Ordinance amending the existing “Project Financing Zone Number One, City of Corpus Christi, Texas” (the “Zone”) for the Hilliard Center Complex; making certain findings related thereto; directing that the Texas Comptroller of Public Accounts be notified of the amendments of the Zone; requesting that the Comptroller deposit incremental hotel-associated tax revenues from the amended Zone into a susp

Staff Report & Agenda Item Details

Ordinance amending the existing “Project Financing Zone Number One, City of Corpus Christi, Texas” (the “Zone”) for the Hilliard Center Complex; making certain findings related thereto; directing that the Texas Comptroller of Public Accounts be notified of the amendments of the Zone; requesting that the Comptroller deposit incremental hotel-associated tax revenues from the amended Zone into a suspense account held in trust for the Qualified Project Activities; and containing other related matters.

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 6.6/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).