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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 06/20/2011MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL — COUNCIL CHAMBERS JUNE 20, 2011 — 3:00 P.M. PRESENT: Members: Eloy Salazar, President Foster Edwards Robert Tamez ABSENT Brad Lomax, Vice President Adolfo (Butch) Escobedo Staff Ron Olson, Executive Director Jay Reining, Assistant City Attorney Margie Rose, Assistant City Manager Constance Sanchez, Finance Emily,Martinez, Economic Development A. Called meeting to order — President Salazar called the meeting to order at 3:09 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 Regular minutes of May 16, 2011, seconded by Mr. Edwards and passed (Escobedo and Lomax were absent). 2. Financial Report — Interim Director of Financial Services Constance Sanchez presented the sales tax report updated through May 2011; the cash flow statements; inception reports and the commitment reports for the economic development fund. The following topics pertaining to this item were discussed: the deduction for the seawall preventive maintenance; the seawall improvement items that were not approved by City Council; consideration to place the seawall preventive maintenance on the Council agenda for action; the four seawall projects approved by the Type A Board; Council Member Mark Scott's request to further explore using the seawall funds to providing further enhancements to the seawall complex or to use the balance of the funds to pay off bonds early and seek voter approval to use sales tax for street maintenance fund; and the status of the Charlie's Place, APAC, and Majek Boats projects. Executive Director Olson stated that staff will place the seawall preventive maintenance issue on the Council agenda. A motion was made by Mr. Edwards to approve the financial report, seconded by Mr. Tamez and passed (Escobedo and Lomax were absent). ZA This item was INDEXED Type A Meeting June 20, 2011 - Page 2 postponed by staff due to a lack of quorum (President Salazar and Mr. Edwards would have to abstain from this item). 4. assist small and staFt up busiinesses that have the ability to produGe !Gba -in the the development and expans-on of. smiall business and start-up _ - This item was postponed by staff due to a lack of quorum (Mr. Edwards would have to abstain from this item). 5. Discussion with possible action, authorizing ACCION to grant loans to existing small businesses which have been in business for longer than five years, and whether the Corporation's Guidelines & Criteria For Granting Business Incentives should be amended to clarify the eligibility criteria for small business incentive grants should distinguish _between existing small businesses and start -up small businesses, — Assistant City Attorney Jay Reining provided a brief overview of the proposed language changes to the contract and amendment to the guidelines. Mr. Edwards made a motion authorizing. ACCION to grant loans to existing small businesses, which have been in business for longer than five years, and whether the Corporation's Guidelines & Criteria For Granting Business Incentives should be amended to clarify the eligibility criteria for small business incentive grants should distinguish between existing small businesses and start -up small businesses, seconded by Mr. Tamez and passed (Escobedo and Lomax were absent). 6. Update on the status of the "Builders New Construction" and "Existing Inventory" Affordable Housing Programs — Hector Vallejo, Neighborhood Services, provided information on the expended funds; committed funds; and the fund balances for the Builders New Construction and the Existing Inventory Programs. The following topics pertaining to this item were discussed: the balance projected for the end of the fiscal year for the builders new construction program; options to improve the affordable housing program; the issue with lending becoming more difficult for homebuyers; consideration to increase the down - payment amount to $30,000; and ways to advertise the program. 7. Discussion, with possible action, on the authorized uses of seawall sales tax funds — Assistant City Attorney Jay Reining provided language of the ballot ordinance and the bond documents regarding the use of the seawall sales tax funds. The following topics pertaining to this item were discussed: the area considered the seawall property; whether the area beyond the Holiday Inn Emerald Beach is included in the seawall and the entity responsible for the maintenance of that area; the $4 million preventive maintenance for the seawall; contract negotiations between the City and HDR Engineering; when the seawall improvements were completed; whether there were Type A Meeting June 20, 2011 — Page 3 conversations with bond counsel to use the seawall funds for Destination Bayfront; and the status of the Shoreline Realignment Project. 8. Discussion, with possible action, on the future uses of the Corporation funds for economic development - Roland Mower, CEO of the Corpus Christi Regional Economic Development Corporation, stated that he visited with President Salazar on identifying key areas for future funding including the following considerations: 1)investing in the Craft Training Center; 2) funding comprehensive strategy for small businesses or economic gardening; 3) allocate funding for extending water north of the Ship Channel; and 4) directing Legal Counsel to work with the EDC to draft a specification building program. The following topics pertaining to this item were discussed: the Craft Training program; whether the EDC considered the purchase for land; projects in the pipeline that will need the extension of water north of the Ship Channel; economic gardening; job training programs; and future major business incentive projects. President Salazar opened discussion on Supplemental Agenda Items S.1, S.2, and S.3. regarding the FY2011 -2012 Corpus Christi Business and Job Development budget. S.1. Motion amending the _Corpus Christi Business and Job Development Corporation's FY2011 -2012 budget to approve an increase in the anticipated revenues in the No. 1120 Seawall Fund. S.2. Motion amending the Corpus Christi Business and Job Development Corporation's FY2011/2012 budget to approve an increase in the anticipated revenues in the No. 1130 Arena Facility Fund. S.3. Motion amending Corpus Christi Business and Job Development Corporation's FY2011 -2012 budget to approve an increase in the anticipated revenues in the No. 1140 Business & Job Development Fund. Assistant Director of Budget Eddie Houlihan explained that staff is requesting to amend the three funds by increasing anticipated revenues by approximately $88,000 in each fund. Mr. Edwards made a motion to approve the amendment to the budget as presented by staff, seconded by Mr. Tamez and passed (Escobedo and Lomax were absent). G. Public Comment - Jim Needham, Texas A & M University - Corpus Christi Internship Program, provided an update on the internship program. Mr. Needham stated that the goal is to increase participation by new business and continue to grow new jobs. President Salazar requested that this item be placed on a future agenda for discussion. H. Adiournment There being no other business to come before the board, President Salazar adjourned the meeting at 4:31 p.m.