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Meeting Name: Reinvestment Zone No. 3 - Downtown Agenda status: Final
Meeting date/time: 9/30/2020 1:30 PM Minutes status: Final  
Meeting location: Council Chambers
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Agenda packet: Not available
Meeting video: eComment: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
20-1226 11. PresentationOpportunity Zones within the Downtown Management Districtpresented  Action details Not available
20-1091 13. PresentationTIRZ #3 Financial Reports as of July 31, 2020presented  Action details Not available
20-1096 14. ResolutionMotion to approve a Downtown Development Reimbursement Agreement with SEA District Hotel Group LP for the development of a $41,000,000 196 room dual-branded hotel (Hilton Garden Inn and Homewood Suites) located at 701 E Port Ave for a total incentive amount not to exceed $1,415,000, effective upon signature by the City Manager or designee.withdrawn  Action details Not available
20-1097 15. ResolutionMotion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for 807 N Upper Broadway LLC, which provides a six-month extension of the deadline to complete construction of the improvements from September 30, 2020 to March 31, 2021, effective upon signature by the City Manager or designee.approvedPass Action details Not available
20-1098 16. ResolutionMotion authorizing Amendment No. 2 to the Downtown Development Reimbursement Agreement for Americano Properties, LLC, for improvements to the properties located at 415-419 Peoples Street, which provides a one-month extension that the Developer must complete improvements on or before September 30, 2020, effective upon signature by the City Manager or designee.approvedPass Action details Not available
20-1100 17. ResolutionMotion to approve a Downtown Development Reimbursement Agreement with Carlos Villarreal for improvements to the property located at 419 Peoples Street related to the development of an art gallery and studio for a total incentive amount not to exceed $7,500 to be completed on or before January 31, 2021, effective upon signature by the City Manager or designee.approvedPass Action details Not available
20-1165 18. ResolutionMotion approving Amendment No. 1 to the Downtown Development Reimbursement Agreement for Americano Properties, LLC for Dusty's Taco Bar, located at 322 N Chaparral, which increases the total incentive, previously set at $30,000, by an amount not to exceed $11,500 for a total incentive amount not to exceed $41,500 and provides a twelve-month extension to the deadline to complete construction from September 30, 2020 to September 30, 2021, effective upon signature by the City Manager or designee.approvedPass Action details Not available
20-1101 19. ResolutionResolution approving the Fifth Amendment to the Tax Increment Reinvestment Zone #3 Project & Financing Plan for implementation with the FY2021 budget.approvedPass Action details Not available
20-1181 110. MotionMotion to approve a Service Plan for Fiscal Year 2021 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 $510,000 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 $610,000 for FY2021.approvedPass Action details Not available
20-0843 111. MotionMotion authorizing the expenditure of an additional $200,000 for the one-way to two-way street conversion of specified downtown streets for a total expenditure for FY 2020-21 of $400,000.approvedPass Action details Not available