Ordinance authorizing the B Corporation’s Texas State Aquarium (“TSA”) Parking Lot Project, totaling up to $2,000,000.00, from the B Corporation for TSA visitor parking lot infrastructure improvements; accepting and appropriating funding for the project totaling $2,000,000.00, from the B Corporation unreserved fund and amending the FY 2025-26 budget.

This ordinance authorizes the Corpus Christi B Corporation to provide up to $2,000,000.00 for parking lot infrastructure improvements at the Texas State Aquarium (TSA). The funding will be accepted and appropriated from the B Corporation's unreserved fund, amending the FY 2025-26 budget. The project aims to improve the TSA's visitor parking lot on North Beach, which is critical for accommodating over 500,000 annual tourists and supporting local businesses. The scope of work includes asphalt paving and striping, shade structures, lighting, and parking gate upgrades. The agreement with TSA has a term through December 31, 2027, and requires TSA to use the funds for qualifying improvements and adhere to performance requirements. The project was initially planned for a different lot but was reallocated to the current location due to delays in the old Harbor Bridge demolition.

This project will lead to improved parking facilities for visitors at the Texas State Aquarium, potentially enhancing the visitor experience and supporting economic activity on North Beach. No direct cost to residents is indicated, as funding comes from the B Corporation's existing funds.

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