceed $1,080,000, effective upon signature by the City Manager or designee. 24-1524 approved Pass ▶ jump to 18:09
19. 11. Motion to approve a 2nd amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with OK HI-FI, LLC for the property located at 415 D Peoples Street and 424 Schatzell Street to remove the parklet, awning, and parking lot scope of work from the Streetscape and Safety Improvement Program, effective upon signature by the City Manager or designee. 24-1568 approved Pass ▶ jump to 18:40
20. 12. Motion to approve a Downtown Development Agreement with OK Hi-Fi, LLC for the property located at 424 Schatzel Street for a total incentive amount not to exceed $139,100, effective upon signature by the City Manager or designee. 24-1532 approved Pass ▶ jump to 19:31
21. 13. Motion approving the Service Plan for Fiscal Year 2025 and authorizing renewal of the Interlocal Cooperation Agreement between Corpus Christi Tax Increment Reinvestment Zone #3 (TIRZ #3) and the Corpus Christi Downtown Management District (DMD) for one year to encourage the redevelopment of TIRZ #3 in the amount of $875,000 for program and incentive administration, $50,000 for downtown park maintenance activities, $50,000 for downtown right-of-way maintenance activities, $100,000 for off-duty bike patrol, and $330,000 for the DMD Match Assessment for a total contracted amount of $1,405,000. 24-1386 approved Pass ▶ jump to 20:01
22. H. PRESENTATION ITEMS: ▶ jump to 20:48
23. 14. Downtown Lighting Project Update 24-1548 presented ▶ jump to 20:50
24. 15. DMD Updates 24-1387 presented ▶ jump to 25:40
25. I. ADJOURNMENT ▶ jump to 28:45
26. 27 * Regardless of the agenda heading under which any item is listed, any word or phrase of any item listed on this agenda shall be considered a subject for consideration for purposes of the Texas Open Meetings Act and other relevant laws, and the Board of Directors may deliberate and vote upon any such subject and resolutions related thereto. Any descriptions of property or amounts stated in this agenda are descriptive and not restrictive, and property and amounts may be changed in the motions, actions or documents. In addition to other items listed in this agenda, policies and procedures of this corporation, legal analysis of any items, policies or procedures, and any items that are currently receiving funding from this corporation may be discussed and deliberated and these matters are added as subjects of discussion to this meeting. This agenda has been reviewed and approved by the attorney for the governing body, and the presence of any subject or description in the Executive Session portion of this agenda constitutes a written interpretation of Chapter 551 of the Texas Local Government Code by the attorney for this corporation indicating that said subject or description thereof may be legally discussed in a closed meeting.