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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 09/20/2010MINUTES CORPUS CHRISTI BUSINESS-AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL -COUNCIL CHAMBERS SEPTEMBER 20, 2010 - 3:00 P.M. PRESENT: Members: Eloy Salazar, President Brad Lomax, Vice President Adolfo {Butch) Escobedo Robert Tamez ABSENT Poster Edwards Staff: T- Angel R. Escobar, Executive Director Armando Chapa, Secretary Jay Reining, Assistant 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 3:10 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 August 16, 2010, seconded by Mr. Escobedo and passed (Edwards absent). H. Public Comment: Terry Hale, Career Services at Texas A & M University -Corpus Christi, introduced Gracie Martin with the Ensemble Group who spoke in support of the internship program and the benefit the program has to small businesses and students. 2. Closed sessiion 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 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. IceRays President Salazar announced the closed session. The Corporation went into closed session. The Corporation returned from closed session. President Salazar asked to hear comments #rom the IceRays regarding their request. Pat Dunn, 1ceRays General Manager, stated that the IceRays are seeking financial assistance in the amount of $50,000 for a voucher program to help increase attendance and create jobs. Mr. Dunn provided a brief overview of the IceRays business model; league changes; job creation; "The Intern" program; and community involvement and contributions. The following topics pertaining to this item were discussed: the current business model; the goals for the three (3) sales representatives; the contributions to the community; the assistant coach position; the quantifiable attendance numbers; the attendance far the IceRays at the Memorial Coliseum; and the number of events. ~~~~~~ Type A Meeting September 2D, 2010 -Page 2 Mr. Tamez made a motion to authorize the Executive Director to expend $50,000 from the Arena Marketing Co-Promotion Fund to provide an additional $50,000 rent subsidy in addition to the $50,000 authorized in 2009, to Triple Puck Sports, dba the Corpus Christi IceRays, in return, for the IceRays distributing a total of $200,000 in ticket vouchers ($100,000 under the 2009 agreement and $100,000 from the 2010 agreement) plus the IceRays must hire three (3) additional full-time sales personnel to their staff. The Executive Director is also authorized to agree to the assignment of the 2009 agreement to Triple Puck Sports. The motion was seconded by Mr. Lomax and passed (Edwards absent). 3. Financial Report -Assistant City Manager Cindy O'Brien presented the sales tax report updated through July sales, August collections, and September aNocations, the cash flow statements, and an analysis of revenues and expenditures for the seawall, arena and economic development funds and the commitment reports for the economic development fund. A motion was made by Mr. Lomax to approve the financial report, seconded by Mr. Tamez and passed (Edwards absent). G. Presentations Status update on the Seawall Condition Assessment - Director of Engineering Services Pete Anaya introduced Michael Kriber with HDR Engineering who presented the progress report on the above ground assessment. Mr. Kriber referred to a powerpoint presentation including the seawall construction segments; the condition assessment tasks; the typical seawall cross-section; the results of the assessment; and upcoming tasks. The following topics pertaining to this item were discussed: the levee assessment and future recommendations. Status update on food and beverage agreement with SMG -Assistant City Manager Margie Rose stated that the Board requested an update from SMG on the status of Centerplate and SMG as it relates to the new agreement. General Manager of the American Bank Center Jim Salamenta reported that Centerpiate and SMG have a good working relationship and SMG is seeing a greater return financially. The following topics pertaining to this item were discussed: the percentage of financial improvement and the working arrangement. Status upda#e on changes to the Economic Development Department - Interim Director of Economic Development Emily Martinez explained that during the budget process, the City Council consolidated the Economic Development Department services and transferred the functions to the Corpus Christi Regional Economic Development Corporation (EDC). Ms. Martinez provided a draft of the responsibilities for administration that will be presented to the City Council for Type A Meeting September 20, 2010 -Page 3 approval on September 28t" or October 12th. Ms. Martinez stated that Assistant City Manager Margie Rose will be the liaison for the board. Affordable Housing ballot language -Assistant City Attorney Jay Reining provided the Board with the ballot language for Proposition No. 2B, Affordable Housing. Mr. Reining stated that Proposition 2B states that if the proposition is adopted, the City Council commits to use the entire $800,000 far affordable housing so long as there are projects for which that amount can reasonably be used. Mr. Reining added that in 2006-2007, the Board never allocated any funds to projects and therefore the Board can not spend that money. The following topics pertaining to this item were discussed: where in the ballot language it states that the funds can nat be carried over; staff's error to neglect to notify the board of this funding; and whether the Board can appeal to a higher authority. President Salazar directed staff to place an item on the agenda for next month's meeting to allow the Board to make a recommendation on whether to use the additional affordable housing funds, with final approval by the Council. Adjournment: There being no other business to come before the board, President Salazar adjourned the meeting at 5:15 p.m.