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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 11/14/2011MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL — COUNCIL CHAMBERS NOVEMBER 14, 2011 — 3:00 P.M. PRESENT: Members Eloy Salazar, President Robert Tamez, Vice President Foster Edwards, Secretary Adolfo (Butch) Escobedo R. Bryan Gulley Staff Rudy Garza, Assistant City Manager Jay Reining, Assistant City Attorney Armando Chapa, Assistant Secretary Martha Messer, Finance A. Called meeting 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. C.1. Approval of Minutes - Mr. Tamez made a motion to approve the Regular minutes of October 17, 2011, seconded by Mr. Escobedo and passed. Mr. Edwards made a motion to reconsider Item 5 from the October 17, 2011 meeting regarding the Craft Training Center (CTC). The motion was seconded by Dr. Gulley. The following topics pertaining to this item were discussed: concern that the CTC should have received the full funding requested in the amount of $2.5 million; the CTC using the funding provided to leverage additional partners; and having the CTC provide a progress report on the project for consideration of additional funding. The motion for reconsideration failed with the following vote: Edwards voting "Aye "; Salazar, Escobedo, Gulley, and Tamez, voting "No ". D. Election of Officers — Mr. Escobedo made a motion to reappoint Eloy Salazar as President, seconded by Dr. Gulley and passed. Mr. Escobedo made a motion to nominate Robert Tamez as Vice President, seconded by Dr. Gulley and passed. Mr. Escobedo made a motion to nominate Foster Edwards as Secretary, seconded by Dr. Gulley and passed. 2. f=inancial Report — Acting Comptroller Martha Messer presented the sales tax report updated through October 2011; the cash flow statements; and the commitment reports for the economic development fund. A motion was made by Mr. Escobedo to approve the financial report, seconded by Mr. Tamez and passed. F. President Salazar announced the Closed Session items as follows: 3.. Closed session under §551.087 of the Texas Government that the Board has received from, or to deliberate the offer of a financial or other INDEXED Type A Meeting November 14, 2011 — Page 2 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 ol2en session. 4.. Closed session under §551.087 of the Texas Government Code to discuss or deliberate regarding commercial or. financial information oertainlina to Pro'ect Flight 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 ga 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. The Corporation went into closed session. The Corporation returned from closed session. Mike Culbertson, Corpus Christi Regional Economic Development Corporation (EDC), introduced the MotorGlobe project and provided information on the establishment of the headquarters in Corpus Christi; creation of jobs; the grant request; and the terms of the contract. Mr. Tamez made the following motion regarding Item 3, seconded by Mr. Edwards: 3. Motion awarding Project HQ $125,000 in Type A Funds payable in five (5) annual payments of $25,000 or $2,500 per job created to aid Project HQ in the establishment of its corporate headquarters in Corpus Christi, Texas. The foregoing motion was passed . and approved with the following vote: Salazar, Edwards, Escobedo, Gulley, and Tamez, voting "Aye ". President Salazar opened discussion on Item 4. Emily Martinez, EDC, explained that Project Flight is an oil field services company and provided information including the retention of four (4) jobs; creation of 36 jobs; the average annual salary; and the recommendation by the EDC board to approve the agreement. The following topics pertaining to this item were discussed: whether there is a possibility that Project Flight will not locate in Corpus Christi if the incentive is not given; Project Flight currently leasing office space; future plans for Project Flight to build a local yard to house equipment; the timeframe before Project Flight would establish their local facility; and how the EDC determines the return on investment. Mr. Tamez made the following motion regarding Item 4: 4. Motion awarding Project Flight $120,000 in Type A funds payable in five (5) annual payments of $24,000 or $3,000 per job created to aid Project Flight in the establishment of a new facility in Corpus Christi. The motion failed for lack of second. G. Public Comment - None. H. Adjournment There being no other business to come before the board, President Salazar adjourned the meeting at 4:03 p.m.