File #: 23-1534    Version: 1 Name:
Type: Motion Status: Passed
File created: 9/8/2023 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 9/19/2023 Final action: 9/19/2023
Title: Motion approving the Service Plan for Fiscal Year 2024 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, and $50,000 for downtown right-of-way maintenance activities for a total contracted amount of $975,000.
Attachments: 1. TIRZ Agenda Memo - DMD Interlocal FY 24 Service Plan, 2. TIRZ #3 FY 24 Service Plan Project Plan Matrix, 3. DMD and TIRZ Integrated Budget FY 2023-2024 With Line Item Changes, 4. DMD & TIRZ FY 23 Service Plan Update & FY 24 Proposal Presentation, 5. TIRZ 3 Interlocal Agreement - DMD Expansion of Services EXECUTED, 6. Amendment No 1 DMD Interlocal 2018

Title

Motion approving the Service Plan for Fiscal Year 2024 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, and $50,000 for downtown right-of-way maintenance activities for a total contracted amount of $975,000.