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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 05/17/2010MINUTES CARPUS CHRISTI gUSINE55 AN^ J06 ^EVEtOPMENT CORPORATION (TYPE A~ REGULAR MEETING CITY HALL -COUNCIL CHAMBERS MAY 17, 201U - 3:OQ P.M. PRESENT: Members: Eloy Salazar, President grad Lomax, Vice President Adolfo {Butch Escvbedo {Arrived at 3:5D p.m.) Robert Tamez ABSENT: Fester Edwards Staff: Angel R. Escobar, Executive Director Armando Chapa, Secretary Carlos Valdez, City Attorney Gindy a'Brien, Interim Asst. City Manager Margie Rose, Assistant City Manager Emiiy Martinez, Economic Development A. Called meetin tv order -President Salazar called the meeting to order at 3:07 p. m. B. Roll Ca11 - President Salazar verified that the necessary quorum of the Board were present to conduct the meeting. C. A raval of Minutes - Mr. Tamez made a motion to approve the minutes of Agri! 19, 2D10, seconded by Mr. Lomax and passed Edwards and Escabedo absent. ^, Closed Session - Nvne. 2. Financial Report -Interim Assistan# City Manager Cindy D'Brien presented the sales tax report updated through March sales, April collections, and May allocations for the arena, seawall, and economic development funds; the cash flow statements; and the commitment reports for the economic development fund. The following topics pertaining to this item were discussed: the funds available to award far affordable housing; the actual commitment remaining for TAMUCC Engineering Program; the status of 6ayshore Technologies project; and anticipated spending far FY09-10. A motion was made by Mr. Lomax to approve the financial report, seconded by Mr. Tamez and passed Edwards and Escvt7edo absent. 3. -Motion confirming the payment of ~9 645.55 to Becker Arena Products,- Inc. for the urchass of Arena Hocks Glass. -- Interim Assistant City Manager O'Brien explained that the first amount an the invoice for $2,993.93 was far glass products purchased prior to the beards approval for use of the maintenance funds and staff believes #hat 5MG should be responsible for this casts. Ms. D'Brien added that an amendment would need to be made tv the motion to reflect this change. The following topics pertaining to this item were discussed: the Board's decision tv table the expenditure for the arena hockey glass; the need for replacement glass panels for this season; and whether the City maintains the product if the IceRay's contract is not renewed. IN~EX~~3 Type A Meeting May 17, 201 Q -Page 2 Mr. Tamez made a motion to amend the payment to 6,652_62 tv Becker Arena Products, lnc. for the purchase of Arena Hockey Glass, seconded by Mr. Lomax Edwards and Escobedv absen#). 4. l3iscussivn and assible action re ardin small business ro'ects for ~01~-71711 Fiscal Year -Interim ^irector of Economic i7evelopment Emily Martinez provided a brief overview of the summary of current programs funded for small business projects; future projects far consideration including a new ACCICN forgivable Ivan program and the Procurement Tech Assistance Center PTAC}; and requested direction on how the Board would like to proceed for FY2010-2011. Sean Smith, PTAC Program Manager, provided an explanation of the functions and services performed at PTAC and the request far funding to support afull-time plan room position. Bob Beanland, ^el Mar Fast Trac program, spoke regarding the problems the program has had with expending the funds with the current can#ract and consideration to changing the language of the contract to create new jobs andlor retain existing jobs. Jae Cisneros, Corpus Christi Regional Economic ^evelopment Corporation, spoke in support of funding the PTAC. The following topics pertaining to this item were discussed: the Wvrksource contract tv assist the intern program; whether the intern programs are receiving assistance from the Chambers; the PTAC contract with the Corpus Christi Army ^epot [CCAD}; the number of positions at PTAC; the annual PTAC budget; the new ACCION grant program; capping the amount for the new ACCI~N grant program; the request from Del Mar Fast Trac program to use the funding to retain existing jobs; whether ^e1 Mar would consider 50°I° of the funding far new jobs and 50°I° far funding retention of jobs; monitoring the retention of jobs for applicants of the Fast Trac program; and changes tv the contract for the in#ern programs to expand the participation of the program. There was a general consensus of the Board tv support the projects as presented by staff in the amount of $983,613. 5. Update ^n the status of currently funded Type A Affordable Housing Prviects - Directvr of Neighborhood Services Eddie Drtega provided a brief update of the current affordable housing programs including the contractual commitments; reprogrammed funds; amounts expended to date; and the balance unpaid but committed to date. Mr. Ortega explained that an extensive audit was performed on the affordable housing program and it was determined that $352,500 is available to award. The following topics pertaining to this item were discussed: the status of the builders' new construction program; whether all builders are expending the full $20,000 for the new construction program; additional funds available tv award; and reprogrammed funds. 6. ^iscussivn and possible action regarding FY10-11 Affordable Housing Prpgram~ including the direc#ivn for the utilization of the annually a{located Type A funds far its Affordable Housing Programs by means of earmarking funds for housing prvfectslprvgrams solicited through the Request for Proposals process; the direct Type A Meeting May 17, 2D1 Q -Page 3 atlocatian thrvu h the bud et recess #or the New Construction Pra ram and other affordable housin rv rams such as a bu er assistance rv rarr~ for existin ar renovated homes• or other rocedures. -Director of Neighborhood Services Ortega explained that this item is requesting direction by the board on how to proceed for the utilization of the allocation of $5DD,DDD, plus the $352,5DD identified as available to award for FY1 D-11. Mr. Ortega explained that the Beard has previously allocated $25D,DDD for housing projects that support the development of affordable housing through a Request for Proposal [RP1=} process and $25D,DDD allocated for the new construction program. Mr. Ortega stated that staff is recommending expanding the affordable housing program with the possibility of funding the purchase of existing homes in addition tv the New Construction Program. A brief discussion ensued regarding the homebuyer assistance for existing homes and financing. President Salazar requested #hat staff bring back some program guidelines far the existing home program. 7. Mvtivn to a rave 21a1U-2fl11 v eratin bud et _ Interim Assistant City Manager O'Brien presented the budgets and debt services far the seawall, arena, and business and job development funds for FY261 D-2D11. The fallowing topics pertaining to this item were discussed: the estimated sales tax; the preventative maintenance far the seawall; the management payment #0 SMG; the fund for capital equipment far the arena; the balance remaining on the existing prvjec#s for major business incentives; the allocation for affordable housing; changes to the small business projects proposed budget amount based vn the board's previous discussion an i#em 4; the total amount for expenditures; and the recommended changes to the budget. Ms. O'Brien stated that the budget would need to be amended to include the following changes: the expenditures for the salt flats levee system and the reserve of $4 million for preventative maintenance in the seawall fund; the allocation of $15D,DDD far capital outlay and the estimated balance far reserve maintenance in the arena fund; and the amendment tv the small business projects. Mr. Lomax made a motion to approve the 2D1D-2D11 operating budget as amended, seconded by Mr. Tamez and passed Edwards absent}. H. Public Comment: None. Adjournment: There being no other business to came before the board, President Salazar adjourned the meeting at 5:D3 p.m.