Municue
Corpus Christi, TX

Reinvestment Zone No. 3 - Downtown · 9:30 AM · Council Chambers

The TIRZ #3 Downtown board approved a $2.0 million program to fund demolition of the 1914 Nueces County Courthouse, amending the agreement four times on the floor before passage. The board also approved a one-year extension for a downtown redevelopment project and a new zone logo, and heard (without acting on) the proposed FY 2026-2027 TIRZ budget.
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DocumentsAgenda

Analysis

Financial Highlights

The board's sole financial action this meeting was a $2.0 million appropriation, approved as an amendment to the TIRZ #3 Project & Financing Plan, to fund demolition of the 1914 Nueces County Courthouse.[#4]

Governance & Oversight

The board approved a new TIRZ #3 logo and received presentations on the proposed FY 2026-2027 TIRZ budget, first-quarter financial reports, and Downtown Management District (DMD) activities, without taking action on the budget or financial report items.[#2][#7][#5][#6]

Development & Land Use

The board approved a one-year extension for the Fosters Dynamic Design, LLC redevelopment project at 605 N Mesquite, moving the project deadline to May 30, 2027 and shifting reimbursement payout to begin in FY 2027.[#3]

Insights by Role

Journalist

HighHigh significance — major decision, large financial impact, or broad community effectThe $2.0 million courthouse demolition resolution (file 26-0655) was amended four times on the floor before passage — including making the agreement contingent on a separate City Council vote and adding a Texas Public Information Act records-retention clause — worth tracking through the linked City Council action. The item also drew direct participation from Nueces County Judge Connie Scott alongside city staff.

Developer

MediumMedium significance — notable action worth trackingThe Fosters Dynamic Design, LLC project at 605 N Mesquite gained a one-year extension, moving its completion deadline to May 30, 2027, with TIRZ reimbursement payout now beginning in FY 2027 rather than FY 2026 — developers with similar TIRZ #3 Targeted Vacant Property or Streetscape and Safety Improvement Program agreements can point to this precedent when requesting timeline relief.

Lobbyist

MediumMedium significance — notable action worth trackingThe proposed FY 2026-2027 TIRZ #3 budget (file 26-0675), covering the DMD contract and downtown off-duty police patrol funding, was presented but not yet adopted — leaving a window to engage Director of Management and Budget Amy Cowley, City Manager Peter Zanoni, and DMD Executive Director Arlene Medrano before it returns for a vote.

Charts & Data

10 items(9 procedural hidden)

The official vote outcome for each item
(e.g., Approved, Denied, Held)
The procedural action taken on the item
(e.g., Hearing Closed, Corrected, Referred)

AI-generated summaries. Click to expand for original text.

Public Notice: Persons with disabilities who plan to attend this meeting and who may need auxiliary aids or services are requested to contact the City Secretary’s office (at 361-826-3105) at least 48

#AChairman Everett Roy to call the meeting to order.

#BCity Secretary Rebecca Huerta to call roll of the Corporation Directors.

#2A presentation on TIRZ #3 (Tax Increment Reinvestment Zone) financial reports as of March 31, 2026.

presented
TIRZ #3

#3Motion to approve a 1st amendment to the TIRZ #3 Downtown Development Reimbursement Agreement with Fosters Dynamic Design, LLC for property at 605 N Mesquite, extending the project deadline from May 30, 2026 to May 30, 2027 and shifting payout to begin in FY 2027.

Pass
Fosters Dynamic Design, LLC605 N Mesquite

#4Resolution approving the thirteenth amendment to the TIRZ #3 Project & Financing Plan to create a program funding the demolition of the 1914 Nueces County Courthouse, totaling $2,000,000 in payments to Nueces County.

Pass$2.0M
Tax Increment Reinvestment Zone (TIRZ) #3 Downtown1914 Nueces County Courthouse

#5A motion to approve the logo design for Tax Increment Reinvestment Zone (TIRZ) #3.

Pass
Tax Increment Reinvestment Zone Number Two

#6A presentation and discussion of the proposed FY 2026-2027 budget for Tax Increment Reinvestment Zone (TIRZ) #3 Downtown.

presented
Tax Increment Reinvestment Zone (TIRZ) #3 Downtown

#7A presentation providing updates from the Downtown Management District (DMD).

presented
DMD

* Regardless of the agenda heading under which any item is listed, any word or phrase of any item listed on this agenda shall be considered a subject for consideration for purposes of the Texas Open M

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