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HomeMy WebLinkAboutMinutes Corpus Christi Business And Job Development Corporation (Type A) - 03/18/2013MINUTES CORPUS CHRISTI BUSINESS AND JOB DEVELOPMENT CORPORATION (TYPE A) REGULAR MEETING CITY HALL — COUNCIL CHAMBERS MARCH 18, 2013 — 3:00 P.M. PRESENT: Members Robert Tamez, President Debbie Lindsey -Opel, Vice President* R. `I3ryan Gulley, Secretary Bart Braselton Adolfo (Butch) Escobedo `Arrived at 3:05 p.m. Staff Margie Rose, Assistant City Manager Marcie Downing, Assistant City Attorney Armando Chapa, Assistant Secretary Constance Sanchez, Finance A. Called meeting to order — President Tamez called the meeting to order at 3:03 p.m. B. Roll Call — President Tamez verified that the necessary quorum of the Board were present to conduct the meeting. 1. _Approval of Minutes —Mr. Braselton made a motion to approve the Regular meeting minutes of February 18, 2013, seconded by Mr. Escobedo and passed (Opel absent). 2. Closed session under 6551.087 of the Texas Government Code to discuss or deliberate regarding commercial or financial information pertaining to Turner Industries 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 conductin economic development negotiations, with possible discussion and action in open session. President Tamez announced the closed session. The Corporation went into closed session. The Corporation returned from closed session. President Tamez opened the floor for possible discussion and action in open session. Mike Culbertson, Corpus Christi Regional Economic Development Corporation (EDC); explained that Turner Industries did not reach the contract milestone in 2011 to receive the incentive payment of $472,000, Mr. Culbertson added that Turner Industries is making a formal request to recoup those funds. Dr. Gulley made a motion to deny the request of Turner Industries Group to recoup previously forfeited incentive payments for non - compliance with contract milestones, seconded by Mr. Escobedo and passed. 3. Financial Report — Director of Financial Services Constance Sanchez presented the sales tax through January; the cash flow statements; the commitment reports for the economic development fund; inception reports; and economic development fund pro - forma. A motion was made by Ms. Opel to approve the financial report, seconded by Mr. Escobedo and passed. 4. Motion to approve a rant of a to $600,000 to Texas A &M University — Corpus Christi for start-u expenses for an application to the Federal Aviation Administration FAA to locate an Unmanned Aerial Systems WAS test ran es in INDEXED Type A Meeting March 18, 2013 — Page 2 Corpus Christi, Texas, amending the budget to allow for this funding of up to $_600,000 from the Unreserved Fund balance in the No. 1140 BusinesslJob Development Fund and appropriating up to $6_00,000 to the Unreserved Fund Balance in the No. 1140 Business /Job Development Fund. — Vice President Opel recused herself from the discussion and vote on this item. Dr. Trent Hill, TAMU -CC, provided a brief background on the unmanned aerial system test ranges, the University's bid for one of these test sites in Corpus Christi, and the economic impact for the community. Dr. Hill explained that TAMU -CC is requesting a grant of $600,000 to assist with the consulting and development of this proposal. Dr. Ron George, TAMU -CC and Jerry Hendrix, Camber Corporation were available to respond to questions. Mr. Braselton made a motion to approve Item 4, seconded by Mr. Escobedo and passed (Opel abstained). 5. Informational update from Dan Biles regarding the Seawall Maintenance Project, Salt Flats Levee Projects, the Barge Dock Project, the FEMA Mapping Issue, Saluki Road Project, Whataburger Field Maintenance Project. American Bank Center and Selena Auditorium Capital Maintenance Program - Dan Biles, Director of Engineering, referred to the monthly engineering project update in the packet. 6. Motion to approve a grant of 1119 364.25 to SMG for repair /maintenance needs at the Arena; amending the fiscal year 2012 -2013 budget for the Fund 1130 Arena Facility Fund to allow for this funding of $119 from the Unreserved Fund Balance in the No. 1130 Arena Facility Fund, and appropriating $119,364.25 from the Unreserved Fund Balance in the No. 1130 Arena Facility Fund. — Kim Harris, Finance Director of SMGIAmerican Bank Center, explained that this item is requesting that the unused funds remaining from fiscal year 2011 -2012 for arena repair and maintenance be appropriated in the current year to address repairs at the arena. Mr. Braselton made a motion to approve Item 6, seconded by Ms. Opel and passed (Escobedo absent). 8. Information on Allowable Use of Sales Tax Revenue with possible discussion and action, — Director of Financial Services Constance Sanchez referred to the memorandum provided in the packet regarding the allowable uses for the sales tax. T. Discussion on informational memorandum regarding contract negotiations, maintenance obligations, contract management and fund requirements with regard to the contract between the City of Corpus Christi and the Corpus Christi Baseball Club -- Assistant City Manager Oscar Martinez referred to the memo in the packet that was originally provided to the Board in February and provided information on the contract negotiations, maintenance of the field; enhancements to contract management, and insurance funding requirements for the stadium. Ms. Opel requested further information on the tracking of insurance payments. 9. Informational memorandum regarding Susser Holdings Cor oration Compliance Report with possible discussion and action. -- Mike Culbertson, EDC, reported that Susser Holdings Corporation was in full compliance of the contract. Type A Meeting March 18, 2013 -- Page 3 10. Informational memorandum reaarding the internship programs at Del Mar College and at Texas A &M University — Corpus Christi with possible discussion and action- Mike Culbertson, EDC, explained that this report is in response to questions from the February meeting. Mr. Culbertson reported that both colleges are currently in need of additional funding or they will have to shut down the program for summer. Beverly Cage, Del Mar College and Joanne Franke, TAMU -CC spoke regarding the need for additional funding to place more interns in their respective programs. G. Public Comment None. Assistant City Manager Margie Rose introduced new Assistant City Manager Susan Thorpe. H. Identify Future Agenda Items — The following items were requested to be included on a future agenda. status on contract management; status of maintenance of baseball stadium (via - email); update on affordable housing; presentation on board's roles and responsibilities; and the budget. Adjournment There being no other business to come before the board, President Tamez adjourned the meeting at 4:45 p.m.