HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 03/22/2010MINUTES
CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A)
REGULAR MEETING
CITY HALL -BASEMENT TRAINING ROOM
MARCH 22, 2010 - 3:00 P.M.
PRESENT:
Members:
Eloy Salazar, President
Brad Lomax, Vice President
Foster Edwards (Arrived at 3:05 p.m.)
Adolfo (Butch) Escobedo
Robert Tamez
Staff:
Angel R. Escobar, Executive Director
Armando Chapa, Secretary
Carlos Valdez, City Attorney
Jay Reining, Assistant City Attorney
Cindy O'Brien, Interim Asst. City Manager
Margie Rose, Assistant City Manager
A. Called meeting to order -President Salazar called the meeting to order at 3:03 p.m.
B. Roll Call - President Salazar verified that the necessary quorum of the Board were
present to conduct the meeting.
C. Approval of Minutes - Mr. Tamez made a motion to approve the minutes of February
15, 2010, seconded by Mr. Escobedo and passed.
2. Closed session under &551.087 of the Texas Government Code to discuss or
deliberate reaarding commercial or financial information that the Board has
received from, or to deliberate the offer of a financial or other incentive to, a
business prospect that the Board seeks to have locate, stay, or expand in or near
the city and with which the Corporation is conducting economic development
negotiations, with possible discussion and action in open session.
Ice Rays
First American Corporation
President Salazar announced the closed session. The Corporation went into closed
session. The Corporation returned from closed session.
President Salazar announced that no action was taken on First American Corporation.
President Salazar asked for comments from the owners of the Corpus Christi Ice Rays.
Pat Dunn, Vice President/General Manager and Brent Chesney, Vice President/General
Counsel spoke regarding the business plan and financials submitted during the closed
session. Mr. Chesney said the funding would be used to upgrade and increase sales
efforts through additional sales staff; provide a better quality of life; and become more
involved with the community.
The following topics pertaining to this item were discussed: the arrangement with the
Hooks organization; whether the Ice Rays manage any aspect of the American Bank
Center facility; the aspects of the business plan; how additional staffing would improve
and generate sales; the number of staff that will be added and their salaries; the cost to
put a better product on the ice; the deadline presented to the Board; the precedence this
funding would present for other tenants of the arena; consideration of an incentive based
subsidy; the return on investment; the cost to the Ice Rays organization to practice in
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March 22, 2010 -Page 2
out-of-town facilities; historical data on attendance and revenues; and the percentage of
revenues the Ice Rays receive from concessions and parking.
Mr. Lomax made a motion to request that Double Puck provide for consideration by the
Board and SMG an incentive based, self-funding financial plan that provides relief
towards the $400,000 requested. The motion was seconded by Mr. Edwards and
passed.
Mr. Chesney stated for the record that he was appearing in his own personal capacity as
a private citizen and not in his capacity as a city council member.
4. Motion approving the Business Incentive Aqreement between the Corpus Christi
Business and Job Development Corporation and Coastal Bend Workforce
Development Board for Promotion of the Small Business Student Intern Programs
at Texas A & M University -Corpus Christi and Del Mar College -There was no
discussion on this item. Mr. Tamez made a motion to approve the business incentive
agreement, seconded by Mr. Escobedo and passed.
5. Motion authorizina the Second Amendment to the Affordable Housing Program
Aqreement between the Corpus Christi Business and Job Development
Corporation, the City of Corpus Christi, and Vanguard Hall Consulting Firm, Inc.,
for a homebuyer assistance project to increase the authorized rang of sale prices
of the single family homes from "85,000 to $95,000" to "$109,000 to $119,605". -
Director of Neighborhood Services Eddie Ortega explained that Vanguard is requesting
to increase the sales price for the range of homes.
Patricia Noyola, Vanguard Hall Consulting Firm, spoke regarding the request for the
increase in sales price for the range of homes. Ms. Noyola also addressed
communications with staff regarding the changes in the sales price limit.
The following topics pertaining to this item were discussed: inconsistencies in the sales
price limit; federal guidelines; whether the median price could be determined at the time
a contract is signed; and the median family income.
A brief discussion ensued regarding the median price for homes and guidelines set by
HUD. Mr. Ortega stated that staff would be providing a future agenda item to establish a
set median purchase price.
Mr. Edwards made a motion the amend the motion to authorize the Second Amendment
to the Affordable Housing Program Agreement between the Corpus Christi Business and
Job Development Corporation, the City of Corpus Christi, and Vanguard Hall Consulting
Firm, Inc., for a homebuyer assistance project to increase the authorized rang of sale
prices of the single family homes from "85,000 to $95,000" to the maximum price set by
HUD ($128,606). The motion was seconded by Mr. Escobedo and passed.
3. Financial Report -Interim Assistant City Manager Cindy O'Brien presented the sales
tax report updated through January sales, February collections, and March allocations;
cash flow statements; and inception reports for the arena, seawall, and economic
development funds.
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March 22, 2010 -Page 3
A motion was made by Mr. Lomax to approve the financial report, seconded by Mr.
Escobedo and passed.
6. Discuss the utilization of funds for recruiting new employees and new lobs to
Corpus Christi - Mr. Edwards stated that he requested this item to see if the Board
could develop a website or print information with an overview of Corpus Christi for
recruitment of people to the City. Interim Director of Economic Development Emily
Martinez stated that the Economic Development Office is in the process of launching a
new website promoting the assets and incentives offered in the City. Mr. Edwards
clarified that the proposed website should include the assets in the community and
reasons why someone would want to live in Corpus Christi.
Assistant City Attorney Jay Reining stated that funds can be spent on promotional
activities. President Salazar nominated Mr. Edwards and Mr. Escobedo to compile
examples for the development of a promotional idea to bring to the Board for
recommendation.
H. Public Comment: None.
Adjournment: There being no other business to come before the board, President
Salazar adjourned the meeting at 5:43 p.m.