File #: 17-0227    Version: 1 Name:
Type: Motion Status: Passed
File created: 2/7/2017 In control: Reinvestment Zone No. 2 - Island
On agenda: 2/21/2017 Final action: 2/21/2017
Title: Funding Approval for Park Road 22 Bridge Motion amending the Tax Increment Reinvestment Zone #2 City of Corpus Christi Project Plan to add the following sentence after the seventh paragraph: "A project consisting of the construction of two bridges on Park Road 22 is added in the February 28, 2017, amendment;" and amending the Tax Increment Reinvestment Zone #2 City of Corpus Christi Financing Plan to add the following paragraph at the end of the section called Improvements in Other Areas within TIRZ #2: "One improvement to the TIRZ #2 is the construction of two bridges on Park Road 22 between Commodores and Whitecap. The bridges will require up to $4,000,000 of TIRZ #2 funding and will allow for travel over canals that are to be built by a third party developer in the area."
Attachments: 1. Presentation - 2.21.17 TIRZ2, 2. TIRZ2 Agenda Memo - PR22 Bridge

Title

Funding Approval for Park Road 22 Bridge

 

Motion amending the Tax Increment Reinvestment Zone #2 City of Corpus Christi Project Plan to add the following sentence after the seventh paragraph: "A project consisting of the construction of two bridges on Park Road 22 is added in the February 28, 2017, amendment;" and amending the Tax Increment Reinvestment Zone #2 City of Corpus Christi Financing Plan to add the following paragraph at the end of the section called Improvements in Other Areas within TIRZ #2: "One improvement to the TIRZ #2 is the construction of two bridges on Park Road 22 between Commodores and Whitecap. The bridges will require up to $4,000,000 of TIRZ #2 funding and will allow for travel over canals that are to be built by a third party developer in the area."