File #: 25-1412    Version: 1 Name:
Type: Motion Status: Future Agenda
File created: 8/22/2025 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 9/23/2025 Final action:
Title: Motion to approve a Service Plan for Fiscal Year 2026 and renew the Interlocal Cooperation Agreement between Corpus Christi Tax Increment Reinvestment Zone #3 (TIRZ #3) and the Corpus Christi Downtown Management District (DMD) to encourage the redevelopment of TIRZ #3 in the amount of $875,000 for enhanced cleanliness, safety, placemaking, economic development, cultural programming, and incentive administration, $50,000 for downtown park maintenance activities, and $50,000 for downtown right-of-way maintenance activities, $160,000 for Corpus Christi Police Department public safety for community wide events, and $365,534 for DMD assessment match for a total contracted amount of $1,500,534.
Sponsors: Downtown Management District
Attachments: 1. TIRZ Agenda Memo - DMD Interlocal FY 2026 Service Plan, 2. FY26 Service Plan Presentation to TIRZ #3, 3. DMD & TIRZ #3 Integrated FY 2026 Service Plan, 4. CCDMD Budget FY 2026 Approved 8-21-25, 5. TIRZ 3 CCDMD Interlocal Agreement (2016), 6. TIRZ 3 CCDMD Interlocal Agreement (2018)
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Motion to approve a Service Plan for Fiscal Year 2026 and renew the Interlocal Cooperation Agreement between Corpus Christi Tax Increment Reinvestment Zone #3 (TIRZ #3) and the Corpus Christi Downtown Management District (DMD) to encourage the redevelopment of TIRZ #3 in the amount of $875,000 for enhanced cleanliness, safety, placemaking, economic development, cultural programming, and incentive administration, $50,000 for downtown park maintenance activities, and $50,000 for downtown right-of-way maintenance activities, $160,000 for Corpus Christi Police Department public safety for community wide events, and $365,534 for DMD assessment match for a total contracted amount of $1,500,534.