Reinvestment Zone No. 2 - Island

Corpus Christi Regional Transportation Authority, 602 N. Staples St., 2nd Floor Board Room (Rm. 210)

Agenda — 15 items

1. 1 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.
2. A. Vice Chair Mike Pusley to call the meeting to order. ▶ jump to 13:46
3. B. City Secretary Rebecca Huerta to call roll of the Corporation Directors. ▶ jump to 13:56
4. C. PUBLIC COMMENT: ▶ jump to 14:41
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: (NONE)
7. E. FINANCIAL REPORT: (NONE)
8. F. EXECUTIVE SESSION ITEMS: (NONE)
9. G. AGENDA ITEMS:
10. 1. Motion approving Tax Increment Reinvestment Zone #2 Board Meeting Calendar 24-0138 approved Pass ▶ jump to 14:53
11. 2. Motion authorizing the addition of the Whitecap and Gypsy Bridges scour protection project to the Adopted FY 2024 CIP Plan and appropriation and expenditure of additional TIRZ #2 Funds in the amount of $1,500,000.00 from the unreserved fund balance in the TIRZ #2 Fund to address scour potential at the Whitecap and Gypsy Bridges and authorizing the transfer from the TIRZ #2 Fund to the TIRZ #2 Capital Improvement Fund. 24-0144 approved Pass ▶ jump to 15:15
12. 3. Motion authorizing an amendment to the TIRZ #2 Development Reimbursement Agreement with Ashlar Interests, LLC, for the Whitecap development, which increases the reimbursement by an amount not to exceed $14,000,000 for additional public improvements projects related to the large-scale development in the Zone, with a total reimbursement amount not to exceed $25,500,000. 24-0139 approved Pass ▶ jump to 29:09
13. H. PRESENTATION ITEMS: (NONE)
14. I. ADJOURNMENT ▶ jump to 30:08
15. 15 * 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.