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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 07/18/2011MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL — COUNCIL CHAMBERS JULY 18, 2011 — 3:00 P.M. PRESENT: Members Eloy Salazar, President Brad Lomax, Vice President Foster Edwards Adolfo (Butch) Escobedo Robert Tamez Staff Margie Rose, Assistant City Manager Jay Reining, Assistant City Attorney Armando Chapa, Secretary Constance Sanchez, Finance Emily Martinez, Economic Development A. Called meetinq to order — President Salazar called the meeting to order at 3:05 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. 2... Financial Report — Interim Director of Financial Services Constance Sanchez presented the sales tax report updated through June 2011; the cash flow statements; and the commitment reports for the economic development fund. The following topics pertaining to this item were discussed: the funds to be awarded for affordable housing; Council action on Majek Boats; and the de- commitment of funds for Charlie's Place. A motion was made by Mr. Lomax to approve the financial report, seconded by Mr. Escobedo and passed. 3. Motion to amend the Corporation's Guidelines & Criteria For Granting Business Incentives to authorize business incentive grants to the chambers of commerce and other non - profit entities for programs that will assist small and start -up business that have that ability to produce lobs in the future, Including authorizing- the chambers of commerce and other non-profit entities to use of interns funded by the Corporation for the programs the assist the development and expansion of small business and start -up businesses Mr. Edwards announced that he would abstain from the discussion and vote on this item. Assistant City Attorney Jay Reining explained that this item amends the guidelines and criteria by adding a section regarding non - profits and other entities that assist small business. Mr. Tamez made a motion to approve the motion as presented by staff, seconded by Mr. Escobedo and passed (Edwards abstained). President Salazar opened discussion on Items 4 — 7. Emily Martinez, Corpus Christi Regional Economic Development explained that Items 4 through 7 include approval of the small business contracts discussed during the budget process. INDEXED Type A Meeting July 18, 2011 - Page 2 Motion authorizing the President to execute a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Del Mar College, which provides a grant of up to $173,223.00 for an intern program to support small businesses and a Project Support Agreement with the City of Corpus Christi regarding implementation and administration of the Del Mar Small Business Incentives Agreement and appropriating $173,223.00 from the Corporation's small business economic development funds for the rant. Motion authorizing the President to execute a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Texas A & M University - Corpus Christi, which provides a grant of up to $190,635.00 for an intern program to support small businesses and a Project Supl2ort Agreement with the City of Corpus Christi regarding implementation and administration of the Texas A & M University - Corpus Christi Small Business Incentives Agreement and appropriating $190.635.00 from the Corporation's small business economic development funds for the grant , 6. Motion authorizing the President to execute a Small Business Incentives Agreement between the Corpus Christi Business and Job Development Corporation and Accion Texas, Inc., which provides grants of up to $400,000.00 for the interest buy-down and grant programs for small businesses and a Small Business Incentive Project Support Agreement with the Corpus Christi Business and Job Development Corporation regarding implementation and administration for the grant - Motion authorizing the President to execute an agreement to grant small business incentives between the Corpus Christi Business and Job Development Corporation and Score Chapter 221, which grants $50,000 in small business incentives for the operation of a program to assist small and start -up businesses in Corpus Christi and a Small Business Incentives Project Support Agreement with the Corpus Christi Business and Job Development Corporation regardin Implementation and administration of the agreement to grant small business incentives and appropriating $50,000 from the Corporation's small business economic development_ funds for the grant. - - - Mr. Tamez made a motion to approve Items 4 -7, seconded by Mr. Escobedo and passed. 8. Motion amendona the Corneraflon' 409.00 on exp enditum I n OFF Air. 15020 Small $300.000 fGF a PFGqFam by the C-hambOF'S Sma Bus Coune that w rerrult a ll h,, - President Salazar and Mr. Edwards Type A Meeting July 18, 2011 - Page 3 recused themselves from this item. Corpus Christi Chamber of Commerce representatives Foster Edwards and Debbie Lindsey -Opel explained that this item is requesting $300,000 for a program by the Chamber's Small Business Council for recruiting, creating, and expanding small business in Corpus Christi and provided information on the background, methodology, budget, and outcomes of the program. The following topics pertaining to this item were discussed: the difference between this program and the program provided by the Hispanic Chamber of Commerce; the specific targets for the program; the assurances over the two year period on the outcome; concern with duplication of serves; the Small Business Council; the definition of small business; recruitment efforts; and clawback provisions in the contract with the contract provisions are not met. Vice President Lomax called for the question. The foregoing motion failed with the following vote: Lomax voting "Aye "; Escobedo and Tamez voting "No "; Salazar and Edwards abstained. 9. Metmon foguesting the Cor130FatmOW oroeedUfea tG FGfUnd the COF130Fat'OR'S seawall bonds. Th motion is based , the assumpflen that- i.�_e seawall bonds should be refunded w 5-vw 08F 00 Catv to vay off the bends - A thee earl ava date. but the seawall bGrtds should be RfUndled wath 10-V88F 138F Gall bonds, li f the QtV CGUnG deta-m ilhat amax. -- Interim Director of Finance Constance Sanchez provided a brief overview of the sales tax language in the Local Government Code; the sales tax authorized by the voters for the seawall improvements, arena facility, and economic development; the call back options; and refinancing opportunities. A brief discussion ensued regarding the maintenance of the seawall; the refinancing options and postponing the vote on this item until the City Council has received a presentation on the seawall. Mr. Tamez made a motion to postpone action on Item 9, seconded by Mr. Lomax and passed. G. Public Comment - None. President Salazar thanked Vice President Lomax for his years of service on the Type A board. H. Ad'ournment There being no other business to come before the board, President Salazar adjourned the meeting at 4:34 p.m.