HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 07/16/2018 City of Corpus Christi 1201 Leopard StreetCorpus Christi,TX 78401
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Meeting Minutes - Final
Corpus Christi B Corporation
Monday,July 16,2018 3:30 PM Council Chambers
A. President Bart Braselton to call the meeting to order.
President Bart Braselton called the meeting to order at 4:33 p.m.
B. Call Roll and Excuse Absences
Assistant Secretary Rebecca L.Huerta called the roll and verified that a
quorum of the Board was present to conduct the meeting.
"Board Member Guerra arrived at 3:37 p.m.
Present 9- President Bart Braselton,Vice-President Randy Maldonado,Vice-President
Randy Maldonado, President Scott Harris, Board Member Lee Trujillo,
Board Member Lee Trujillo, Board Member Gabriel Guerra, Board Member
John Valls,and Council Liaison Michael Hunter
Absent 2- Board Member Leah Pagan Olivarri, and Board Member Leah Pagan Olivarri
C. MINUTES
1. Approval of Minutes of the June 18, 2018 Regular Meeting
President Braselton referred to approval of the minutes.Board Member Trujillo
asked that on item number 4,the word"only"be striken from the sentence,
"...and can(only)be used for street improvements," to avoid confusion.Board
Member Harris made a motion to approve the minutes as corrected,seconded
by Board Member Trujillo and passed unanimously(Board Member Guerra and
Olivarri-absent).
D. FINANCIAL REPORT
2. Type B Financial Reports as of May 31, 2018
President Braselton referred to Item 2.Alma Casas,Assistant Director of
Financial Services,presented the financial report as of May 31,2018.There
were no questions from the Board.
E. CLOSED SESSION ITEMS: None
F. AGENDA ITEMS:
3. Economic Development Agreement
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Corpus Christi B Corporation Meeting Minutes-Final July 16,2018
Motion approving an agreement with the City of Corpus Christi for
management of the Corporation's economic development funds.
President Braselton referred to Item 3.Aimee Alcorn-Reed,Assistant City
Attorney,presented the economic development agreement.The board and Ms.
Alcorn-Reed discussed the following:the billing process; how payments will be
made to the Corpus Christi Economic Development Corporation;fee charged
based on amount of work needed;amount to be paid will be brought forward
in the future budget; payment will be split between the two corporations.
Board Member Valls made a motion to approve the agreement,seconded by
Board Member Harris and passed unanimously(Board Member Olivarri-
absent).
G. PUBLIC HEARING:
H. PRESENTATION ITEMS:
4. Adopting Type B Guidelines
Discussion regarding Corpus Christi B Corporation Guidelines and Criteria for
Granting Business Incentives.
President Braselton referred to Item 4.Mike Culbertson,Corpus Christi
Regional Economic Development Corporation(EDC),presented to Type B
guidelines.The board and Mr.Culbertson discussed the following:the criteria
for a project to be considered iconic;what does the EDC do to support the
board;under what circumstances would the EDC evaluate a project; better
define the cost/benefit ratio;necessity of using iconic in the categories;cite the
state statute as the guidelines;clarify the role of the EDC and what projects
they would be looking at;guidelines for a maximum amount for proposed
projects;Council Liaison Hunter's statement that the Council trusts the
decisions being made by the board members;need for collaboration between
the Council,Board Members and the EDC to understand the unified goals for
the Corpus Christi B Corporation.
I. EXECUTIVE DIRECTOR COMMENTS:
President Braselton referred to the executive director comments.Constance
Sanchez,Executive Director,wanted to recognize the board members whose
terms are expiring and President Bart Braselton for his service.The board
presented President Braselton with a plaque.
J. PUBLIC COMMENT
President Braselton referred to Public Comment.There were no comments
from the public.
K. IDENTIFY FUTURE AGENDA ITEMS
President Braselton referred to the future agenda items.Constance Sanchez,
Executive Director,presented the following items for the future agenda:
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L. ADJOURNMENT
The meeting was adjourned at 4:27 p.m.
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