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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 07/16/2012MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL -- COUNCIL CHAMBERS JULY 16, 2012 -- 3.00 P.M. PRESENT: Members Eloy Salazar, President Robert Tamez, Vice President Foster Edwards, Secretary Adolfo (Butch) Escobedo R. Bryan Gulley Staff Margie Rose, Assistant City Manager Charlotte Yochem, Assistant City Attorney Armando Chapa, Assistant Secretary Constance Sanchez, Finance 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 June 18, 2012, seconded by Mr. Escobedo and passed. 2. Financial Report — Director of Financial Services Constance Sanchez presented the sales tax report updated through June; the cash flow statements; and the commitment reports for the economic development fund. A motion was made by Mr. Edwards to approve the financial report, seconded by Mr. Tamez and passed. 3. Motion to approve the transfer of $175,000 from the Unreserved Fund Balance in the Seawall Fund #1120 to the No. 3271 Seawall Type A CIP Fund for professional engineering services to assess the impact of anticipated storm surge along the Corpus Christi Flood Protection System as it relates to FEMA's Flood Insurance Rate Maps, to amend the budget to allow for this funding of $175,000 from the Unreserved Fund Balance in the Seawall Fund #1120 and to appropriate $176,000 from the Unreserved Fund Balance in the Seawall Fund #1120. — Dan Biles, Director of Engineering, explained that this item is requesting the appropriation of $175,000 for HDR Engineering to provide basic professional services, additional data research if necessary and staff costs to assess the impact of the storm surge along the Corpus Christi Flood Protection System. Mr. Edwards made a motion to approve Item 3, seconded by Mr. Tamez and passed. 4. Motion to appropriate 350 000 from the Seawall Fund 1120 unreserved fund balance for professional services for a Barge Dock elevation improvement project previously approved by the Board on March 30, 2009, and to amend the budget to allow for this funding. — Dan Biles, Director of Engineering, explained that this item is requesting the appropriation of $350,000 for the structural analysis of the Barge Dock. Mr. Escobedo made a motion to approve Item 4, seconded by Mr. Tamez and passed. INDEXED Type A Meeting July 16, 2012 - Page 2 5. Discussion of spending of funds from the Business /Job Development Fund #1140 after the tax funding that Fund expires in 2018. — Charlotte Yochem, Assistant City Attorney, reported that the period of duration for the Corporation is until December 31, 2026 and the Board can continue to administer funds after the tax expires in 2018. 6. Discussion of use of Type A funds for other Schlitterbahn waterparks in other Texas cities. — Charlotte Yochem, Assistant City Attorney, informed the Board that many of the various waterparks throughout the state were created prior to communities having Type A or B funds; however, all of the waterparks have some type of incentive agreement. 7. Further discussion and possible action of the marketing and outreach of Type A programs — Assistant City Manager Margie Rose explained that the Board requested that this item be placed on the agenda for future discussion. Ms. Rose said that staff had previously indicated that they did not see a need for marketing of the various programs. Director of Neighborhood Services Eddie Ortega responded to questions regarding the new construction and existing inventory programs; the issues concerning the cost of the homes; finding ways to modify the program to allow for additional funding for the buydown forgivable loan and HUD guidelines. Ms. Rose stated that staff would reevaluate the utilization of the HUD guidelines process and provide options for discussion. Mr. Escobedo made a motion directing staff to come back with a marketing plan to improve the system for the new construction program, seconded Mr. Edwards and passed. 8. Discussion of whether the Ethics Policies apply to the Economic Development Corporation regarding Type A Corporation business. — Charlotte Yochem, Assistant City Attorney, stated that the City's ethics policies do not apply to the Economic Development Corporation (EDC). Ms. Yochem added that the EDC has their own internal code of ethics policies. 9. Discussion and consideration of recommendations to the City Council of applicants for Type A Board positions to be filled upon the expiration of Foster Edwards' term, Eloy Salazar's term and Robert Tamez's term. — Mr. Edwards made a motion to recommend Robert Tamez for reappointment to the Type A Board, seconded by Mr. Escobedo and passed (Tamez abstained). The Board recommended Bart Braselton and Debbie Lindsey -Opel to fill the positions on the Board and requested a copy of the letter informing City Council of the recommendations. 10. Discussion and consideration of appointment of Mr. Robert Tamez to the Evaluation Team for the American Bank Center RPF review. — Mr. Edwards made a motion to appoint Robert Tamez to the Evaluation Team for the American Bank Center RPF review, seconded by Dr. Gulley and passed. 11. Update of list of companies who are Accion Loan Buy -Down program clients for the 2011 -2012 fiscal year. — Mike Culbertson, EDC provided a brief overview of the list of companies who are Accion Loan Buy -Down program clients. Type A Meeting ,duly 16, 2012 - Page 3 12. Discussion of the Craft Training Center of the Coastal Bend's request for a -grant from the Type A Board in the amount of $750,000. - Mike Culbertson, EDC, provided information on the initial grant funding provided to the Craft Training Center for the expansion of the facility. Mr. Culbertson added that at that time, the Board invited the Craft Training Center to request additional funding in the amount of $750,000 to complete the project. Dr. Ann Matula, Director of the Craft Training Center and Chairman Bob Parker were available to respond to questions. President Salazar requested that a special meeting be held on Monday, July 23, 2012 at 4:00 p.m. to take action on this item. 13. Discussion regarding the budget for the remainder of the Economic Development sales tax through 2018 and discussion of performance and compliance under the Business Incentive A reements with further discussion to take ollace at the August Type A meeting. - Assistant City Manager Wes Pierson stated that during the budget discussion at the June meeting, the Board asked questions regarding whether the funds were being spent effectively and if the Board was receiving the best value on the agreements. Mr. Pierson reported that staff is preparing this Information and is scheduled to present the discussion on this item once the incoming board members are appointed. G. Public Comment - Debbie Lindsey -Opel, 700 Everhart, thanked the Board for their consideration to recommend her to the City Council to fill a position on the Type A Board. H. Identify Future Agenda Items - The following items were requested as future agenda items: attendance of new members to economic seminar; marketing for affordable housing; and election of officers. Adjournment There being no other business to come before the board, President Salazar adjourned the meeting at 4:38 p.m.