The URL can be used to link to this page

Home My WebLink AboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 08/16/2010R MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION {TYPE A) REGULAR MEETING CITY HALL -COUNCIL CHAMBERS AUGUST 16, 2010 - 3:00 P.M. PRESENT: Members: Eloy Salazar, President Brad Lomax, Vice President Foster Edwards Adolfo (Butch) Escobedo Robert Tamez Staff: T Angel R. Escobar, Executive Director Armando Chapa, Secretary Carlos Valdez, City Attorney Cindy O'Brien, Interim Asst. City Manager Margie Rose, Assistant City Manager Emily Martinez, Economic Development A. Called meeting to order -President Salazar called the meeting to order at 3:08 p.m. B. Roll Call - President Salazar verified that the necessary quorum of the Board were present to conduct the meeting. Approval of Minutes - Mr. Tamez made a motion to approve the minutes of June 21, 20~ 0, seconded by Mr. Escobedo and passed. 2. Closed session under §551.087 of the Texas Government Code to discuss or deliberate regarding commercial or financial information that the Board has received from, or to deliberate the offer of a financiial or other incentive to, a the city and with which the Corporation is conducting econom negotiations, with possible discussion and action in open session. APAC President Salazar announced the closed session. The Corporation went into closed session. The Corporation returned from closed session. No action was taken. 3. Financial Report -Interim Director of Financial Services Constance Sanchez presented the sales tax report updated through June sales, July collections, and August allocations, the cash flow statements, and the commitment reports for the economic development fund. The following topics pertaining to this item were discussed: the audit adjustment refund; the funds available to award for affordable housing; legal opinion that the funds available to award were never committed and no longer available under the ballot language; the difference between the cash balance and the fund balance for major business incentives; and the funding available for the small business projects. President Salazar requested that staff provide the ballot language stating that the un- programmed funds from affordable housing from previous years can not be used for affordable housing. Mr. Edwards asked staff to research options that would to allow the Board to spend the funds available for affordable housing. Type A Meeting August 16, 2010 -Page 2 A motion was made by Mr. Lomax to approve the fiinancial report, seconded by Mr. Tamez and passed. 4. Motion authorizing the sale of the following properties; Trac# 1: Lot 5-c, Block 9, Extension to South End Addition (1719 Coleman) and Tract 2: The North 60 fee# of the West 29.808 feet of the West 57.808 feet of Lots 4 & 5, Block 9. Extension to South End Addition (1721 Coleman) in the amount of $2,775.00 to Margarita I. Guevara. -Director of Neighborhood Services Eddie Ortega stated that the Model Block Program purchased two foreclosed vacant lots with funds awarded by the Board in the amount of $4,000. Mr. Ortega added that the properties are too small to be developed and staff is requesting that the land be sold to the abutting property owner, Margarita I. G uervara. The following topic pertaining to this item was discussed: the appraisal of the property. Mr. Lomax made a motion to authorize the sale of the properties, seconded by Mr. Tamez and passed. 5 . I" ` +w r7 ,. +~.,., ..w iww:l:+'ww. wail w„+L,wri~:nc, w - - ' +I~w /~wr,wrwl RAwr,wr.wr +.~. +rw r.wFwr " D en CGT.T. 7 LCS.ugc rearm C7rii7 ~ G77G ifLfCTf VTfL77 T~ [1 ~4 QGT~ GT~T~1RTfR~~. ~[P LTR7TJT4T @ ASI AAA Fr.~,r, C„r..J 4.14A Arwr.w Cw..:1:+., C..wrl +~ C..n,+ A7•IA 1/:~.:+wrc.~ Cw..:l:+:sc. C...,,J A .Y~.-J:.--. il-. /~~...-~~~L:.-...7.- ~f A,fA ~fA.lA 1.. ..J.. wi k.. .... w..www.....~. w...~...w..... wi:w.. N.. 99 -Executive Director Escobar requested that this item be pulEed and placed on next month's agenda. 6. Motion authorizins~ the Corporation's Executive Director by exchange of letters with Nueces County Community Action Aaency, to authorize an amendment to the _Affordable Housing Protect Agreement for the Acauisi#ionlRehabilitationlResale of existing homes, relating to the timing of performance under the agreement, by extending the expiration date of the agreement from Jul_y_31, 2010 until July 31, 2012, as authorized by Section 8.b. of the Affordable Housing Proiect Agreement. Director of Neighborhood Services Eddie Ortega stated that staff was in support of extending the contract for atwo-year period. Mr. Tamez made a motion to extend the expiration of the agreement to July 31, 2012, seconded by Mr. Edwards and passed. 7. Motion authorizing the Corporation's Executive Director by exchange of letters with Habitat for Humanity -Corpus Christi, inc., to authorize a minor amendment to the Affordable Housing Proiect Agreement for new home construction, relating to the timing of performance under the agreement, by extending the expiration date of the agreement from Julv 31, 2010 until February 28, 2011, as authorized by Section 8.b. of the Affordable Housing Proiect Agreement. -- Director of Neighborhood Services Eddie Ortega stated that this item was similar to Item 6 and staff is recommending approval to extend the expiration date. Mr. Edwards made a motion to extend the expiration date until February 28, 2011, seconded by Mr. Tamez and passed. Type A Meeting August 16, 2010 -Page 3 8. Motion authorizing the first amendment to the Affordable Housing Program Agreement be#ween the Corpus Christi Business and Job Development Corporation, the City of Corpus Christi and Coastal Bend Center for Independent Living for the Home of Your Own Program that extends the term of the agreement from Julv 31, 2010 until January 31, 2011 and increasing the amount of assistance from 20 D00 er homebu er to 40 000 er homebu er. -Director of Neighborhood Services Eddie Ortega explained that the Coastal Bend Center for independent Living (CBCIL) is requesting an extension of the agreement to January 31, 2011 for the Home of Your Own Program. Mr. Ortega added that the initial grant was far $80,000 to assist four eligible homeowners up to $20,000 each with down payment and closing cost assistance. Mr. Ortega reported that in addition to the extension, CBCIL is requesting consideration to change the scope of the contract to fund two individuals up to $40,000. Mr. Ortega expressed staff's concern with the lack of inactivity on the program. Judy Telge, CBCIL, explained that CBCIL assists people with disabilities that are lower income and have higher expenditures. Ms. Telge added that CECIL has had difficultly finding eligible applicants and only two have been approved that meet the requirements. Ms. Telge said that in order to expend these funds to serve the lowest income group, CBCIL is requesting two households be assisted at $40,000. The following topics pertaining to this item were discussed: whether the appropriated funds can be reprogrammed and used for another project; the amount generally allotted per household; the reason the applicant is requesting $40,000 per household; whether applicants can be assisted with HOME funds; the size and price of the homes; if CBCIL could work with Habitat for Humanity; whether allocating $40,000 would set a precedence for future awards; where the current applicants live now; staff's recommendation; inactivity of the program; and denial of the request to change the scope of the contract. Mr. Ortega stated that staff has concern with setting a precedence with allocating $40,000 to one pa#ential homeowner and the inactivity of the program. Mr. Lomax made a motion to approve the extension of the current contract for six months until January 31, 2011, seconded by Mr. Edwards and passed. 9. Motion authorizing the Corpus Chris#f Business and Job Development Corporation to terminate the business incentive agreement for construction and operation of a dry rack boat storage proiect and de-obligate the $300,000 incentive award previously approved for S & G Marina, L.L.C. (Bluff Bay Marina). -Emily Martinez, Economic Development, stated that S & G Marina has had problems with financing and finding additional equity due to the turn in the economy. Ms. Martinez added that the property S & G Marina had previously acquired is now up for sale. Mr. Lomax made a motion to terminate the agreement with S & G Marina, L.L.C. and de- obligate the incentive award, seconded by Mr. Tamez and passed. 10. Discussion regarding a status update on the Seawall Condition Assessment - Director of Engineering Services Pete Anaya provided a brief status update on the seawall condition assessment including the execution of a contract with HDR Type A Meeting August 96, 2010 -Page 4 Engineering and In-depth Consulting for underwater surveying of the structure and above ground inspections. Mr. Anaya added that HDR fs 40% complete with the above ground inspection and In-depth Consulting will start the underwater survey this week. Mr. Anaya stated that staff will provide the report to the Board on September 20'h. H. Public Comment: None. Mr. Edwards requested an agenda item on the status on the changes to the City's Economic Development Department. Adjournment: There being no other business to come before the board, President Salazar adjourned the meeting at 4:18 p.m,