HomeMy WebLinkAboutMinutes Corpus Christi B Corporation (Type B) - 10/15/2018 - Joint Workshop City of Cornus Christi
1201 Leopard Street
City 1 Corpus Christi,TX 78401
cctexas.com
' � �` Meeting Minutes - Final
Corpus Christi B Corporation
Monday,October 15,2018 2:00 PM American Bank Center
Selena Auditorium
Rotunda Room
Workshop
CITY COUNCIL, CORPUS CHRISTI TYPE B CORPORATION,AND CORPUS CHRISTI
REGIONAL ECONOMIC DEVELOPMENT CORPORATION WORKSHOP ON TYPE B
ECONOMIC DEVELOPMENT GUIDLINES
A. President Scott Harris to call the meeting to order.
President Scott Harris called the meeting to order at 2:08 p.m.
B. City Secretary Rebecca L. Huerta to Call Roll
City Secretary Rebecca L.Huerta called the roll and verified that a quorum of
the Board was present to conduct the meeting.
City Council Liaison Hunter arrived at 2:33 p.m.
No action was taken to excuse absences.
Present 6- President Scott Harris, Board Member Gabriel Guerra,Vice-President
Randy Maldonado, Board Member Leah Pagan Olivarri, Board Member John
Valls, and Council Liaison Michael Hunter
Absent 2- Board Member Robert Tamez, and Board Member Lee Trujillo
C. Acknowledge Corpus Christi Regional Economic Development Corporation
Board And Staff
The Corpus Christi Regional Economic Development Corporation board
members and staff were recognized.
D. AGENDA ITEMS:
Discussion of Type B Economic Development Guidlines
Chief Executive Officer(CEO)of the Corpus Christ Regional Economic
Development Corporation(CCREDC)lain Vasey presented information on the
following topics: the role of the Corpus Christi B Corporation(Type B)in
economic development;the mission of the Corpus Christi Business and Job
Development Corporation(Type A)and Type B;and vision.
Assistant City Attorney Aimee Alcorn-Reed discussed the following topics:
City of Corpus Christi Page 1 Printed on 6/5/2019
qrANINIFD
Corpus Christi B Corporation Meeting Minutes-Final October 15,2018
approved Type B 2016 ballot language;the definition of primary jobs;eligible
Type B projects that create or retain primary jobs and that do not create or
retain primary jobs;and public hearing requirements for Type B projects.
Mr.Vasey presented information on the following topics: guidelines for Type A
&B;and the CCREDC's proposed Type B Guidelines.
The Type B's and CCREDC's board members and Council members discussed
the following topics: the proposed Type B Guidelines&Criteria for Granting
Business Incentives(Guidelines);the amount of Type A monies available for
economic development;future areas of growth;Section 10 of the proposed
Guidelines; North Beach economic development;the process for designating
economic development funding for North Beach;simply following the statute
for Type B expenditures versus using the proposed Guidelines;incentivizing
economic development in certain areas of the city;encouraging economic
development in blighted and struggling areas of the city;two kinds of
reinvestment zones;state and federal standards;Community Development
Block Grants;market driven projects versus community outreach projects that
are proactive relative to infrastructure improvements;when and how the City
Council identifies an economic development project;the comfort level in using
the Type A Guidelines for Type B;bringing jobs to this general area versus
targeting specific areas;the CCREDC vetting economic development projects
first;examples of appropriate and inappropriate economic development
projects;City Council overshadowing the economic development process;
Sections 10 and 11 of the proposed Guidelines;that Section 10 may be
political;Type A following its guidelines until Type A funds are exhausted;that
Type A sales tax collection has ceased;that Type B sales tax funds are for both
economic development and quality of life projects;that Section 9 of the
proposed Guidelines is not tied to creating primary jobs;that Section 10 of the
proposed Guidelines can be used for projects not yet contemplated;that
applications for Type B funding turned down by the CCREDC will still be sent to
Type B and City Council for informational purposes;specifying the use of back-
versus front-end loaded incentive agreements;specifying a minimum or
maximum to be spent in relation to Section 10 of the proposed Guidelines;
reviewing the proposed Guidelines in one year;opportunities to fund quality of
life projects;a contractual requirement for awardees to replenish funds;
projects'return on investment; revisiting the proposed Guidelines in six
months; leaving the proposed Guidelines,as presented;and the Interim City
Manager presenting the proposed Type B Guidelines,as presented,to the City
Council for consideration.
E. ADJOURNMENT
The meeting was adjourned at 3:54 p.m.
City of Corpus Christi Page 2 Printed on 6/5/2019