HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 09/17/2018 - Workshop iii
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.— . / , Meeting Minutes
Corpus Christi B Corporation
Monday,September 17,2018 1:30 PM 5th Fl.City Hall-ACM Conference Room
Workshop
A. President Scott Harris to call the meeting to order.
President Scott Harris called the meeting to order at 1:32 p.m.
B. City Secretary to Call Roll and Excuse Absences
City Secretary Rebecca L.Huerta called the roll and verified that a quorum of
the Board was present to conduct the meeting.
*Board Member Valls arrived at 1:39 p.m.
No action was taken to excuse absences.
Present 7- President Scott Harris, Board Member Gabriel Guerra,Vice-President
Randy Maldonado, Board Member Leah Pagan Olivarri, Board Member
Robert Tamez, Board Member John Valls, and Council Liaison Michael
Hunter
Absent 1 - Board Member Lee Trujillo
C. AGENDA ITEMS:
1. Type B Workshop Regarding Economic Development Guidelines
President Harris referred to Item 1.President Harris reviewed the purpose of
the workshop and described his vision for his term as president.Aimee
Alcorn-Reed,Assistant City Attorney,presented an overview of eligible
economic development fund projects.Mike Culbertson,Corpus Christi Regional
Economic Development Corporation(CCREDC),presented on the draft Type B
guidelines and criteria for granting business incentives.He noted that lain
Vasey,CCREDC President/CEO and the following executive committee
members were present:Al Jones,Philip Ramirez,and Wayne Squires.The
Board and the CCREDC representatives discussed the following issues:ways to
define projects;Type B funds allowed for use in blighted areas;the drawbacks
of including the"Iconic Projects"category in the guidelines;the definition of
"iconic"added by the EDC Board;that Type B projects can retain jobs versus
Type A projects which must create jobs; request for a better definition of
"primary job"to match NACE jobs categories;change other projects to define
how capital assets are invested to include defined cash match;the risk of
rejecting a project and the repercussions;a finite amount of money is
available but the need is large;define what the board would like to focus on
versus the discussion of the core details of the guidelines;making the funding
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SCANNED
Corpus Christi B Corporation Meeting Minutes September 17,2018
available to everyone,not just large employers; investing in long-term
infrastructure;developing a strategic approach to address the needs of the
City;the danger of depleting funds on small projects without having a backup
for the big projects;Type A funds are still available for larger projects until
spent;funds can be used to keep the base open and reduce risk of base
realignment and closure(BRAC);cap the amount of money that can be
requested if necessary;the desire to invest in assets that can better the City;
Section 9"Other Projects"and Section 11 "Iconic Projects"are too broad;set a
budget for the amounts for each project;map the blighted areas;and the
council liaison's report that three Council members advised him of their
preference to provide Council input on the guidelines before the November
election.
A consensus of the board approved Sections 1 -8 of the guidelines as written;
eliminated Section 11,"Iconic Projects";and rearranged Sections 9 and 10 as
follows:Section 9,Certain targeted infrastructure and Section 10,Other
Projects.
D. ADJOURNMENT
The meeting was adjourned at 3:10 p.m.
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