City of Corpus Christi | TIRZ 3 Meeting November 10, 2026

The City of Corpus Christi Tax Increment Reinvestment Zone No. 3 (TIRZ 3) Board met on November 10, 2026. The finance director presented unaudited FY2026 statements: revenues were approximately $3.4 million against a $3.3 million budget, expenditures were about $4.1 million against a $6.6 million budget, and the reported fund balance was approximately $7.8 million. The presentation listed existing program commitments, including $5.8 million for Streetscape and Safety Improvements and $3.4 million for the Downtown Living Initiative; no new competitive procurement or bid award was identified.

The board approved an amendment to the Thirsty’s Corpus Christi incentive agreement removing benchmark deadlines and extending the project deadline to December 31, 2027. It also approved amendments to multiple downtown development reimbursement agreements clarifying that reimbursement applies to completed improvements and is reduced proportionally for improvements not completed or materially reduced in scope. For Agnes Water Street LLC’s project at 401 South Water Street, the board approved incentives of $150,000 for rooftop parking and $20,000 for interior walls; the overall project cost was stated as $2.3 million, and the building is planned to include a healthcare provider. The board also approved its FY2027 meeting calendar and grouped agenda items 10, 12, and 13; details of those items were not stated in the transcript.