Master Plannning - Regular Meeting

Gillard on this. Oh, Eric. Okay. Eric, can we hear you? Let's see if you're, oh, perfect. Okay. So he is here. Thank you. Uh, John Mattis, Mike Pesley, Everett Roy is absent. Connie Scott is absent. Mark Scott, Carolyn Vaughn. All right. We do have a quorum present to conduct the meeting.

Thank you, Rebecca. At this time, we'll move to item C, which is public comment. Do we have anybody here this morning that would like to make public comment on this agenda? Seeing none, we'll move to item D, which is a resolution approving the proposed fiscal year 2027 tax increment reinvestment zone number two operating budget.

Good morning, board. Thank you. Amy Rodriguez, director of management and budget. So just a quick reminder, we are seeking approval of the TERS II proposed budget, anticipating the adopted budget coming forward for the first reading on September 1st. So this proposed budget, if you look at the schedule, it's summarized by revenues and expenditures. You can see that the first column there is FY25's actuals. These are our final audited numbers for the prior year. The next three columns are related to the current fiscal year. We have our current fiscal year's adopted budget, our amended budget, and then our estimated actuals for the current fiscal year. And that gives us the starting point for our proposed FY27 budget. So we're proposing total revenues of $5,762,699 for FY27 and total expenditures of $6,264,417. The revenues for this TERS are made up of contributions from the city's property tax as well as Nueces County property tax, and we have a small budget for interest income as well. Our proposed expenditures include white cap development and administration expenditure of 5,000, packery channel maintenance, our transfer to CIP, and then our transfer to the general fund. For the white cap development, this is made up of Commodores Drive Bridge and Cantata Avenue Mobility Bridge. Our administration costs are $5,000, and then we have Packery Channel maintenance of $184,000. CIP projects include Sand Dollar Avenue, as well as Packery Channel capital repairs. The changes that were made to this proposed budget since the proposed budget was delivered to City Council on July 28th are summarized here. We're reducing the transfer to general fund, we're reducing PACRI channel maintenance, and then reducing the transfer to CIP for the two projects. There is an impact to the general fund by reducing that transfer to the general fund. It reduces our revenues in the general fund. And so we will, overall, with the changes in all three TERSs, we'll be reducing revenues in the general fund by $197,958. In order to balance that budget, we will have to reduce one field position in the Economic Development Department. And then we will have to identify additional reductions in the other departments that are funded by that transfer, which include finance, budget, legal, planning. One of the services that will be impacted is the number of meetings we'll have each year. We typically hold four or five meetings per year, and we will reduce that to two meetings per year. That concludes my presentation. I'll stand by for any questions.

Thank you, Amy. So with these reductions, this is mainly centering around new direction for county participation in these funding categories? Correct. Okay, thank you. Board, do we have any questions on this item? Okay. Seeing no questions, do I commission? All right. I'll entertain a motion at this time. We have a motion and a second to approve, and all in favor say aye.

Aye.

Any opposed, nay.

Aye.

Motion carries. Thank you, Ms. Amy. Thank you. There being no further business, Ms. Rebecca, did you need Mr. Cantu? I heard him. Can I see him?

There you are. And you said aye, sir, correct?

Yes.

Yes. Thank you.

There being no further business, then, this meeting is adjourned.