Meeting Name: Reinvestment Zone No. 3 - Downtown Agenda status: Final
Meeting date/time: 9/19/2023 9:45 AM Minutes status: Final  
Meeting location: Corpus Christi Regional Transportation Authority, 602 N. Staples St., 2nd Floor Board Room (Rm. 210)
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Agenda packet: Not available
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
23-1469 12. PresentationTIRZ #3 Financial Reports as July 31, 2023presented  Action details Video Video
23-1537 13. E-Session ItemExecutive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to economic development agreement(s) involving a potential economic development agreement with Thirsty Corpus LLC and/or related entities regarding development of 1002 N Chaparral St. and pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information relating to some or all of the aforementioned matter(s) or entities that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect.discussed in executive session  Action details Video Video
23-1536 14. E-Session ItemExecutive session pursuant to Texas Government Code § 551.071 and Texas Disciplinary Rules of Professional Conduct Rule 1.05 to consult with attorneys concerning legal issues related to economic development agreement(s) involving a potential economic development agreement with C & P Monarch, LP and/or related entities regarding development of 1102 S Shoreline Blvd. and pursuant to Texas Government Code § 551.087 to discuss or deliberate regarding commercial or financial information relating to some or all of the aforementioned matter(s) or entities that the governmental body seeks to have locate, stay, or expand in or near the territory of the governmental body and with which the governmental body is conducting economic development negotiations and/or financial or other incentives involving said business prospect.discussed in executive session  Action details Video Video
23-1535 15. ResolutionResolution approving the Tax Increment Reinvestment Zone #3 Amended Project & Financing Plan, which includes language regarding revitalization and cleaning of the Zone and the creation of a new Rooftop Activation incentive program.approvedPass Action details Video Video
23-1534 16. MotionMotion 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.approvedPass Action details Video Video
23-1542 17. ResolutionResolution authorizing an amendment to the FY 2023-24 Corpus Christi Tax Increment Reinvestment Zone #3 (TIRZ #3) budget, which increases expenditures by $1,944,727.00 for the increased funding for the Corpus Christi Downtown Management District's (DMD) interlocal agreement and one-time expenditures requested by the DMD outside of the interlocal agreement.approvedPass Action details Video Video
23-1531 18. MotionMotion authorizing a Downtown Development Reimbursement Agreement with C&P Monarch, LP for improvements to the property located at 1102 S Shoreline Boulevard for a total incentive amount not to exceed $2,000,000.00, subject to City Council approval of the Rooftop Activation Program as part of an amendment to the TIRZ #3 Project and Financing Plan.approvedPass Action details Video Video
23-1532 19. MotionMotion authorizing a Downtown Development Reimbursement Agreement with Thirsty Corpus, LLC for a development located at 1002 N. Chaparral Street for a total incentive amount not to exceed $718,500.approved as amendedPass Action details Video Video
23-1533 110. PresentationDMD Placemaking & Economic Development Project Updatespostponed  Action details Not available