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File #:
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22-1908
Version:
1
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Name:
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Type:
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Ordinance
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Status:
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Second Reading
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On agenda:
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11/15/2022
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Final action:
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12/6/2022
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Title:
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Public Hearing and Second Reading Ordinance amending Ordinance No. 024270, which created the Reinvestment Zone No. 2, City of Corpus Christi (“TIRZ #2”) on Padre Island, by extending the term to December 31, 2042; modifying the boundaries to add the portions of the Whitecap PID that are currently outside the TIRZ #2 boundary; and amending the Tax Increment Reinvestment Zone # 2 Amended Project & Financing Plans to add continuing maintenance of the Packery Channel through December 31, 2042 at a cost of $36,400,000, infrastructure improvements to R. Briscoe King Pavilion in the amount of $2,000,000, creation of a multi-mobility plan at a cost of $150,000, and infrastructure improvements related to the Whitecap PID development in the amount of $11,500,000, as recommended by the TIRZ #2 Board on October 25, 2022 and November 1, 2022.
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Title
Public Hearing and Second Reading Ordinance amending Ordinance No. 024270, which created the Reinvestment Zone No. 2, City of Corpus Christi (“TIRZ #2”) on Padre Island, by extending the term to December 31, 2042; modifying the boundaries to add the portions of the Whitecap PID that are currently outside the TIRZ #2 boundary; and amending the Tax Increment Reinvestment Zone # 2 Amended Project & Financing Plans to add continuing maintenance of the Packery Channel through December 31, 2042 at a cost of $36,400,000, infrastructure improvements to R. Briscoe King Pavilion in the amount of $2,000,000, creation of a multi-mobility plan at a cost of $150,000, and infrastructure improvements related to the Whitecap PID development in the amount of $11,500,000, as recommended by the TIRZ #2 Board on October 25, 2022 and November 1, 2022.
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