HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 12/12/2011MINUTES
CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A)
REGULAR MEETING
CITY HALL — COUNCIL CHAMBERS
DECEMBER 12, 2011 — 3:00 P.M.
PRESENT:
Members
Eloy Salazar, President
Robert Tamez, Vice President
Adolfo (Butch) Escobedo.
Staff
Margie Rose, Assistant City Manager
Jay Reining, Assistant City Attorney
Armando Chapa, Assistant Secretary
Constance Sanchez, Finance
ABSENT
Foster Edwards, Secretary
R. Bryan Gulley
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.
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 (Edwards and Gulley
absent).
D.2. Closed session under §551.087 of the Texas Government Code to discuss or
deliberate regarding commercial or financial information pertaining to Project
F[iciht 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. President Salazar announced the closed session. The Corporation went into
closed session. The Corporation returned from closed session. Emily Martinez, Corpus
Christi Regional Economic Development Corporation (EDC), explained that Kanon
Services Inc. (Project Flight) is requesting a $120,000 grant payable over five (5) years
period for the creation of 40 job in the oil and gas field. Kanon Services, LLC
representatives Damon Perrin, Oscar Gonzalez, Gina Gonzalez and Wes Thomas
provided a brief overview of the company's operations.
The following topics pertaining to this item were discussed: Eagle Ford Shale and the
fracking process.
Mr. Tamez made a 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 was seconded by Mr.
Escobedo and passed (Edwards and Gulley absent).
E.3. Financial Report — Interim Director of Financial Services Constance Sanchez presented
the sales tax report updated through November 2011; the inception reports; the cash
flow statements; and the commitment reports for the economic development fund.
INDEXED
Type A Meeting
December 12, 2011 - Page 2
The following topics pertaining to this item were discussed: the audit adjustment and the
status of the Majek Boats project.
A motion was made by Mr. Tamez to approve the financial report, seconded by Mr.
Escobedo and passed (Edwards and Gulley absent).
4. Update: Texas A &M University-Corpus Christi AMU -CC research lab grant - Dr.
Trent Hill, Vice President of Institutional Advancement at TAMU -CC, provided an
explanation on the issues regarding the contract between the Corporation and TAMU -CC
including the City's requirement for verification of employment, the university being
prohibited by law to release the information of graduate and post - doctorate students, and
the students signing a release waiver to work in the lab; and several projects the
research labs are developing.
5. Discussion and possible action regarding the regular 2012 meeting dates:
Assistant City Manager Margie Rose provided a list of regular meeting dates for 2012.
Mr. Tamez made a motion to adopt the 2012 meeting dates as recommended by staff,
seconded by Mr. Escobedo and passed (Edwards and Gulley absent).
F. Presentation Items -None.
G. Public Comment - None.
President Salazar requested a report on the seminar attended by board members and
staff.
H. Adjournment There being no other business to come before the board, President
Salazar adjourned the meeting at 3:43 p.m.