Loading...
HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 11/12/2012 - SpecialMINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) SPECIAL MEETING CITY HALL — COUNCIL CHAMBERS NOVEMBER 12, 2012 — 3:00 P.M. PRESENT: Members Robert Tamez, President Debbie Lindsey -Opel, Vice President R. Bryan Gulley, Secretary Bart Braselton (arrived at 3:09 p.m.) Adolfo (Butch) Escobedo Staff Oscar Martinez, Assistant City Manager Charlotte Yochem, Assistant City Attorney Armando Chapa, Assistant Secretary Constance Sanchez, Finance A. Called meeting to order — President Tamez called the meeting to order at 3:05 p.m. B. Roll Call — President Tamez verified that the necessary quorum of the Board were present to conduct the meeting. Approval of Minutes —Ms. Opel made a motion to approve the Regular meeting minutes of September 17, 2012 seconded by Mr. Escobedo and passed (Braselton absent). 2. Financial Report — Director of Financial Services Constance Sanchez presented the sales tax report updated through October; the cash flow statements; the commitment reports for the economic development fund; and economic development pro - forma. A motion was made by Mr. Escobedo to approve the financial report, seconded by Dr. Gulley and passed. 3. Presentation of compliance reports for Del Mar College intern Program and the Texas A & M University — Corpus Christi Intern program. — Mike Culbertson, Corpus Christi Regional Economic Development Corporation (EDC), presented the compliance reports for Del Mar College Intern Program and Texas A &M University — Corpus Christi (TAMU -CC) intern programs and reported that both agreements are in full compliance. Beverly Cage, Del Mar College and Dr. Jim Needham, TAMU -CC provided updates on the success of their respective programs. Ms. Opel requested a list of the companies that have utilized the intern program. 4. Motion to authorize de- obligation of the remaining $47.040.33 of the Board's -grant to Del Mar Colle a Northwest Learning Center.- Mike Culbertson, EDC, stated that the Del Mar College Northwest Learning Center did not utilize $47,040.33 of the awarded grant and action is required to de- obligate the funds. Ms. Opel made a motion to approve Item 4, seconded by Mr. Braselton and passed. 5. Motion to approve the renewal of fundinci in the amount of $100,000 for the Ice _Rays 2012 -2013 Voucher Program. — Assistant City Manager Oscar Martinez explained that this item is requesting the renewal of the funding for the 2012 -2013 Ice Rays Voucher Program. Mr. Escobedo made a motion to approve Item 5, seconded by Dr. Gulley and passed. INDEXED Type A Meeting November 12, 2012 — Page 2 6. Discussion regarding existing agreements between the Corpus Christi Hooks baseball team and the Type__A _Board, with possible action. - City Attorney Carlos Valdez reported that the Type A Board provides funding to the City for the baseball stadium and the City entered into the agreements regarding the stadium, therefore there are no existing agreements between the Corpus Christi Hooks baseball team and the Type A Board. 7. Discussion of an y.....audits performed pertaining to anv existing agreements between the Corpus Christi Hooks baseball team and the _Type A Board, including any maintenance performed and actual expenses _paid by the Hooks baseball team, with possible action. - City Attorney Carlos Valdez stated that staff is unaware of any audits performed pertaining to the agreements with the Corpus Christi Hooks. 8. Discussion of City staff's authority to negotiate contracts with the Hooks baseball team and requirements to notify City Council of Type A Board of such negotiations. - City Attorney Carlos Valdez explained that the City Manager or his designee has the general authority under the charter as chief executive officer of the City to negotiate and execute contracts under $50,000 without council approval, unless an issue is deemed an emergency. Mr. Valdez added that there is no requirement to notify the board of any negotiations unless action is required. Mr. Valdez stated that the Type A Board can request that the City respond to questions on the status of contracts only as a matter of information. 9. Item 9 was not listed on the agenda. 10. Discussion of list of investors in the Corpus Christi Baseball Club, LP. - City Attorney Carlos Valdez stated that only the City of Corpus Christi can ask for a list of investors because the City has a contractual obligation. 11. Discussion regarding the Business Ince ntive Agreements, the Business Incentive Project Service Agreement and supporting guidelines. - Assistant City Attorney Charlotte Yochem provided an overview of the the Business and Job Development Corporation guidelines and criteria for granting business incentives and templates for the business incentive agreement and business incentive project service agreement. Ms. Opel requested that in the future staff include an overview memo on the background information presented to the Board. G. Public Comment - None. H. Identify Future Agenda Items - The following items were required to be included on a future agenda: a report from the Economic Development Corporation on any prospective projects forthcoming; a comprehensive update on the status of the evaluation of seawall including the barge dock, next steps and certification of the FEMA maps; and an update on how the Hooks contract is being administered and how effectively City overseeing the asset financed by the Type A Board. I. Adjournment There being no other business to come before the board, President Tamez adjourned the meeting at 4:22 p.m.