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File #: 21-1200    Version: 1 Name:
Type: Motion Status: Passed
File created: 8/26/2021 In control: Reinvestment Zone No. 3 - Downtown
On agenda: 8/31/2021 Final action: 8/31/2021
Title: Motion to approve a Service Plan for Fiscal Year 2022 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 $665,000 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 $765,000.
Sponsors: Finance & Procurement, Downtown Management District
Attachments: 1. DMD Interlocal FY 22 Service Plan Memo, 2. DMD FY 2022 DMD Service Plan, 3. DMD 2022-2026 Five Year Strategic Plan - Web Version, 4. TIRZ #3 Presentation - 5 Year Strategic Plan & FY 22 Service Plan, 5. TIRZ 3 Interlocal Agreement - DMD Expansion of Services EXECUTED

Title

Motion to approve a Service Plan for Fiscal Year 2022 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 $665,000 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 $765,000.