File #: 23-0788    Version: 1 Name:
Type: Public Hearing / First Reading Status: Passed
File created: 4/27/2023 In control: City Council
On agenda: 5/9/2023 Final action: 5/16/2023
Title: Ordinance amending Ordinance No. 024270, which created the Reinvestment Zone No. 2, City of Corpus Christi (“TIRZ #2”) on Padre Island, by amending the City’s contribution amount, which will increase anticipated revenues by $140,100,000 for total revenue of $201,000,000; modifying the boundaries to add areas requested for inclusion by Nueces County; and to add approved projects and anticipated expenditures in the amount of $150,950,000 for total expenditures of $201,000,000, which will be more fully defined within a future amendment, as recommended by the TIRZ #2 Board on April 18, 2023.
Sponsors: Finance & Procurement
Attachments: 1. Agenda Memo - TIRZ #2 Ordinance contribution and boundary change -Agenda Memo, 2. Ordinance - TIRZ 2 Expansion and Contribution Amount, 3. TIRZ #2 Map of Boundary Change, 4. May 9 TIRZ presentation

title

Ordinance amending Ordinance No. 024270, which created the Reinvestment Zone No. 2, City of Corpus Christi (“TIRZ #2”) on Padre Island, by amending the City’s contribution amount, which will increase anticipated revenues by $140,100,000 for total revenue of $201,000,000; modifying the boundaries to add areas requested for inclusion by Nueces County; and to add approved projects and anticipated expenditures in the amount of $150,950,000 for total expenditures of $201,000,000, which will be more fully defined within a future amendment, as recommended by the TIRZ #2 Board on April 18, 2023.